Exelon Nuclear and GE Hitachi Nuclear Energy Sign Services Contract

GE Hitachi Nuclear Energy today announced it has been awarded a nearly $150 million integrated outage contract by Illinois-based Exelon Nuclear to help ensure the continued, safe performance of the utility's entire fleet of boiling water reactor nuclear power plants in Illinois, Pennsylvania and New Jersey.

The agreement, which is effective immediately and runs through completion of the spring outage season in 2015, represents a continuation of GEH's decades-long support of Exelon's fleet of 12 BWR units operating at seven nuclear power plant sites. GE was the original designer of the BWRs for Exelon, the nation's largest nuclear utility.

Terms of the contract call for GEH to provide services for assisting with the refuel floor activities and performing the under-vessel and inspection services. GEH also will continue to deploy new technologies during outage projects to reduce worker dosage, enhance safety and improve plant performance.

GEH is a global nuclear alliance created by GE (NYSE: GE) and Hitachi