Westinghouse and EDF Sign New Long-term Nuclear Fuel Contract

PARIS, December 18, 2014 – Westinghouse Electric Company today announced that it has been awarded a long-term contract to provide several thousand tons of fuel to Electricité de France (EDF) for use in their nuclear reactors in France. This contract will continue the current contract expiring at the end of 2014 and will give Westinghouse the opportunity to go on providing a significant portion of EDF's total nuclear fuel requirements.

Under terms of the contract, Westinghouse will manufacture the fuel at its facilities in Västerås, Sweden; Springfields, U.K. and through the European Fuel Group at the Enusa plant in Juzbado, Spain. The associated field and operation services will be offered via existing Westinghouse French infrastructures. Westinghouse has been an important supplier of fuel to the French nuclear fleet since 2003. Since then, Westinghouse has delivered about 6,000 fuel assemblies to the plants.

Yves Brachet, Westinghouse president for Europe, Middle East and Africa said: "EDF is an important long-standing and valued customer, and we are delighted to continue supporting its fuel program. We believe this most recent order reflects EDF's high confidence in the quality, reliability and competitiveness of Westinghouse fuel.”

“This long-term contract confirms EDF’s confidence in the reliability of Westinghouse fuel and our delivery capabilities worldwide,” said José Emeterio Gutiérrez, senior vice president, Westinghouse Nuclear Fuel. “Westinghouse recognizes the importance of security of supply to global customers and our successful track record in this area continues to provide the assurance customers are looking for in a fuel vendor.”

Westinghouse is a single-source global nuclear fuel provider for pressurized water reactors (PWRs), including Russian-designed VVER reactors, as well as boiling water reactors (BWRs) and advanced gas-cooled reactors (AGRs). Westinghouse today provides nuclear fuel to 145 plants globally, 65 of which are in Europe, and has 10 nuclear fuel manufacturing locations around the world, including two sites in Europe: Springfields Fuels Limited in Preston, Lancashire, U.K. and Westinghouse Electric Sweden in Västerås.

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.