(The following is a reformatted version of a press release issued by Westinghouse Electric and received via e-mail. The release was confirmed by the sender.) WESTINGHOUSE AND BURNS & MCDONNELL ENTER INTO AGREEMENT TO FURTHER THE WESTINGHOUSE SMALL MODULAR REACTOR PROJECT DEVELOPMENT Construction of a single Westinghouse SMR estimated to create nearly $3 billion in economic impact and thousands of U.S. jobs in more than 15 states PITTSBURGH, Feb. 4, 2013 - Westinghouse Electric Company today announced that it has entered into an agreement with Burns & McDonnell Engineering Company, Inc. to further the development and licensing of the Westinghouse Small Modular Reactor (SMR), a passively safe design that has the potential to provide economical, secure sources of emissions-free electricity generation to the world’s rapidly changing and diverse markets. Under the scope of the agreement, Burns & McDonnell will perform a variety of engineering services in support of the ongoing efforts to develop the base plant design and the Design Certification Document (DCD) for the Westinghouse SMR. Additionally, Burns & McDonnell will provide engineering services to assist with development of the Westinghouse SMR construction program. “Westinghouse is extremely pleased to work with Burns & McDonnell in our pursuit of Design Certification for the Westinghouse SMR,” said Danny Roderick, Westinghouse president and chief executive officer. “The Westinghouse SMR has tremendous potential to advance clean nuclear energy technology while supporting U.S. nuclear industry leadership and competitiveness by taking advantage of Westinghouse’s global export capabilities. As a nation, we need to take action now to strengthen the commercial U.S. nuclear industry that has already contributed so much to our country.” “We are excited to be working with Burns & McDonnell in our efforts to become the first-to-market with the Westinghouse SMR, which will be 100 percent sourced in the United States,” said Dr. Kate Jackson, chief technology officer and senior vice president, Westinghouse Research and Technology. “Westinghouse is the global leader in nuclear technology and development, with an established U.S. supply base. The burgeoning small modular reactor industry will further ensure that the United States continues to become increasingly energy independent while also creating thousands of well-paying jobs here at home.” Westinghouse estimates that the building of a single Westinghouse SMR will provide an estimated economic impact of nearly $3 billion in greater than 15 states and will create or sustain more than 15,000 direct and indirect jobs. As this technology is exported to the world, the number of U.S. jobs would continue to increase. “We believe this partnership will put U.S.-manufactured small modular reactor technology into a leadership position in our country and around the world,” said Ray Kowalik, President of the Burns & McDonnell Energy Division. “There is no question that nuclear power has to be a bigger player if we are serious about reducing our reliance on carbon-based fuel sources. SMRs are a great alternative to large nuclear reactors due to their more predictable costs and the speed at which they can be constructed. We have decades of experience designing the most advanced power facilities in the world and we are eager to put that experience to work with the Westinghouse team.” The Westinghouse SMR team, including the NexStart SMR Alliance, a consortium of current and prospective nuclear plant owners and operators; cooperative, municipal and investor-owned electric service providers; and, other public and private enterprises, will work collaboratively to execute a proposed project having an objective of receiving from the U.S. Nuclear Regulatory Commission design certification of the Westinghouse SMR and then a combined construction and operating license for a Westinghouse SMR at Ameren Missouri’s Callaway Energy Center. The Westinghouse SMR is a 225 MWe integral pressurized water reactor (PWR) with all primary components located inside of the reactor vessel. It is the company’s next product innovation utilizing passive safety systems and proven components, as well as modular construction techniques - all realized and already licensed in the nuclear industry-leading AP1000® nuclear power plant design, the first and only Generation III+ reactor to receive Design Certification from the U.S. NRC and which is currently being built in China and the U.S. Westinghouse believes that by building upon the concepts and advances in technology achieved in the Westinghouse AP1000 reactor, the Westinghouse SMR design will provide licensing, construction and operational certainty that no other SMR supplier can match with competitive economics. Founded in 1898, Burns & McDonnell is a 100 percent employee-owned, full-service engineering, architecture, construction, environmental and consulting services firm. Burns & McDonnell is currently the 23rd largest AEC firm in the Engineering News-Record Top 500 ranking. The firm is among the leaders in many categories, including the No. 2 ranked firm in the Transmission & Distribution category. With the multidisciplinary expertise of more than 3,400 professionals in more than 30 regional, national and international offices, Burns & McDonnell plans, designs, permits, constructs and manages facilities worldwide with one mission in mind: to make its clients successful. Westinghouse Electric Company, a group company of Toshiba Corporation (TKY:6502), is the world’s pioneering nuclear energy company and is a leading supplier of nuclear plant products and technologies to utilities throughout the world. Westinghouse supplied the world’s first pressurized water reactor in 1957 in Shippingport, Pa. Today, Westinghouse technology is the basis for approximately one-half of the world’s operating nuclear plants. CONTACT: Sarah Barczyk Westinghouse Communications Telephone: +1 412-374-3705 Email: email@example.com (sgp) NY #<278855.14078.3.4.0.0.76>#
WESTINGHOUSE, BURNS & MCDONNELL IN SMR PROJECT DEVELOPMENT PACT
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