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GE Agreement with Constellation Energy Nuclear Group Focuses on Long-Term Safety and Reliability at Nine Mile Point Nuclear Sta

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^{Published in Business and Finance on Friday, June 11th 2010 at 6:35 GMT by Market Wire}  

ATLANTA--([ BUSINESS WIRE ])--Safe and reliable production of nuclear power continues to be a cornerstone of the nationa™s quest to reduce carbon dioxide emissions. Targeting the efficient and reliable operation of its Nine Mile Point Nuclear Station in Scriba, N.Y., over the next several decades, the Constellation Energy Nuclear Group (CENG) has signed a long-term services agreement with GE (NYSE: GE).

"We are excited to continue this relationship and help provide efficient solutions for CENG. a"

Extending the reliable service of existing U.S. nuclear plants is critical to meeting the countrya™s growing cleaner energy demands. The GE-Constellation long-term agreement (LTA) is designed to help Nine Mile Point, a two-unit, boiling water reactor (BWR) nuclear plant, successfully operate through its Unit 1 and Unit 2 license extensions to 2029 and 2046, respectively.

The LTA will cover key nuclear instrumentation and associated technical services at the plant, and features products from the Reuter Stokes Measurement Solutions product line. Under the multi-year, multi-outage agreement, GE provides nuclear plant owners with a supply of critical parts, inventory management, and technical services.

The services provided under the LTA are designed help plant owners fine-tune the operations of their plantsa"to help them run their plants asmarteraa"by utilizing the tools and a relationship to facilitate knowledge sharing, root cause analysis and project management.

The CENG and GE teams worked collaboratively to develop a cost-effective support package structured to maximize signal path reliability of the Neutron Monitoring System. Under the terms of the agreement, GE will provide its full suite of reactor power monitoring instrumentation, including its most advanced Local Power Range Monitor (LPRM) sensor, and associated technical service expertise. With the signing of this agreement, GE now has long-term contracts in place with the majority of the BWRs in North America for the supply of nuclear instrumentation and/or technical services.

aThe global energy landscape is undergoing change and requires more flexible, responsive service approaches and more cooperative efforts in which we partner with customers to deliver value. This LTA can help Constellation Energy Nuclear Group operate efficiently by contributing to their financial and technical performance, while decreasing their inventory and schedule risk,a said Leo VanderSchuur, general manager of GEa™s Reuter Stokes Measurement Solutions product line. aWe are excited to continue this relationship and help provide efficient solutions for CENG. a

With more than 50 years of industry experience, GEa™s Reuter Stokes product team is dedicated to product innovation, exceptional service and cutting-edge technology in its nuclear instrumentation. Having developed a complete line of Reuter Stokes in-core and ex-core sensors for BWR and PWR applications, GE is the global supplier for dependable and accurate nuclear sensors.

About GE

GE (NYSE: GE) is a diversified infrastructure, finance and media company taking on the worlda™s toughest challenges. From aircraft engines and power generation to financial services, health care solutions, and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's website at [ www.ge.com ].

GE serves the energy sector by developing and deploying technology that helps make efficient use of natural resources. With nearly 85,000 global employees and 2009 revenues of $37 billion, GE Energy [ www.ge.com/energy ] is one of the worlda™s leading suppliers of power generation and energy delivery technologies. The businesses that comprise GE Energya"GE Power & Water, GE Energy Services and GE Oil & Gasa"work together to provide integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels.