Q: In this task, you are given a text of many news articles seperated by special token "|||||". Your task is to summarize them.
WILMINGTON, DEL./TOKYO (Reuters) - Westinghouse Electric Co, a unit of Japanese conglomerate Toshiba Corp, filed for bankruptcy on Wednesday, hit by billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. Southeast. 
  
 The bankruptcy casts doubt on the future of the first new U.S. nuclear power plants in three decades, which were scheduled to begin producing power as soon as this week, but are now years behind schedule. 
  
 The four reactors are part of two projects known as V.C. Summer in South Carolina, which is majority owned by SCANA Corp, and Vogtle in Georgia, which is owned by a group of utilities led by Southern Co. 
  
 Costs for the projects have soared due to increased safety demands by U.S. regulators, and also due to significantly higher-than-anticipated costs for labor, equipment and components. 
  
 Pittsburgh-based Westinghouse said it hopes to use bankruptcy to isolate and reorganize around its “very profitable” nuclear fuel and power plant servicing businesses from its money-losing construction operation. 
  
 Westinghouse said in a court filing it has secured $800 million in financing from Apollo Investment Corp, an affiliate of Apollo Global Management, to fund its core businesses during its reorganization. 
  
 For Toshiba, the filing will help keep the crisis-hit parent company afloat as it lines up buyers for its memory chip business, which could fetch $2 billion. Toshiba said Westinghouse-related liabilities totalled $9.8 billion as of December. 
  
 Toshiba said it would guarantee up to $200 million of the financing for Westinghouse. Toshiba shares closed up 2.2 percent but have lost half their value since the nuclear problems surfaced late last year. 
  
 The Apollo loan needs court approval and is expected to carry Westinghouse for a year, people familiar with the matter said. The funds would support the company’s global operations, including its healthier services and maintenance businesses, and pay for construction workers on site in Georgia and South Carolina, the people said. 
  
 However, the money cannot be used to repay the liabilities stemming from cost overruns and delays at the projects, the people said. 
  
 SCANA told investors on a conference call on Wednesday that 5,000 workers would continue working on its South Carolina site for 30 days while the company while it weighed options. 
  
 “Our preferred option is to finish the plants. The least preferred option is abandonment,” said SCANA CEO Kevin Marsh. 
  
 Southern Co said in a statement it would hold Westinghouse and Toshiba accountable for its contract. 
  
 States regulators have approved costs of around $14 billion for each project but Morgan Stanley has estimated the final bill of around $22 billion for the South Carolina project and around $19 billion for the Georgia plant. 
  
 POSSIBLE SALE 
  
 Westinghouse’s nuclear services business is expected to continue to perform profitably over the course of the bankruptcy and eventually be sold by Toshiba, people familiar with the matter said. They cautioned that the sale process will likely be highly complex and litigious. 
  
 The Vogtle Unit 3 and 4 site, being constructed by primary contactor Westinghouse, a business unit of Toshiba, near Waynesboro, Georgia, U.S. is seen in an aerial photo taken February 2017. Georgia Power/Handout via REUTERS 
  
 The bankruptcy could embroil the U.S. and Japanese governments, given the scale of the collapse and the $8.3 billion in U.S. government loan guarantees that were provided to help finance the reactors. 
  
 A U.S. Department of Energy spokeswoman said the agency expects the parties to honor their commitments. 
  
 The Nuclear Regulatory Commission said it was inspecting the sites to ensure the facilities met the requirements of the licenses that were issued to units of Southern and SCANA. 
  
 Shares of SCANA were down 0.8 percent at $65.64 and Southern Co fell 0.4 percent to $49.90 in trading on the New York Stock Exchange. 
  
 NUCLEAR RENAISSANCE 
  
 When regulators in Georgia and South Carolina approved the construction of Westinghouse’s AP1000 reactors in 2009, it was meant to be the start of renewed push to develop U.S. nuclear power. 
  
