NEWARK, N.J., Dec. 19, 2002 — PSEG Nuclear is on track to generate more power than ever before from its three nuclear units located in Salem County, New Jersey.
This will be the fifth consecutive year that the company will improve its electrical output. PSEG Nuclear also completed the Salem Unit 1 outage last fall in less than 27 days, a new duration record for the Salem Units.
“Our steady improvement has been achieved through the hard work and dedication of our employees,” said Harry Keiser, PSEG Nuclear President and Chief Nuclear Officer. “We have set our eyes on achieving excellence in safety, reliability and cost effectiveness, and each year we are making progress towards our goal of being among the best in the industry.”
Keiser noted that this sustained improvement is why PSEG Power, the parent company of PSEG Nuclear, has made significant new investments assuring operation of Salem and Hope Creek well into the future. Within the last two weeks, PSEG Nuclear has approved two contracts necessary for continued operation.
Framatome ANP was awarded a contract to supply four steam generators for Salem Unit 2. This contract is an extension of the strategic alliance formed between Framatome ANP and PSEG Nuclear that was announced earlier this year. Construction of the steam generators will begin immediately, with delivery expected in 2006.
“The new steam generators will be installed at Salem Unit 2 and will ensure continued safe and efficient operation,” said Keiser. “The new generators are guaranteed for the life of the station and have engineered solutions to all known degradation issues experienced to date in the industry including design changes, better material, and improved fabrication techniques.” Salem Unit 1 steam generators were replaced in 1997. Steam generator replacements have been completed successfully at more than 40 other locations worldwide.
NAC International was awarded a contract to supply multipurpose dry cask storage casks, its UMS technology, for use at Hope Creek. NAC will also supply ancillary equipment to support the loading and operation of the systems.
“Expanded spent fuel storage is necessary for the continued safe operation of our units,” said Keiser. “When considering vendors for supplying our casks, we only considered companies whose cask systems met the rigorous safety requirements of the Nuclear Regulatory Commission. NAC was selected due to the compatibility of their casks with the specific design limitations of our site. We expect to have the entire program in place to begin moving fuel out of our Hope Creek Spent Fuel Pool by spring 2006.”
NAC has been in the spent fuel storage and transportation business for over 20 years and has manufactured 120 multipurpose dry spent fuel storage systems for customers at their facilities. Their technology offers a high capacity, high quality, very rugged system.
PSEG Nuclear operates the Salem and Hope Creek Nuclear Generating Stations. The three units are located on one site in Salem County.
PSEG Nuclear is a subsidiary of PSEG Power, one of the nation’s largest independent power producers with approximately 13,000 MW of electric generating capacity. Power is a subsidiary of Public Service Enterprise Group Incorporated (PSEG) (NYSE: PEG – News), a diversified energy holding company with more than $25 billion in assets. PSEG’s primary subsidiaries in addition to Power are: Public Service Electric and Gas Company (PSE&G), the oldest and largest electric and gas distribution utility in New Jersey; and PSEG Energy Holdings, a holding company for PSEG’s other non-regulated assets. PSEG has its headquarters in Newark, NJ.