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GE Hitachi Awarded Outage Services Contract by Exelon Generation

Agreement Includes Services for Two Additional Pressurized Water Reactors

WILMINGTON, North Carolina-April 26, 2017-Exelon Generation, operator of the largest nuclear fleet in the U.S., has awarded an integrated outage contract to GE Hitachi Nuclear Energy (GEH) for the utility's entire fleet of boiling water reactor (BWR) nuclear energy facilities and three pressurized water reactor (PWR) units. The total value of the contract is more than $140 million.

Under the outage services agreement, which runs through the completion of the spring 2021 outage season, GEH will provide a full portfolio of outage and inspection services to Exelon's fleet of 15 BWR units throughout the Mid-Atlantic, Midwest and Northeast. In addition, GEH will service the R.E. Ginna PWR in Ontario, New York and the two PWRs at Calvert Cliffs in Lusby, Maryland.

“Our partnership with Exelon is long-standing and we're pleased to be chosen to continue to support the safe and efficient operation of plants that provide clean electricity to millions of homes and businesses,” said Lance Hall, Executive Vice President, Nuclear Services, GEH. “Whether it's through outage services or our recently announced digital partnership, we're excited to help Exelon deliver on the industry's initiative to advance safety, reliability and economic performance.”

The agreement includes assisting with refuel floor activities and performing under-vessel and inspection services for Exelon's BWRs, which combined have the capacity to power approximately 14 million homes with clean, carbon-free electricity.

In the fall of 2015 GEH successfully completed its first PWR services outage at the R.E. Ginna plant. The outage, in partnership with Exelon, was completed under budget and ahead of schedule with no safety-related or human performance issues. Through this agreement, GEH will support two outages at R.E. Ginna and two outages at each of the Calvert Cliffs PWR units.

GE and Exelon recently signed an agreement through which GE's entire suite of Predix software applications will be deployed across Exelon Generation's fleet including nuclear facilities.

About GE Hitachi Nuclear Energy

Based in Wilmington, N.C., GE Hitachi Nuclear Energy (GEH) is a world-leading provider of advanced reactors and nuclear services. Established in 2007, GEH is a global nuclear alliance created by GE and Hitachi to serve the global nuclear industry. The nuclear alliance executes a single, strategic vision to create a broader portfolio of solutions, expanding its capabilities for new reactor and service opportunities. The alliance offers customers around the world the technological leadership required to effectively enhance reactor performance, power output and safety. Follow GEH on LinkedIn and Twitter @gehnuclear.

For more information, contact:

Jon Allen
GE Hitachi Nuclear Energy
+1 910 819 2581
jonathan.allen1@ge.com