Exelon Nuclear and GE Hitachi Nuclear Energy Ink Services Contract

August 29, 2011 / Elizabeth Buckley, Commercial Property Analyst

GE Hitachi Nuclear Energy will provide Exelon’s Stations in Illinois, Pennsylvania and New Jersey with full portfolio of outage services, including maintenance, Iinspection and fuel reload engineering as it has been awarded a nearly $150 million services contract by Illinois-based Exelon Nuclear.

Exelon Nuclear and GE Hitachi Nuclear Energy Ink Services Contract

GE recently signed a separate contract with China Huadian Corporation to develop distributed energy combined heat and power (DECHP) projects that would provide electricity for consumers in China located close to the plants.

The integrated outage contract is expected to help ensure the continued, safe performance of the utility’s entire fleet of boiling water reactor (BWR) nuclear power plants in Illinois, Pennsylvania and New Jersey. The contract was signed on the heels of reports of power outages in half of National Grid’s customers in Rhode Island.

Exelon Nuclear operates the largest nuclear fleet in the nation and the third largest fleet in the world. Exelon’s 10 stations – with 17 reactors – is approximately 20 percent of the U.S. nuclear industry’s power capacity. Exelon Nuclear’s 17 generating units produced 131.3 million net megawatt-hours of electricity in 2009. The fleet also achieved an average capacity factor of 93.6 percent, the seventh year in a row the capacity factor was greater than 93 percent.

The agreement, which will come into force immediately and runs through completion of the spring outage season in 2015, is 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 GE to assist with the refuel floor activities and performing the under-vessel and inspection services. GE also will continue to deploy new technologies during outage projects to reduce worker dosage, enhance safety and improve plant performance.

“We are excited to continue working to help Exelon Nuclear find innovative ways to reduce its operational costs by minimizing the critical path of outages throughout the BWR fleet,” said Kevin Lagasse, senior vice president, nuclear services for GE.

GEH’s new outage services contract covers all of the Exelon BWRs, including Clinton Power Station, Clinton, Ill. (one BWR); Dresden Generating Station, Morris, Ill. (two BWRs); Lasalle Generating Station, Marseilles, Ill. (two BWRs); Quad Cities Generating Station, Cordova, Ill. (two BWRs); Peach Bottom Atomic Power Station, Delta, Pa. (two BWRs); Limerick Generating Station, Pottstown, Pa. (two BWRs); and Oyster Creek Generating Station, Forked River, N.J. (one BWR).

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