Date: June 10, 2008
Source: EnergySolutions, Inc.
EnergySolutions Signs Second 5-Year Contract With Tennessee Valley Authority (TVA)
EnergySolutions, Inc. (NYSE: ES) announced today it has signed a second waste management agreement with the Tennessee Valley Authority (TVA). This five-year $30 million contract provides liquid radioactive waste management services to the Sequoyah, Watts Bar and Browns Ferry nuclear power plants. This agreement is separate from a recently signed agreement for overall processing and offsite disposal services for TVA.
"Once again we appreciate the confidence shown to EnergySolutions by the Tennessee Valley Authority by selecting us to safely manage its liquid waste," said Steve Creamer, CEO and Chairman of EnergySolutions.
The agreement just signed is for on-site processing of TVA's liquid radioactive waste, as well as cask rental and transportation, spent fuel pool cleanout services, and other associated services.
EnergySolutions offers customers a full range of integrated services and solutions, including nuclear operations, characterization, decommissioning, decontamination, site closure, transportation, nuclear materials management, processing, recycling, and disposition of nuclear waste, and research and engineering services across the nuclear fuel cycle.
Statements in this news release may contain forward-looking statements that involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Forward-looking statements are not guarantees of future performance and the Company's actual results may differ significantly from the results discussed in the forward-looking statements.