TOKYO, March 27 Westinghouse Electric Co, the
U.S. nuclear unit of Japan's Toshiba Corp, could file
for bankruptcy protection as early as Tuesday and is seeking
support from South Korea's Korea Electric Power Corp
, the Nikkei said on Monday.
A Chapter 11 filing could help Toshiba limit damage from
losses at Westinghouse, the report by the Japanese business
daily said, without citing sources for its information.
Sources told Reuters on Friday that Toshiba had told its
main banks it planned to have Westinghouse file for bankruptcy
on Friday, expanding charges related to the U.S. unit this
business year to around 1 trillion yen ($9 billion) from its
publicly flagged estimate of 712.5 billion yen.
Nikkei said the Westinghouse board would meet as early as
Tuesday to decide on a Chapter 11 petition, which it could file
the same day. It said the U.S. firm had asked Korea Electric
Power Corp, also known as Kepco, to be its sponsor in its
Toshiba officials could not be reached outside office hours.
Officials answering Kepco's phone said they had no information
on the report, referring questions to the press office, which
could not be reached outside office hours.
($1 = 110.9800 yen)
(Writing by William Mallard; Editing by Andrew Hay)