Westinghouse Electric Company has signed a nuclear fuel contract extension with PSEG to continue providing fuel assemblies for both units at the Salem Nuclear Generating Station.
“Westinghouse has been the single-source fuel provider for PSEG’s Salem plant since its start of operations more than 40 years ago, and we are pleased to continue to support this important and long-standing customer through the delivery of safe, reliable high-performance fuel,” said David Howell, president, Americas Region, and chief growth officer at Westinghouse. “This continued partnership is recognition of our reliable fuel performance and confirmation of the important trust PSEG has in Westinghouse.”
Terms of the deal, including its length, were confidential, according to a Westinghouse spokesperson.
Fuel supply deals for nuclear plants are being closely watched as financial pressures build on aging nuclear power plants. Delmarva Power owner Exelon, earlier announced plans to shut down the Three Mile Island complex.
The Salem complex has been in the news in Delaware, due to plans by grid operator PJM to run a power line into Delaware as a way to provide more stability for power coming out of the complex across the river from the First State.
The cost formula calls for ratepayers in Maryland and Delaware to bear the brunt of the power line’s costs, while deriving little benefit.
The RFA-2 fuel assemblies for the Salem Nuclear Generating Station will continue to be manufactured at Westinghouse’s Columbia Fuel Fabrication Facility in Columbia, SC.
