Christopher Monetta Appointed New President & CEO of Global LaserEnrichment

WILMINGTON, N.C.—December 1, 2010—GE Hitachi Global Laser Enrichment (GLE), abusiness venture of GE, Hitachi and Cameco, has appointed Christopher J. Monetta asits new president & CEO, as the company continues developing its next-generation,laser-based uranium enrichment technology.

Monetta previously served as senior vice president of advanced programs, nuclear fuelcycle, for GE Hitachi Nuclear Energy (GEH). He replaces former president and CEOTammy Orr, who has been appointed as GEH executive director, strategic marketingand competitive analysis as the company continues expanding its new reactorprojects, plant and fuel services business presence in key international markets. Orr hasmade this decision in order to spend more time with her family.

GLE is developing the new “Generation III” process to create a secure and reliablesupply of enrichment services in the coming decades for U.S. and international nuclearpower plants. The technology involves the use of lasers to separate uranium isotopes,allowing the enriched uranium to be used to fuel nuclear power plants.

“Chris has the valuable combination of nuclear fuel cycle expertise and understandingof international non-proliferation requirements to build on the important foundationestablished under Tammy Orr’s leadership,” said Kevin Walsh, senior vice president,nuclear fuel cycle for GE Hitachi Nuclear Energy.

Walsh noted GLE’s commitment to the technology remains strong as the companycontinues to make progress on its goal to commercialize the process.

During his tenure with GEH, Monetta has led the development of other fuel cycletechnologies, including production of isotopes in existing power reactors and a moreproliferation-resistant method to produce medical isotopes for U.S hospitals andresearchers. He also has overseen GEH’s operation of the company’s independentspent fuel storage facility in Morris, Ill., and the Vallecitos Nuclear Center in California.

Prior to launching the advanced programs group within GEH, Monetta served as thecompany’s leader for environment, health and safety (EHS), with responsibilitiesincluding nuclear safety, radiological safety, material control and accounting, facility licensing and security functions at nuclear facilities in the United States, Canada andJapan.

Monetta previously worked for Lockheed Martin before joining GE at Knolls AtomicPower Laboratory/Kesselring Site in New York, where he was plant manager for the D1Gand S8G nuclear reactors. He earned a bachelor’s degree in chemistry from VillanovaUniversity.

He also has prior experience in nuclear fuel manufacturing at the Savannah River SiteNaval Fuel Manufacturing Facility in South Carolina, where he was a senior productionengineer and shift manager engaged in the manufacture of highly enriched fuel for theU.S. Naval Reactors Program. Additional nuclear experience includes service in the U.S.Navy Nuclear Propulsion Program as a nuclear officer on USS Long Beach (CGN-9) andas a staff instructor at the DIG Nuclear Prototype. While in the Navy, Chris qualified aschief engineer of a multi-reactor ship and as surface warfare officer.

About Global Laser Enrichment

GLE, a business venture of GE, Hitachi and Cameco, is developing a next-generation,laser-based technology for commercial application in enriching uranium for fuel usedby nuclear power stations. A GLE commercial enrichment facility would create areliable, long-term supply of enrichment services for nuclear power plants to meet thechallenges of energy security, climate change and increased demands for power.

For more information, contact:

Michael Tetuan
GE Hitachi Nuclear Energy
+1 910 819 7055

michael.tetuan@ge.com

Tom Murnane or Howard Masto
Masto Public Relations
+1 518 786 6488

tom.murnane@mastopr.com

howard.masto@ge.com