National Enrichment Facility to Expand

21/11/2008

21 November 2008

Louisiana Energy Services (LES) today announced plans to pursue expansion of the National Enrichment Facility from its current planned size of 3 million separative work units (SWU) to 5.9 million SWU. As currently configured, the National Enrichment Facility will provide the equivalent of 25% of the total US nuclear reactor fuel demand. By doubling its capacity, the facility will provide even greater energy independence for America.

LES’ total investment will be over $3 billion for the National Enrichment Facility project and it will be able to provide approximately 50% of US enrichment demand. The expansion will result in the retention of approximately 350 construction jobs through the end of 2014.

LES President and CEO Reinhard Hinterreither said, “When LES started its project it was based on a commitment on the part of its customers to use the services that LES would provide. We are proud to see that our customers’ belief in the successful operations of LES has led them to increase their service requirements to LES which gives us the background to increase its overall capacity. LES began examining the business case to pursue an expansion of its plant in Lea County several months ago. That business case depends on several factors: commitments from utility customers, availability of investment capital, long term stability of the US enrichment market, community support, and rests on the approval of state and federal regulatory agencies and the URENCO Board.”

Hinterreither went on to say, “LES appreciates the generous support of the people of this community. We will continue to hold firm to our commitment to be a strong corporate citizen. LES, the National Enrichment Facility and its 244 full-time employees are proud to call Lea County and the surrounding area home.”

LES is a US limited liability company, formed to license, construct, and operate the National Enrichment Facility. LES will operate the nation’s most efficient and advanced uranium enrichment facility and will provide a secure domestic enrichment supply source to US nuclear energy companies.

Contact:

LES: Clint Williamson  +1 505-975-3335
Europe: Jayne Hallet    +44-1628-486-941

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