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Minnesota utility disputes $45M suit filed by Babcock & Wilcox
2014-12-11 21:01:10| Industrial Machines - Topix.net
Xcel Energy says its does not owe $45 million to The Babcock & Wilcox Co. for cost overruns on work at Xcel's Prairie Island Nuclear Plant.
Tags: filed
suit
utility
minnesota
Babcock & Wilcox sues Xcel Energy for $45 million
2014-11-14 19:10:41| Industrial Machines - Topix.net
The Babcock & Wilcox unit that helped install a pair of huge steam generators at Xcel Energy Inc.'s Prairie Island nuclear plant in Minnesota says the utility didn't pay for millions of dollars in cost overruns. The Star Tribune of Minneapolis has a report on the lawsuit by Babcock & Wilcox Nuclear Energy, a unit of The Babcock & Wilcox Co.
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energy
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sues
Babcock &Wilcox Splitting into Two Companies
2014-11-13 04:23:35| Industrial Machines - Topix.net
Lynchburg, VA- One of Lynchburg's biggest employers is splitting up. Babcock & Wilcox is dividing its business into two independent, publicly traded companies.
Tags: companies
splitting
wilcox
babcock
CEO could see $5M in cash and stock awards from Babcock & Wilcox spinoff
2014-11-10 15:23:01| Industrial Machines - Topix.net
Jim Ferland, chief executive of The Babcock & Wilcox Co., stands to collect retention awards of at least $2.7 million cash and $2.25 million worth of stock in the spinoff that splits the Charlotte-based company in two.
CEO could see $5M in cash and stock awards from Babcock & Wilcox spinoff
2014-11-10 15:23:00| Industrial Machines - Topix.net
CEO Jim Ferland will get the full retention award if he is still with the new Babcock & Wilcox Co. three years after the split.
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