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EnergySolutions 30-Day "Go Shop" Period Concludes



              EnergySolutions 30-Day "Go Shop" Period Concludes

PR Newswire

SALT LAKE CITY, Feb. 7, 2013

SALT LAKE CITY, Feb. 7, 2013 /PRNewswire/ -- EnergySolutions, Inc. (NYSE - ES)
("EnergySolutions" or the "Company"), a leader in nuclear services, today
announced the expiration of the "go shop" period under the previously
announced Agreement and Plan of Merger, dated as of January 7, 2013 (the
"Merger Agreement"), which provides for the acquisition of the Company by an
affiliate of Energy Capital Partners, a private equity firm focused on
investing in North America's energy infrastructure.

(Logo:  http://photos.prnewswire.com/prnh/20130207/LA56208LOGO)

Under the Merger Agreement, the Company was permitted to solicit alternative
acquisition proposals from third parties during the 30-day period ending at
11:59 p.m. New York City time on February 6, 2013 (the "'go shop' period").
During the "go shop" period, 2 parties contacted representatives of the
Company's financial advisor, Goldman, Sachs & Co. ("Goldman Sachs") and, at
the direction of the Company's board of directors, Goldman Sachs contacted 22
parties.  Of the 24 parties who were contacted by or who contacted
representatives of Goldman Sachs during the "go shop" period, 15 were
strategic buyers and 9 were private equity groups.  During the "go shop"
period, one party entered into a non-disclosure agreement in connection with
its evaluation of a possible strategic transaction with the Company.  Each
party contacted, including the party that entered into a non-disclosure
agreement with the Company, notified the Company that it would not be
interested in pursuing a strategic transaction with the Company.  Despite
conducting an active and extensive solicitation process, the Company did not
receive an alternative acquisition proposal from any potential buyer during
the "go shop" period.

Starting at12:00 a.m. New York City time on February 7, 2013, the Company
became subject to customary "no shop" provisions that limit its ability to
solicit alternative acquisition proposals from third parties or to provide
confidential information to third parties, subject to a "fiduciary out"
provision that allows the Company to provide information and participate in
discussions with respect to certain unsolicited written proposals and to
terminate the Merger Agreement and enter into an acquisition agreement with
respect to a superior proposal in compliance with the terms of the Merger
Agreement.

In addition, the Company announced that early termination of the waiting
period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as
amended, was granted and became effective on February 1, 2013.

The Company also announced that the United Kingdom Nuclear Decommissioning
Authority gave its written consent to the change in control of EnergySolutions
EU Limited pursuant to the Merger Agreement.

The closing of the Merger Agreement remains subject to certain other
conditions, including approval by the Company's stockholders and the consent
of the Nuclear Regulatory Commission (the "NRC") and any State from whom the
Company or its subsidiaries holds a radiological license or permit issued
pursuant thereto, which States have entered into an agreement with the NRC
pursuant to Section 274 of the Atomic Energy Act, to the indirect transfer of
control of the Company's NRC and State radiological licenses and  permits.

The Company expects to file its preliminary proxy statement with the
Securities and Exchange Commission (the "SEC") in connection with the Merger
Agreement shortly.

The Company expects to close the merger as soon as practicable following
satisfaction of all closing conditions, which the Company expects to occur in
the second or third quarter of 2013. Following completion of the
transaction, the Company will become a privately held company and its stock
will no longer trade on the New York Stock Exchange.

About EnergySolutions
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.

About Energy Capital Partners
Energy Capital Partners is a private equity firm with offices in Short Hills,
New Jersey and San Diego, California. Energy Capital Partners has over $7.5
billion of capital commitments under management and is focused on investing in
North America's energy infrastructure. The fund's management has substantial
experience leading successful energy companies and energy infrastructure
investments. For more information, visit www.ecpartners.com.

