Contact Information: For more information, please contact: Mark Walker (801) 231-9194 www.EnergySolutions.com
EnergySolutions, Inc. and Exelon Corp Reach Agreement on Accelerated Cleanup of Zion Nuclear Power Station
| Source: EnergySolutions, Inc.
SALT LAKE CITY, UT--(Marketwire - December 11, 2007) - EnergySolutions, Inc. (NYSE : ES ) signed
an agreement today with Exelon Corporation to accelerate the
decommissioning and environmental restoration of the Zion Nuclear Power
Station site located in Zion, Illinois. Pending Nuclear Regulatory
Commission (NRC) approval, EnergySolutions, Inc. expects to take possession
of the facility in 2008 to begin decommissioning.
"This project launches our license stewardship strategy whereby we conduct
decommissioning and site restoration work as both owner and licensee," said
Steve Creamer, CEO of EnergySolutions. "Under this program we will utilize
the unique capabilities and facilities of EnergySolutions to reduce project
schedules, increase the efficiencies of the decommissioning process and
better control project costs."
The decommissioning of the Zion Nuclear Power Station will be substantially
accelerated under this agreement. When the decommissioning work is
completed and independently verified by the Nuclear Regulatory Commission,
hundreds of acres of lakefront property will be available for other uses.
The decommissioning will be performed using state-of-the-art technology and
rigorous environmental controls to protect human health and the environment
and to preserve the lakefront and wetlands properties.
"We will utilize our extensive technical expertise and experience in
decommissioning nuclear plants to successfully clean up this site years
ahead of schedule," said John Christian, President of Commercial Services
at EnergySolutions, Inc. "We are committed to conducting the
decommissioning in a manner that protects citizens, workers and the
environment," added Christian.
EnergySolutions, Inc., a national provider of nuclear services, has
extensive experience working with U.S. nuclear power plants in the
decommissioning of nuclear power plants in Wisconsin, Michigan, California,
Maine, Massachusetts and Connecticut.
EnergySolutions offers customers a full range of integrated services and
solutions, including nuclear operations, characterization, decommissioning,
decontamination, site closure, transportation, nuclear materials
management, the safe, secure disposition of nuclear waste and research and
engineering services across the fuel cycle.
Statements in this press release may be forward-looking statements. These
forward-looking statements involve risks and uncertainties that could cause
the outcome to be materially different.