GE Hitachi Nuclear Energy Seeks to Renew License for World’s OnlyGeneration III Reactor Design in Operation

WILMINGTON, N.C.—December 8, 2010—GE Hitachi Nuclear Energy (GEH) today announced it hassubmitted its application to the U.S. Nuclear Regulatory Commission (NRC) to renew the certificationfor its proven Advanced Boiling Water Reactor (ABWR) technology. Among its benefits, the ABWRdesign provides greater certainty over the costs for building new nuclear power plants.

GEH is seeking to extend the design certification for 15 years beyond June 2012, when its originalABWR certification is set to expire. The application includes an important design update to reflect thecurrent NRC requirement for an aircraft impact assessment.

“The GEH ABWR technology remains the world’s only Generation III design in operation,” said DannyRoderick, senior vice president, nuclear plant projects for GEH. “Our renewal application demonstratesour commitment to the proven ABWR product and our confidence in our long-term growth prospectsas many utilities are still evaluating their future power supply needs, project costs, energy prices andother market factors.”

GEH believes that its 1,350 plus-megawatt ABWR also remains the only Generation III model withproven construction, licensing and operating experience. Four ABWRs are operating in Japan, and theglobal nuclear alliance is building four more units in Japan and Taiwan. "Having ABWRs that have juststarted construction through those in startup for plant operation gives us a wide range of experiencein new plant construction to continue our legacy of over 50 years of building new units around theworld without ever stopping,” Roderick said.

With a single reactor project representing an investment of several billion dollars, a reactor model’scertification status, construction costs and operating experience combined with a supplier’s capabilityto construct, provide fuel for and service these new plants after they are online are among the keyfactors a utility considers before selecting a specific technology.

In 1997, GEH’s ABWR became the first Generation III reactor model to be certified for U.S. construction.More than 13 years later, international construction and operating experience allow GEH to offerutilities maximum project cost and schedule certainty, combined with the latest in Generation III safety features. As a result, “the design is ideally suited for utilities seeking to add near-term nuclearcapacity,” Roderick said.

The NRC must next docket, or accept, GEH’s renewal application to begin its formal review.

About GE Hitachi Nuclear Energy

Based in Wilmington, N.C., GE Hitachi Nuclear Energy (GEH) is a world-leading provider of advancedreactors and nuclear services. Established in June 2007, GEH is a global nuclear alliance created by GEand Hitachi to serve the global nuclear industry. The nuclear alliance executes a single, strategic visionto create a broader portfolio of solutions, expanding its capabilities for new reactor and serviceopportunities. The alliance offers customers around the world the technological leadership required toeffectively enhance reactor performance, power output and safety.

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