Global Nuclear Fuel Awarded $100+ Million Contract Extension

Agreement Extends GNF Fueling of Entergy's Boiling Water Reactor Fleet Entergy has extended a contract with Global Nuclear Fuel (GNF) to fuel the utility's fleet of boiling water reactors through 2021. The agreement is for eight fuel reloads — two at each of Entergy's boiling water reactors: FitzPatrick, Grand Gulf, Pilgrim and River Bend. The total value of the contract extension is more than $100 million. "This extended period of fuel reloads will allow us to continue to bring value to Entergy's operations and is a sign of the continued confidence the utility has in GNF," said Amir Vexler, Chief Operating Officer of GNF-Americas. GNF has a long-standing relationship with Entergy. GNF and its predecessor, the nuclear fuel division of GE, have provided several fuel reloads for Grand Gulf and River Bend and have exclusively fueled Pilgrim and FitzPatrick since the plants became operational in the 1970s. In 2008 Entergy became the first utility to install reloads of the GNF2 fuel design. This spring, Entergy installed test assemblies for the latest GNF fuel design, GNF3, in the River Bend plant. Based on evolutionary design changes and advanced technology developed by GNF, the GNF3 fuel assembly design will provide customers with improved fuel economics, increased performance and flexibility in operation while maintaining the superior reliability of GNF2, the most reliable design in GNF's history. Fuel for the Entergy plants will be fabricated by GNF at its state-of-the-art facility in Wilmington, N.C.