August 9, 2007 admin

Entergy ordering parts to build a Nuclear Reactor in Mississippi

Aug 2007
For Immediate Release

Entergy Nuclear Signs New Nuclear Project Development Agreement and
Components Order with GE-Hitachi


Jackson, Miss. — Entergy Nuclear, the nation’s second largest
nuclear operating company, has signed a project development agreement
with GE-Hitachi Nuclear Energy that includes a major, advanced
reactor components order. Proceeding with the order now will ensure
timely delivery of schedule-critical parts should Entergy decide to
build a new nuclear unit.

Entergy Nuclear, through NuStart Energy Development LLC, is on target
to submit a combined construction and operating license application
for its Grand Gulf nuclear site in Mississippi by the end of 2007.
Entergy Nuclear is also targeting a mid-2008 submittal of a combined
construction and operating license application for its River Bend
site in Louisiana.

While Entergy has not yet made a decision to build a nuclear unit,
the company is moving forward systematically to position itself so
that the option for a new nuclear unit remains available in the 2017
time frame.

The utility is currently examining its customers’ future energy
requirements and other important factors, such as the related costs
of new nuclear construction and the projected costs of alternative
sources of base load generation, which are important factors in
determining whether or not to proceed with a new nuclear plant.

The two potential sites for a new plant each has a GE-designed
reactor currently operated by Entergy Nuclear. The Grand Gulf Nuclear
Station, located in Port Gibson, about 25 miles south of Vicksburg,
Miss., has a 1,266-megawatt boiling water reactor that entered
service in 1985. The River Bend Station in St. Francisville,
northwest of Baton Rouge, Louisiana’s capital city, has a 978-
megawatt boiling water reactor that began commercial operation in
1986.

With a growing number of global utilities deciding to build new
reactors, the supply of important plant components is expected to
tighten in the coming years. By ordering the components from GEH now,
Entergy is positioning itself to be able to build a new economic
simplified boiling water reactor in time to start commercial
operation in the 2017 time frame.

“This significant components order ensures GEH and Entergy will be
able to build an ESBWR project on schedule if Entergy formally
decides to build a new unit,” said Andy White, president and chief
executive officer of GE-Hitachi Nuclear Energy. “We share a long
history of working with Entergy and look forward to an expanded
relationship that may include new unit construction. ”

Said Entergy Chief Nuclear Officer Michael Kansler, “Signing the
project development agreement and long-lead equipment orders with GEH
demonstrates our clear commitment to planning for the future energy
needs of our customers while reflecting the methodical, step-by-step
approach we are taking so that a decision to build a new nuclear
power plant would clearly be a sound business decision for our
customers and our shareholders. ”

The order for Entergy Nuclear includes large forgings as well as
fabrication of several schedule-critical nuclear and turbine
components required for the ESBWR design. Several U.S. GE businesses
and a diverse network of global supply chain partners will perform
the work.

Terms of the project development agreement and the order are
confidential.

Entergy Nuclear is a charter member of NuStart Energy Development LLC
(www.nustartenergy. com), a U.S. Department of Energy-backed
consortium of nuclear utilities and suppliers that includes GE. The
NuStart consortium was organized to complete engineering work on next-
generation reactor designs and to test the Nuclear Regulatory
Commission’s new streamlined combined construction and operating
license application regulations. In 2005, NuStart selected Grand Gulf
as the site of a potential ESBWR. NuStart’s efforts are cost-shared
as part of DOE’s Nuclear Power 2010 program.
(http://www.doe. gov/energysource s/nuclear. htm)

About Entergy

Entergy Corporation (www.entergy. com) is an integrated energy
company engaged primarily in electric power production and retail
distribution operations. Entergy owns and operates power plants with
approximately 30,000 megawatts of electric generating capacity, it is
the second-largest nuclear generator in the United States. Entergy
delivers electricity to 2.6 million utility customers in Arkansas,
Louisiana, Mississippi, and Texas. Entergy has annual revenues of
more than $10 billion and approximately 14,500 employees.

About GE-Hitachi Nuclear Energy

Based in Wilmington, North Carolina, GE-Hitachi Nuclear Energy is a
world-leading provider of advanced reactors, nuclear fuel and reactor
services. GEH, established in June 2007, is a global nuclear alliance
comprised of GE and Hitachi, built to serve the global nuclear
industry. Through the new nuclear alliance, GE and Hitachi will
execute a single, strategic vision to create a broader portfolio of
solutions, expanding its capabilities for new reactor and service
opportunities. The alliance will offer customers the technological
leadership required to effectively enhance reactor performance, power
output and safety for the global nuclear industry.

About the Author

admin Donny started ElectricityBid.com back in 2007 from his parents basement and has since married his wife Melody and had three sons, John Adam (7) and Noah (4) and our new 20 month old son. He enjoys tech related things, softball, kickboxing, going to the gym, excursions and activities together with his wife Melody. Our service allows you to shop and compare commercial and residential electric rates and providers. Would you take the time today to try our service and see how you like it. Thank you! and God Bless You!

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