Tag Archives: Credit Suisse

Fluor books huge loses on three failed gas-fired plants, plus two failed nukes

It’s not just GE and Siemens that are “experiencing disruption of unprecedented scope and speed,” power plant builder Fluor finds “The challenges we have experienced over the last two years on gas-fired power projects are inconsistent with the results we have historically achieved.” Maybe you should have bet on sun and wind power, Fluor, Siemens, and GE, instead of fracked methane and nukes.

Fluor and Diablo Canyon nuclear project in California
Photo: Fluor web page on Diablo Canyon nuclear power plant

Copenhaver Construction, Inc., 8 August 2017,

Problems on three gas-fired power plant projects with fixed-price contracts forced Dallas-based Fluor Corp. to book a $124-million charge in 2017’s second quarter.

CEO David. T. Seaton says Continue reading