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Westinghouse working on group bid for Saudi nuclear reactors

Cooling towers, right, and nuclear reactor containment buildings area, left, at Plant Vogtle Nuclear Power Plant in Waynesboro, Ga. Photo: John Bazemore / AP

Westinghouse is negotiating with other U.S.-based companies to make a group bid worth about $12 billion for nuclear power reactors in Saudi Arabia, according to Reuters, which cited three industry sources.

Big picture: The U.S. would be signaling it still has skin in the game if the bid goes through, especially since the group of industry leaders involved in nuclear reactor construction is so small.