Last week's earthquake and ensuing damage to several nuclear power plants in Japan is sending aftershocks through share prices of two Louisiana companies. Last week's earthquake and ensuing damage to several nuclear power plants in Japan is sending aftershocks through share prices of two Louisiana companies, according to The Times-Picayune.
Baton Rouge-based The Shaw Group has seen its share price tumble nearly 20 percent, down more than $7.50 to $30.84. According to the T-P, Shaw has a 20 percent investment in Westinghouse nuclear power and has contracts for new plants in the U.S. and Canada. Shaw CEO Jim Bernhard tells the newspaper he doesn't expect the crisis in Japan to affect plans for North American nuclear plants.
Power company Entergy, headquartered in New Orleans, has taken a 3.9 percent hit to its stock, dropping $3.88 to $69.81. Entergy owns or manages a dozen power plants in the U.S.