Shaw Areva MOX Services and TVA to evaluate MOX fuel

Baton Rouge, La., July 17, 2009 — The Shaw Group’s Areva MOX Services and the Tennessee Valley Authority (TVA) will negotiate the procurement of mixed oxide fuel (MOX).

MOX fuel is manufactured from surplus weapon-grade plutonium and can be used as a low-cost alternative to power nuclear reactors. MOX Services is a joint venture between Shaw’s Environmental and Infrastructure Group and Areva.

The TVA is evaluating the use of MOX fuel as an alternative in its Sequoyah Nuclear Plant Units 1 and 2 and Browns Ferry Nuclear Plant Units 1, 2 and 3; it also may evaluate use of the fuel in its future nuclear generation projects. MOX Services will continue to collaborate with the TVA in its evaluation process.

MOX Services is under contract with the National Nuclear Security Administration to complete construction of the Mixed Oxide Fuel Fabrication Facility at the Savannah River Site located in Aiken, S.C.

MOX Services is responsible for design, license and full construction of the main facility and all support facilities, cold startup of the MOX facility and continued support of Nuclear Regulatory Commission licensing activities associated with the MOX facility.

Operations at the facility will include removing impurities from surplus weapon-grade plutonium and combining with uranium oxide, forming MOX fuel pellets for use in commercial nuclear power reactors by 2016.

“The MOX project and use of MOX fuel is an important step toward turning 34 metric tons of the nation’s surplus plutonium stockpile–enough for 8,500 nuclear weapons–into useable, low-cost, carbon-free electricity,” said George Bevan, president of Shaw’s Environmental & Infrastructure Group. “MOX Services remains optimistic about these negotiations, and we look forward to reaching an agreement by the summer of 2010.”

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