Westinghouse Continues to Serve Leibstadt Nuclear Power Station Fuel Needs in Switzerland

BRUSSELS – December 10, 2013 – Westinghouse Electric Company today announced that Kernkraftwerk Leibstadt AG has decided to extend its fuel contract with Westinghouse for manufacturing and delivery of reload fuel to the nuclear power plant in Leibstadt, Switzerland. As a result of the decision, the existing contract (including five reload deliveries in the years 2011-2015) is extended for two additional reload deliveries in 2016 and 2017.

Under the terms of the contract, executed by Westinghouse Electric Sweden AB, Westinghouse will manufacture the fuel assemblies at its facility in Västerås, Sweden.

Westinghouse Vice President and Managing Director for Northern Europe Johan Hallén, said, “We believe this contract extension reflects Leibstadt's high confidence in the quality and reliability of Westinghouse fuel. Westinghouse has been an important supplier of fuel to Leibstadt nuclear power station since 1990.”

Westinghouse is a single-source fuel provider for pressurized water, boiling water and advanced gas-cooled reactors globally and has fuel manufacturing locations around the world, including two sites in Europe: Springfields Fuels Limited (Preston, Lancashire, U.K.) and Westinghouse Electric Sweden (Västerås, Sweden). Westinghouse is currently providing fuel for 147 nuclear power plants worldwide.

Westinghouse Electric Company, a group company of Toshiba Corporation (TKY:6502), is the world's pioneering nuclear energy company and is a leading supplier of nuclear plant products and technologies to utilities throughout the world. Westinghouse supplied the world's first pressurized water reactor in 1957 in Shippingport, Pa., U.S. Today, Westinghouse technology is the basis for approximately one-half of the world's operating nuclear plants, including more than 50 percent of those in Europe.