Notice to Investors
In connection with the proposed acquisition of the Company by an affiliate of
Energy Capital Partners II, LP ("Energy Capital Partners"), pursuant to the
Merger Agreement, EnergySolutions intends to file relevant materials with the
SEC, including a proxy statement. Investors and security holders of
EnergySolutions are urged to read these documents (if and when they become
available) and any other relevant documents filed with the SEC, as well as any
amendments or supplements to those documents, because they will contain
important information about EnergySolutions, the proposed merger and the
parties to the proposed transaction. Investors and security holders may obtain
these documents (and any other documents filed by EnergySolutions and Energy
Capital Partners with the SEC) free of charge at the SEC's website at
http://www.sec.gov. In addition, the documents filed with the SEC by
EnergySolutions may be obtained free of charge by directing such request to:
EnergySolutions Investor Relations at 1-801-649-2000 or from the investor
relations website portion of EnergySolutions' website at
http://www.ir.energysolutions.com. Investors and security holders are urged to
read the proxy statement and the other relevant materials when they become
available before making any voting or investment decision with respect to the
proposed merger.

EnergySolutions, Energy Capital Partners and their respective directors and
executive officers may be deemed to be participants in the solicitation of
proxies from EnergySolutions' stockholders in respect of the proposed
acquisition. Information regarding EnergySolutions' directors and executive
officers is contained in EnergySolutions' Annual Report on Form 10-K for the
year ended December 31, 2011, its proxy statement for its 2012 Annual Meeting
of Stockholders, dated May 23, 2012, and subsequent filings which
EnergySolutions has made with the SEC. Stockholders may obtain additional
information about the directors and executive officers of EnergySolutions and
their respective interests with respect to the proposed acquisition by
security holdings or otherwise, which may be different than those of
EnergySolutions' stockholders generally, by reading the definitive proxy
statement and other relevant documents regarding the proposed acquisition,
when filed with the SEC. Each of these documents is, or will be, available as
described above.

Statement on Cautionary Factors
This communication, and all statements made regarding the subject matter of
this communication, contain statements that constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. These statements are based on the current
expectations and beliefs of EnergySolutions and are subject to a number of
risks, uncertainties and assumptions that could cause actual results to differ
materially from those described in the forward-looking statements. Any
statements that are not statements of historical fact (such as statements
containing the words "believes," "plans," "anticipates," "expects,"
"estimates" and similar expressions) should be considered forward-looking
statements. Among others, the following risks, uncertainties and other factors
could cause actual results to differ from those set forth in the
forward-looking statements: (i) the risk that the merger may not be
consummated in a timely manner, if at all; (ii) the risk that the Merger
Agreement may be terminated in circumstances that require EnergySolutions to
pay Energy Capital Partners a termination fee of up to $13,600,000, including
the inability to complete the merger due to the failure to obtain stockholder
approval for the merger or the failure to satisfy other conditions to
completion of the merger; (iii) risks related to the diversion of management's
attention from EnergySolutions' ongoing business operations; (iv) risks
regarding the failure of Energy Capital Partners to obtain the necessary
financing to complete the merger; (v) the effect of the announcement of the
acquisition on EnergySolutions' business relationships (including, without
limitation, partners and customers), operating results and business generally
as well as the potential difficulties in employee retention as a result of the
merger; (vi) risks related to obtaining the requisite consents to the
acquisition, including, without limitation, the timing (including possible
delays) and receipt of regulatory approvals from various governmental entities
(including any conditions, limitations or restrictions placed on these
approvals) and the risk that one or more governmental entities may deny
approval; (vii) risks related to the outcome of any legal proceedings that
have been, or will be, instituted against EnergySolutions related to the
Merger Agreement; and (viii) risks related to the effects of local and
national economic, credit and capital market conditions on the economy in
general. Additional risk factors that may affect future results are contained
in EnergySolutions' filings with the SEC, which are available at the SEC's
website http://www.sec.gov. Because forward-looking statements involve risks
and uncertainties, actual results and events may differ materially from
results and events currently expected by EnergySolutions. EnergySolutions and
Energy Capital Partners expressly disclaim any obligation or undertaking to
update or revise any forward-looking statements contained herein to reflect
any change of expectations with regard thereto or to reflect any change in
events, conditions or circumstances.

Contact Information

Richard Putnam
Investor Relations
801-303-0185

Mark Walker
Media Relations
801-649-2194

SOURCE EnergySolutions

Website: http://www.ecpartners.com
Website: http://ir.energysolutions.com
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