Westinghouse Awarded Replacement Fuel Contract for Forsmark 1 and Ringhals 3

BRUSSELS – March 13, 2013 – Westinghouse Electric Company today announced that it has been selected by Vattenfall Nuclear Fuels AB in Sweden to provide replacement fuel deliveries for the Forsmark 1 and Ringhals 3 nuclear power plants in 2015 and with an option for additional deliveries in 2016.

Under terms of the contract executed with Westinghouse Electric Sweden AB, Westinghouse will produce the fuel at its fabrication facility in Västerås, Sweden. Westinghouse has been one of the main suppliers of fuel to the Forsmark and Ringhals nuclear power plants since 1973. Since then, Westinghouse has delivered about 11,500 fuel assemblies to the plants. Only just recently, Westinghouse was awarded replacement fuel contracts for Forsmark Units 1 and 2 and Ringhals Units 2, 3 and 4 nuclear power plants in 2009 for the period 2011 to 2014.

Westinghouse Vice President and Managing Director for Northern Europe, Johan Hallén, said, “Vattenfall Nuclear Fuel 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 Vattenfall Nuclear Fuel's high confidence in the quality, reliability and competitiveness of Westinghouse fuel.”

Forsmark 1 is a 995 MW boiling water reactor (BWR) and was designed by ASEA-ATOM, which was acquired by Westinghouse in 2000. Vattenfall owns 66 percent of Forsmark and E.ON and Mellansvensk Kraftgrupp are minority owners with stakes of 8.5 percent and 25.5 percent respectively. It is located on the east coast of Uppland, Sweden. Ringhals 3 is a 1063 MW pressurized water reactor (PWR) and was manufactured by Westinghouse. Ringhals is owned jointly by Vattenfall (70.4 percent) and E.ON Kärnkraft Sverige AB (29.6 percent). It is situated about 60 kilometers south of Gothenburg.

Westinghouse Nuclear Fuel is a single-source fuel provider for pressurized water reactors (PWRs), boiling water reactors (BWRs) and advanced gas-cooled reactors (AGRs) worldwide. Westinghouse Nuclear Fuel has 10 manufacturing locations around the world, including two manufacturing sites in Europe: Springfields Fuels Limited (Preston, Lancashire, U.K.) and Westinghouse Electric Sweden (Västerås, Sweden). Westinghouse is currently fueling 153 PWR/BWR 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.