Constellation Energy Nuclear Group Awards Global Nuclear Fuel with Fuel Services Contract for New York's Nine Mile Point Facility


WILMINGTON, N.C. - Global Nuclear Fuel-Americas (GNF-A) has announced it has received a $300 million dollar contract from Baltimore, Md.-based Constellation Energy Nuclear Group, LLC (CENG) to supply fuel and associated engineering reload licensing services to the utility's Nine Mile Point Nuclear Station in central New York.

"This is an important project for CENG as our Nine Mile Point facility produces electricity safely and reliably," said Brew Barron, president and CEO of CENG. "Global Nuclear Fuel is a key partner in our efforts."

Nine Mile Point is a two-unit, GE-designed boiling water reactor (BWR) station located in the town of Scriba, N.Y. north of Syracuse. Combined, the station's two units generate more than 1,750 megawatts (MW), which is enough energy to meet the needs of more than 1 million households.

For the units 1 and 2 fuel reloads, GNF-A will supply fuel that is produced and assembled at the company's Wilmington, N.C. fuel fabrication plant. The fuel assemblies will be equipped with GNF's Defender(TM) filter technology. This is an added safety feature that protects the fuel by capturing debris that may exist in a reactor core, thus helping to prevent damage to fuel rods.

"Our latest reload fuel order from CENG will continue to enhance our strong working relationship in support of Nine Mile Point's fuel-cycle requirements, which helps to ensure the station continues providing New York with a reliable source of carbon-free electricity," said Nicole Holmes, Chief Operating Officer of GNF-A.

About Global Nuclear Fuel

Global Nuclear Fuel (GNF) is a joint venture of General Electric (NYSE:GE), Toshiba Corporation and Hitachi, Ltd. and is a world-leading supplier of boiling water reactor fuel, including uranium dioxide and MOX fuel and fuel-related engineering services. GNF operates primarily through Global Nuclear Fuel-Americas, LLC in Wilmington, N.C., and Global Nuclear Fuel-Japan Co. Ltd. in Kurihama, Japan.

GNF has fabricated 1.5 billion nuclear fuel pellets since the joint venture was created in 2000, enough to power the equivalent of 300 million typical U.S. homes. Nuclear energy is one of the few baseload sources of electricity that create nearly zero CO2 emissions during the electricity generation process.

About Constellation Energy Nuclear Group (CENG)

CENG (a joint venture of Constellation Energy Group, Inc. (NYSE: CEG) and EDF Group, SA) based in Baltimore, Maryland, is a leading producer of safe and reliable nuclear power. The company owns and operates five nuclear reactors at three sites in New York and Maryland. CENG's core values are nuclear and personal safety. Nuclear energy - America's largest source of clean-air, carbon-free, reliable electricity, producing no greenhouse gases--accounts for more than 20 percent of U.S. produced electricity, powering one in five homes and businesses across the United States.

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Howard Masto

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Mark Sullivan

Constellation Energy Nuclear Group (CENG)

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Michael Tetuan

GE Hitachi Nuclear Energy

Phone: +1 910 819 7055

Email: michael.tetuan@ge.com

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