SOURCE: EnergySolutions

December 19, 2008 17:29 ET

UK Nuclear Power Plant Operated by EnergySolutions Receives Extension to Continue Generating Power

SALT LAKE CITY, UT--(Marketwire - December 19, 2008) - EnergySolutions, Inc. (NYSE: ES). The Nuclear Decommissioning Authority (NDA) announced this week that the Oldbury Nuclear Power Station, located near Bristol, England will continue to generate electricity beyond its closure date of December 2008, likely to be around two years. The facility is operated by Magnox North, a company owned by EnergySolutions.

"This is great news for power generation in the United Kingdom," said Steve Creamer, CEO and Chairman of EnergySolutions. "We appreciate the Nuclear Installations Inspectorate (NII) taking the time to evaluate this facility and grant the license extension. Much of the credit for this extension goes to the dedicated and committed employees who operate the Oldbury plant in a safe and efficient manner and I congratulate them on their achievements."

During this year the employees have been undertaking work to support the period of extended generation, including evaluation of the Periodic Safety Review, the key document used by the NII to check the safety of the site.

"This is a fantastic achievement for all involved and we now look forward to continued safe generation at Oldbury," said Mark Morant, President of EnergySolutions International Group.

The Environment Agency, who has also been involved in this program of work, confirmed that no changes to the current authorization are necessary. EnergySolutions employees will work to maintain environmental standards that played a role in the decision to continue operation of the Oldbury Facility.

EnergySolutions offers customers a full range of integrated services and solutions, including nuclear operations, characterization, decommissioning, decontamination, site closure, transportation, nuclear materials management, processing, recycling, and disposition of nuclear waste, and research and engineering services across the nuclear fuel cycle.

Statements in this news release may contain forward-looking statements that involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Forward-looking statements are not guarantees of future performance and the Company's actual results may differ significantly from the results discussed in the forward-looking statements.

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