westinghouse ameren collaboration

8/2/2019 Westinghouse Ameren Collaboration

1/14

1

1

Energy Security and Economic

Development Opportunityfor the State of Missouri

DOE Investment Fund for Small Modular Nuclear Reactor

Development and Licensing

APRIL 19, 2012


2/14

2 Energy Security and Economic DevelopmentOpportunity for the State of Missouri || April 2012

AMEREN MISSOURI OVERVIEW

Regulated electric generation, transmissionand distribution; gas distribution

~1.2 million electric and 127,000 gascustomers

~10,400 megawatts (MW) of generation

Low-cost 6,600 MW base load coal-fired

and nuclear fleet

~24,000 square miles of service territory

~2,900 miles of electric transmission lines

~33,000 miles of electric distribution lines

Reliable energy supply

Low customer rates


3/14


On March 22, the Department of Energy (DOE) announced $452 million inpotential investment funds to support design and commercialization ofAmerican-made Small Modular Nuclear Reactors

Initiative for United States to become the world leader in design,development and manufacturing of SMR technology

Investment funds may be awarded to up to two SMR technology vendors

and utility alliances 50/50 cost sharing for design certification and obtaining a Combined

Construction and Operating License (COL) from the Nuclear RegulatoryCommission (NRC)

Requires applicants to include a plan with a plant in-service date in 2022timeframe

Applications are due May 21, 2012

Expected DOE decision Summer of 2012

DOE INVESTMENT FUND ANNOUNCEMENT


4/14


SMR PROGRAM GOALS & OBJECTIVES

TheSMRProgramencouragesU.S.industrytocompeteintheglobalmarketplacebyremovingvariousbarrierstoreactordeploymentandtoacceleratedevelopmentbecauseDOEanticipatesthatNRCdesigncertificationwillresultinacompetitiveadvantageoverdesignsbeingdevelopedinothercountries.


5/14


COLLABORATION IN SUPPORT OF DOE APPLICATION

Westinghouse approached Ameren Missouri and Missouris cooperative, municipaland investor-owned electric service providers and key leaders in Missouri to supportWestinghouse in its application to the DOE for SMR investment funds

Westinghouse and Missouris electric service providers have agreed to support theDOE application

Roles of collaboration participants:

Ameren Missouri will be the first utility in the country to seek a COL for aWestinghouse SMR from the NRC if DOE application is successful (this does not

create an obligation to build a plant) Westinghouse will seek design certification for their SMR design from the NRC

and submit an application to the DOE in pursuit of SMR investment funds

Missouris electric service providers will support Westinghouses SMR DOE

application for investment funds Westinghouse will explore economic development opportunities in Missouri in the

areas of SMR related training, design, manufacturing and university research andeducation programs


6/14


WHAT IS A COL?

A Combined Construction and Operating License (COL) is a licensefrom the NRC that permits (but does not obligate) a company toproceed with construction of a nuclear plant technology at a particularsite

The license is valid for 40 years, and can be renewed for anadditional 20 years

Includes work necessary for an early site permit, which verifies that aplant would be suitable for a nuclear power plant in the future

The COL review process takes up to four years from the date ofapplication and costs approximately $90-$100 million (excludingbenefits from potential DOE funding)


7/14


WESTINGHOUSE WORLD TECHNOLOGY LEADER

More than 15,000 People in 18 Countries Around the World


8/14


More than 60 years of nuclear experience

Dedicated experts in all aspects of reactor design, licensing,operations and plant maintenance

AP1000 design: The first and only U.S.-licensed large passivesafety reactor

State-of-the-art patented technologies and proprietary passive safety

systems and technology

WESTINGHOUSE NUCLEAR TECHNOLOGYEXPERTISE


9/14


10/14


Redundant independent safety systems implemented best practices from previous plantdesigns

Numerous safety systems have built-in automaticfeatures that do not require operator action or accessto off-site power for safe shut down

Simplified design minimizes number of pipes, valvesand other major equipment required for safe operation

Below grade containment and spent fuel pool additional protection from aircraft attack and natural

disasters

WESTINGHOUSE SMR ENHANCED SAFETYFEATURES


11/14


WHY MISSOURI?

Why Westinghouse selected Missouri:

Strong nuclear operator with an excellent site for development

Expertise to support and obtain COL

Unprecedented alliance of electric energy providers

Investment and supportive actions to date for new nuclear development

Strong support from key state and federal policymakers, includingGovernor Nixon, Senator Kehoe, Representative Riddle, Senator Bluntand Senator McCaskill

Broad public support, including labor, suppliers, businesses, etc.

Ideal location to develop global component manufacturing base Strong university nuclear engineering programs


12/14


WHAT THIS OPPORTUNITY MEANS FOR MISSOURI

Continues to preserve nuclear power as an effective option to meet Missouris long-term energyneeds in light of aging infrastructure and significant environmental regulation uncertainties

Positions Missouri to move forward in a timely fashion should conditions be right to build aWestinghouse SMR

Tremendous opportunity to obtain DOE investment funding to save Missouri constituents millions ofdollars related to design certification and licensing

Transformational economic development potential

First to market mover

SMR component manufacturing Engineering and design center

Plant construction

Training

Ability to leverage expertise and expand nuclear programs within University of Missouri System (in

particular Columbia and Rolla) and at vocational schools Should DOE application be denied, pursuit of an early site permit remains a viable option

Current legislative effort would be put on hold due to recent developments

Better positioned to determine future legislative needs after DOE decision


13/14


An unprecedented alliance including all of Missouris electric service providers supportWestinghouses investment fund application to DOE:

Strong support of Governor Nixon and federal and state legislative leaders

Additional state-wide supporters include the University of Missouri, Labor Unions,Local Chambers of Commerce, Trade Associations and others

Westinghouse has obtained additional utility support from across the nation

STRONG STATEWIDE SUPPORT


14/14


QUESTIONS?

westinghouse ameren collaboration

Documents