 However, a flood of cheap natural gas from shale, the lack of U.S. legislation to curb carbon emissions and the 2011 Fukushima nuclear accident in Japan dampened enthusiasm for nuclear power. 
  
 Toshiba had acquired Westinghouse in 2006 for $5.4 billion. It expected to build dozens of its new AP1000 reactors - which were hailed as safer, quicker to construct and more compact - creating a pipeline of work for its maintenance division. 
  
 Slideshow (3 Images) 
  
 NUCLEAR FALLOUT 
  
 Toshiba has said it expects to book a net loss of 1 trillion yen ($9 billion) for the fiscal year that ends Friday, one of the biggest annual losses in Japanese corporate history. Toshiba had earlier forecast a loss of 390 billion. 
  
 Toshiba will close the first round of bids for its chip business - the world’s second-biggest NAND chip producer - on Wednesday. A source with knowledge of the issue said that about 10 potential bidders had shown interest, including Western Digital Corp which operates a Japanese chip plant with Toshiba, rival Micron Technology Inc, South Korean chipmaker SK Hynix Inc and financial investors. Tsunakawa said offers for the unit are likely to allow Toshiba to maintain shareholder equity. Toshiba believes the unit will be worth at least 2 trillion yen ($18 billion), he added. 
  
 The government-backed Innovation Network Corporation of Japan, and Development Bank of Japan are expected to enter later bidding rounds as part of a consortium, sources said. 
  
 A separate source said that Foxconn, the world’s largest contract electronics manufacturer, is expected to place an offer which is likely to be the highest bid. Other sources have said the Japanese government is likely to block a sale to Foxconn due to its deep ties with China. ||||| Strategic Restructuring 
  
 Additional Resources 
  
 On March 29, Westinghouse Electric Company, LLC, a U.S. company, and certain of its subsidiaries and affiliates, filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code. The Company is seeking to undertake a strategic restructuring as a result of certain financial and construction challenges in its U.S. AP1000power plant projects. Westinghouse has obtained $800 million in debtor-in-possession (DIP) financing from third-party lenders to help fund and protect its core businesses during its reorganization. Under Chapter 11 protection, Westinghouse will operate in the ordinary course of business and has the exclusive right to develop a plan of reorganization.The DIP financing will fund Westinghouse’s core businesses of supporting operating plants, nuclear fuel and components manufacturing and engineering as well as decommissioning, decontamination, remediation and waste management as the company works to reorganize around these strong business units. Existing letters of credit have been cash collateralized in full and will remain in place. The financing will also allow for new letters of credit to be issued.The Company’s operations in its Asia and Europe, the Middle East and Africa (EMEA) Regions are not impacted by the Chapter 11 filings. Customers in those regions will continue to receive the high-quality products and services they have come to expect in the usual course as the regions will also be supported by the DIP financing.Westinghouse's core businesses throughout the world remain strong and will continue to operate normally during our reorganization.Additional information can be accessed using the links below.For all media inquiries, please contact:External Communications ManagerPhone: +1 412-374-4744Click the link below to access the press release announcing Westinghouse's lead bidder.For more information about Brookfield, visit its website For claims information and legal filings, please reference the address provided below.c/o KCC2335 Alaska AvenueEl Segundo, CA 90245Toll Free: (877) 634-7177Outside U.S. & Canada: (424) 236-7223 ||||| Toshiba was looking to profit from a global nuclear power revival when it paid $5.4 billion for Westinghouse Electric in 2006. Instead, cost overruns and missed deadlines threaten to sink the Japanese conglomerate. 
  
 Westinghouse Electric Co. filed for chapter 11 bankruptcy protection Wednesday, setting off a showdown between the nuclear power company’s Japanese parent and a major U.S. utility, and threatening to drive a wedge between governments of two countries over the fate of industries each considers vital. 
  
 Westinghouse had incurred billions in cost overruns related to four nuclear reactors it is building in the southeastern U.S. The runaway costs from the half-finished reactors threatened the viability of its Japanese parent company,... ||||| Among the winners could be China, which has ambitions to turn its growing nuclear technical abilities into a major export. That has raised security concerns in some countries. 
  
