 Financial firm Lazard also updated its levelized cost of electricity report costing new nuclear at between $0.118/kWh and $0.192/kWh using a commercial 7.7% cost of capital (WACC) (pre-tax 12% cost for the higher-risk 40% equity finance and 8% cost for the 60% loan finance) over a 40 year lifetime, making it the most expensive privately financed non-peaking generation technology other than residential solar PV.On March 29, 2017, parent company Toshiba placed Westinghouse Electric Company in Chapter 11 bankruptcy because of $9 billion of losses from its nuclear reactor construction projects.The projects responsible for this loss are mostly the construction of four AP1000 reactors at Vogtle in Georgia and V. C. Summer in South Carolina.