April 1, 2008
Norcross, Georgia—Dairyland Power Cooperative (DPC) has awarded NAC International a contract for the design, licensing, and supply of dry spent fuel storage systems. These dry spent fuel storage systems will be used to store the spent fuel at DPC’s shutdown La Crosse Boiling Water Reactor facility in Genoa, Wisconsin.

Placing the spent fuel into dry storage will permit the final decommissioning of the La Crosse facility and restoration of the site. NAC’s contract includes the supply of five NAC Multipurpose Canister System (MPC) storage units, which are licensed for both the storage and transport of spent fuel by the U.S. Nuclear Regulatory Commission. NAC has provided similar dry spent fuel storage systems at three other decommissioned reactor sites.

The new contract will encompass several years of licensing work and dry storage system supply for DPC, including an amendment to the certification of the NAC-MPC System for LaCrosse fuel. The contract also provides for the performance of engineering, delivery of on-site transfer equipment, delivery of transportable storage canisters, and delivery of metal components for, and on-site construction of, concrete casks.

This contract follows a recent award by another utility to supply 20 systems of the new MAGNASTOR® design, NAC’s latest fuel storage technology that builds on the advantages of the NAC-MPC System. The NAC-MPC is a high capacity system for spent fuel from older reactors like La Crosse. As with all NAC technology, the system offers diversity of fabrication and operational advantages that include simple, non-proprietary support equipment and industry-leading, low operational doses. The MAGNASTOR System extends the advantages of the NAC-MPC to more modern plants and is expected to provide improved flexibility, capacity, operations, doses, and economics to address the evolving spent fuel storage and transportation requirements of nuclear utility customers.

“NAC is pleased to be selected to support Dairyland Power Cooperative as it moves its spent fuel into safe, economical dry storage at La Crosse,” said Kent Cole, NAC’s president. “Dairyland’s evaluation and selection emphasized the importance of safe and successful dry storage technology performance. We will work to assure the effective application of NAC’s safe and secure dry storage technology experience, which has been demonstrated at similar plants, to the La Crosse project.”

NAC’s current transportable spent fuel storage technologies are among the most widely deployed multipurpose canister systems in the United States. A total of 259 of these systems have been ordered, and more than 220 have been fabricated, constructed and delivered to utilities. More than 195 of the delivered systems are loaded with spent fuel and deployed at independent spent fuel storage installations (ISFSIs) at U. S. reactors, representing about 35 to 40 percent of the multipurpose canister systems at ISFSIs in the United States. More than 200 of NAC’s systems will be deployed by the end of 2008.

NAC is a strong, diversified company specializing in nuclear fuel transport, spent fuel management technology and fuel cycle consulting. Since 1968, NAC has been a leader in providing solutions and services to the nuclear industry throughout the world, working with both government and commercial organizations. NAC maintains its corporate headquarters in Norcross, Ga., and has international offices in Moscow, London, and Tokyo. NAC is a subsidiary of USEC Inc. (NYSE: USU), a leading supplier of enriched uranium fuel for commercial nuclear power plants.