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AREVA Led Team Selected by Eddy Lea Energy Alliance LLC to Develop Interim Consolidated Storage Facility

Press Release

October 05, 2012

Bethesda, MD, October 5, 2012 – An AREVA-led team of companies is pleased to have been selected by the Eddy Lea Energy Alliance, LLC (ELEA) as their commercial partner to begin developing the concept of a used nuclear fuel (UNF) Consolidated Storage Facility in southeastern New Mexico.

AREVA and ELEA will now negotiate a Memorandum of Understanding to develop the contractual framework for moving forward with the potential development of the site. The AREVA team brings considerable experience in the safe management of used nuclear fuel, as well as nuclear licensing, permitting, design, construction and operations experience in New Mexico.

“AREVA salutes ELEA for offering a potential solution to America’s stalled UNF management program. AREVA supports the implementation of a sustainable and safe used fuel management strategy for the U.S., and we believe that current and future used nuclear fuel inventories require an integrated approach, including centralized interim storage, recycling and ultimate disposal,” stated David Jones, AREVA Executive Vice President for Back End services, “AREVA remains committed to continuing its ongoing engagement with states and communities interested in potentially hosting used fuel management facilities.”

AREVA will also include the expertise of AREVA Federal Services, LLC and Transnuclear Inc. to offer total system solutions for used fuel/radioactive waste management, and comprehensive transportation services for the entire nuclear fuel cycle.

Contacts

Michael French
Tel.: (301) 841-1702
michael.french@areva.com

More About AREVA

AREVA provides its customers with solutions for low-carbon power generation in North America and all over the world. As the leader in nuclear energy and a significant, growing player in the renewable energies sector, AREVA combines U.S. and Canadian leadership, access to worldwide expertise and a proven track record of performance. Sustainable development is a core component of AREVA’s strategy. Its more than 4,000 U.S. and Canadian employees work every day to make AREVA a responsible industrial player helping to supply ever cleaner, safer and more economical energy to the greatest number of people. AREVA Inc. is headquartered in Bethesda, Maryland. Visit us online at http://us.areva.com and follow us on Twitter: @AREVAinc.

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