EnergySolutions Signs 5-Year Contract With Tennessee Valley Authority (TVA)

EnergySolutions, Inc. (NYSE: ES) announced today it has signed a waste management agreement with the Tennessee Valley Authority (TVA). The five-year $24 million contract provides waste management disposal services to the Sequoyah, Watts Bar and Browns Ferry nuclear power plants and the Western Area Radiological Lab.

"We appreciate the confidence of the Tennessee Valley Authority for EnergySolutions to safely process and dispose of its radioactive material," said Steve Creamer, CEO and Chairman of EnergySolutions. "By utilizing our facilities and technology, TVA can be assured this material is properly managed and safely disposed of."

The agreement is a follow-on for the previous five-year contract with TVA for similar services. EnergySolutions' Bear Creek facility in Tennessee will incinerate, volume reduce, compact and package materials for transportation and disposal.

EnergySolutions offers customers a full range of integrated services and solutions, including nuclear operations, characterization, decommissioning, decontamination, site closure, transportation, nuclear materials management, the safe, secure processing, recycling, and disposition of nuclear waste, and research and engineering services across the nuclear fuel cycle.

Statements in this new release may contain forward-looking statements that involve risks and uncertainties. Many of the forward-looking statements are located in "Management's Discussion and Analysis of Financial Condition and Results of Operations." 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 can also be identified by words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "predicts," and similar terms. 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. We undertake no obligation to revise or update any forward-looking statements for any reason, except as required by law.

For more information please contact: Mark Walker 801-649-2194 Email Contact