Westinghouse (Get Off My Lawn)

The Southern District of New York bankruptcy judge Heisman'd the official committee of unsecured creditors earlier this week after they attempted to propose a plan of reorganization mere days after the company's parent, Toshiba Corp., filed one. Meanwhile SCANA Corp. ($SCG) is in a war with the South Carolina legislature over whether the utility may continue to pass the costs of abandoned nuclear reactors to customers of electricity. If it loses? The company says it may have no choice but to file bankruptcy. Elsewhere in nuclear power, Santee Cooper has commenced an operational restructuring.

The Baupost Group LLC likes SCANA Corp.

Taking Advantage of the Westinghouse Bankruptcy

Shortly after having its Puerto Rico position exposed, The Baupost Group LLC is now reported to have purchased claims thatSCANA Corp. ($SCG) and Santee Cooper have against Toshiba Corp. on account of the Westinghouse bankruptcy.