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Shaw AREVA MOX Services and Tennessee Valley Authority Sign Letter of Intent for MOX Fuel Assemblies

Press Release

July 16, 2009

July 16, 2009 

Shaw AREVA MOX Services, LLC, and Tennessee Valley Authority (TVA) executed a Letter of Intent to evaluate the use of mixed-oxide (MOX) recycled nuclear fuel in two or more of TVA’s reactors. Shaw AREVA MOX Services has a contract with the Department of Energy’s National Nuclear Security Administration to process and fabricate excess weapons-grade plutonium into MOX fuel assemblies for use in commercial nuclear reactors.

“We are encouraged by the growing level of interest among American electric utilities in using recycled nuclear fuel in their reactors. Using fuel from Shaw AREVA MOX Services fulfills two important national goals: it reduces the nation’s stockpile of nuclear weapons material and provides a secure fuel supply for producing CO2-free electricity,” said Jacques Besnainou, President of AREVA Inc.

It is expected that contract negotiations could result in execution of an agreement during the summer of 2010. In addition to TVA, several other utilities have expressed interest in using MOX recycled nuclear fuel.

The MOX Fuel Fabrication Facility under construction at the Savannah River Site in South Carolina by Shaw AREVA MOX Services is expected to begin operation in 2016.

Contacts

Jarret Adams
Phone: +1 (306) 343-4637
Email: jarret.adams@areva.com



Véronique Larlham
Phone: +1 (306) 343-4503
Email: veronique.larlham@areva.com