SOURCE: EnergySolutions, Inc.

December 11, 2007 16:05 ET

EnergySolutions, Inc. and Exelon Corp Reach Agreement on Accelerated Cleanup of Zion Nuclear Power Station

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.

Contact Information