- In August 1998, CBS Corporation (formerly
Westinghouse Electric Corporation) sold its worldwide Power Generation
business unit to Siemens.
- In Canada, the Power Generation
business consisted of the Hamilton turbine and generator business, and
the electrical service business.
- Siemens assumed the pension obligations for all employees, past and present, of the Power Generation businesses.
other activities of the former Westinghouse Canada Inc. were
transferred to CBS Canada, including the pension obligations not
assumed by Siemens.
- Westinghouse Pension Services provides administrative services to CBS Canada and its pension plan members.