October 13, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--As a large portion of the world seeks to rein in emissions generated by the power industry, nuclear power as a possibility for potential emissions-free baseload power is gaining ground. Two firms are seeking to capitalize on this renewed interest by agreeing to purchase nuclear equipment manufacturer <a href='https://www.westinghousenuclear.com/' target='_blank'>Westinghouse Electric Company</a> (Cranberry Township, Pennsylvania). Uranium miner <a href='https://www.cameco.com/' target='_blank'>Cameco Corporation</a> (<a href='https://www.nyse.com/quote/XNYS:CCJ' target='_blank'>NYSE:CCJ</a>) (Saskatoon, Saskatchewan) and <a href='https://bep.brookfield.com/' target='_blank'>Brookfield Renewable Partners LP</a> (<a href='https://www.nyse.com/quote/XNYS:BEP' target='_blank'>NYSE:BEP</a>) (Toronto, Ontario) have agreed to pay $7.9 billion for the company, including debt, giving Westinghouse a $4.5 billion equity value. Cameco will take a 49% stake, while Brookfield will have 51%.