 The shrinking field is a challenge for the future of nuclear power, and for Toshiba’s revival plans. Its executives have said they would like to sell all or part of Westinghouse to a competitor, but with a dwindling list of potential buyers — combined with Westinghouse’s history of financial calamity — that has become a difficult task. 
  
 Toshiba still faces tough questions. The company is also divesting its profitable semiconductor business and plans to sell a stake to an outside investor to raise capital. Most of the companies seen as possible buyers are from outside Japan. Some Japanese business leaders have expressed fears that the sale will further erode Japan’s place in an industry it once dominated. 
  
 After writing down Westinghouse’s value, Toshiba said it expected to book a net loss of $9.9 billion for its current fiscal year, which ends on Friday. 
  
 “We have all but completely pulled out of the nuclear business overseas,” Toshiba’s president, Satoshi Tsunakawa, said at a news conference. Of the huge loss, he added, “I feel great responsibility.” 
  
 Bankruptcy will make it harder for Westinghouse’s business partners to collect money they are owed by the nuclear-plant maker. That mostly affects the American power companies for whom it is building reactors, analysts say. Now, it is unclear whether the company will be able to complete any of its projects, which in the United States are about three years late and billions over budget. 
  
 The power companies — Scana Energy in South Carolina and a consortium in Georgia led by Georgia Power, a unit of Southern Company — would face the possibility of new contract terms, long lawsuits and absorbing losses that Toshiba and Westinghouse could not cover, analysts say. The cost estimates are already running $1 billion to $1.3 billion higher than originally expected, according to a recent report from Morgan Stanley, and could eventually exceed $8 billion over all. ||||| TOKYO (AP) — Japan's embattled Toshiba Corp. says its U.S. nuclear unit Westinghouse Electric Co. has filed for bankruptcy protection. 
  
 Toshiba said in a statement Wednesday that it filed the chapter 11 petition in the U.S. Bankruptcy Court of New York. The move had been largely expected. 
  
 Toshiba is expecting a loss of 500 billion yen ($4.3 billion) for April-December of last year, including a 712.5 billion yen ($6.2 billion) hit from its embattled nuclear business. 
  
 Toshiba acquired Westinghouse in 2006 with much fanfare, making nuclear power an important part of its business strategy. 
  
 After the March 2011 nuclear disaster in Fukushima, costs of the business have ballooned because of growing safety concerns and regulations, and a souring of sentiment toward nuclear power in some countries, such as Germany. |||||
A:
More fallout from Toshiba's reported "nuclear" loss last month, this time in the form of a bankruptcy filing. In what the AP says was a "largely expected" move, Toshiba noted in a statement Wednesday that its Westinghouse nuclear unit has submitted a Chapter 11 petition to the US Bankruptcy Court of New York. This announcement leaves up in the air what's going to happen to four still-to-be-finished nuclear reactors in South Carolina and Georgia, which were plagued with surpassed budgets and missed deadlines, per the Wall Street Journal. Reuters reports that Toshiba—which ventured into nuclear waters when it purchased Westinghouse for $5.4 billion in 2006—is expecting to take a $9 billion loss for the year ending March 31. The New York Times details some of the company's challenges in the nuclear industry, including more affordable forms of other alternative energy, such as wind and solar power, as well as safety fears spurred by the 2011 Fukushima disaster. A Westinghouse statement says that while the firm attempts to reorganize under Chapter 11 parameters, it will be kept afloat by special $800 million financing. Reuters notes the bankruptcy will allow Westinghouse to figure out whether it's worth it to keep plugging ahead on the nuclear reactor projects, some of which are only about a third completed. Some say Toshiba's unique situation can be applied more broadly to the nuclear industry in general. "This … illustrates that there is no bright future for nuclear anymore," a consultant tells the Journal, which notes that Westinghouse boldly proclaims "We Are Nuclear Energy" on its site.