1. 7671-9/06- 1 Nuclear Power Poised for Expansion 7671-9/06- 1 Jimmy Wang Vice President Bechtel Nuclear

2. 7671-9/06- 2 Projected U.S. Energy Demand The U.S. Is Projected to Need 50% more Electricity by 2025 Source: U.S. Department of Energy 19801990 1970 20032015 2025 5,787B kWh 3,839B kWh

3. 7671-9/06- 3  103 nuclear plants  20% of the nation’s electricity U.S. Nuclear Energy—Quick Facts  Displaces 680 million metric tons of CO 2 /yr  Equivalent to 131 million passenger cars/yr

4. 7671-9/06- 4 U.S. Nuclear Drivers  Safety first  Proven performance  Cost effective  Affordable  Energy security and independence  Lowest cost base load generation/grid stability  Emission-free

5. 7671-9/06- 5 U.S. Nuclear Drivers 92%  NRC significant events  Continuously declining  Proven performance  Continuously increasing  Record levels ‘05 Years ‘05 Years

6. 7671-9/06- 6 U.S. Nuclear Drivers  Cost effective  1.68 cents/kWh  Emissions  Emits no GHGs  On par with renewables Years ‘05 Coal Gas Nuclear Hydro Biomass Wind SolarGeo 1.682 ¢/kWh Life Cycle CO 2 Emissions Tons CO2-equiv./GWeh

7. 7671-9/06- 7 Source:Bisconti Research Inc. Increasing Public Support Important for our energy future 83% Keep the option to build nuclear plants 74% Definitely build nuclear plants in future 58% Accept new reactors at nearest plant 69% Favor use of nuclear energy 70% Evidence of U.S. Nuclear Revival 86% of People Within 10 Miles of Existing Nuclear Plants Favor New Nuclear Power Plants

8. 7671-9/06- 8 Delivering Investing in Insuring Reliable Jump Start Transmission Infrastructure Diversity of Fuels Nuclear New Plant Construction R&D Energy Policy Act of 2005 7639-8/06- 8

9. 7671-9/06- 9 Nuclear New Plant Construction R&D  Loan guarantees  Risk assurance  Production tax credit  Price-Anderson  Decommissioning funds  Next generation nuclear plant  Nuclear hydrogen production  Advanced fuel cycle initiative  Nuclear engineering program  Medical isotopes Energy Policy Act of 2005 7639-8/06- 9

10. 7671-9/06- 10 Key Provisions for New Nuclear Plant Construction Loan guarantees80% of project cost  Higher leverage  Lower debt cost Production tax credit$18/MW hr  Through 2021  $125M/1000 MW per year  6,000 MW eligible Risk assuranceDelay protection  $500M for 1 st 2 plants  $250M for next 4 plants Price-AndersonNuclear liability insurance  Reauthorization for 20 years Decommissioning funds Updates for treatment  Allows companies to establish funds and make contributions  Allows transfer of nonqualified funds to qualified funds

11. 7671-9/06- 11 Nuclear R&D—Key Provisions Next generation nuclear plant  $1.25B  Test 2 advanced designs of INL Nuclear hydrogen production  $200M  Demonstrate production of hydrogen Advanced fuel cycle  $580M  More proliferation-resistant fuel University nuclear engineering program  $56M  Recruit and educate students in nuclear science and technology Medical isotope assurance  Clarifies procedures for licensing the export of HEU  Ensure a robust, affordable supply of isotopes to U.S. medical community

12. 7671-9/06- 12 Reactor Designs Being Considered DesignVendorType Design Certification Status ABWRGE NuclearBWRApproved System 80+WestinghousePWRApproved AP 600WestinghousePWRApproved AP 1000WestinghousePWRApproved ESBWRGE NuclearBWR Docketed—December 2005 Certification—2008 EPRFramatome ANPPWRCOL Application—December 2007 Certification—June 2010 Generation III + Generation III

13. 7671-9/06- 13 New Generation in the United States EPR ESBWR AP 1000 ABWR Southern Constellation Dominion SCE&G Entergy Duke Progress Energy TVA FPL STP Amarillo Power TXU Technologies Utilities AREVA NP Westinghouse General Electric

14. 7671-9/06- 14 New Nuclear Plant Players: The Scorecard CompanyApplication StatusPlantTechnology Constellation Energy Plans to submit COL ApplicationAREVA NP’s EPR Plans to submit ESP and COL ApplicationWestinghouse’s AP 1000 Dominion Submitted ESP Preparing COL General Electric’s ESBWR Submitted ESP Preparing COL Application Plans to submit ESP and COL General Electric’s ESBWR Preparing COL applicationWestinghouse AP 1000 Preparing COL application Westinghouse AP 1000 Preparing COL applicationWestinghouse AP 1000 Preparing COL applicationWestinghouse AP 1000 Plans to submit COLTBD Plans to submit COLABWR Plans to submit COLABWR Plans to submit COLTBD Vogtle North Anna Grand Gulf River Bend Harris Bellefonte V.C. Summer Cherokee Calvert Cliffs Nine Mile Point TBD South Texas ABWR South Texas

15. 7671-9/06- 15 Potential New Nuclear Construction Plans CompanySiteDesign Number of ReactorsCOL Application Filing Date Projected Date of Operation DominionNorth Anna (VA)ESBWR2September 2007TBD Duke PowerCherokee (SC)AP 10002Late 2007/Early 2008TBD EntergyGrand Gulf (MS)ESBWR14 th Qtr. 2007/1 st Qtr. 2008TBD EntergyRiver Bend (LA)ESBWR1Early 2008TBD TVA/ SouthernBellefonte (AL)AP 100024 th Qtr. 2007TBD Progress EnergyHarris (NC)AP 10002Late 2007/Early 20082015 Progress EnergyFlorida (TBD)AP 10002Late 2007/Early 20082015 SCE&G/Santee Cooper V.C. Summer (SC)AP 100023 rd Qtr. 20072015 Southern Co.Vogtle (GA)AP 10002March 2008TBD UniStarCalvert Cliffs (MD) Nine Mile (NY) (FL) EPR1 – 4June 2008 and June 20092015 STPSouth Texas (TX)ABWR2June 20082014 Amarillo PowerAmarillo (TX)ABWR2August 20082014 TXUComanche PeakTBD6 Potential Construction 27 – 30

16. 7671-9/06- 16 Summary Estimate of New Nuclear Plants Based on the Design NRC-Centered Approach COLsUnits AP 1000 612 ESBWR 3 4 EPR 2 4 ABWR 2 4 Unspecified 3 6 Total1630

17. 7671-9/06- 17 U.S. Nuclear Industry—First Movers Constellation Calvert Cliffs Southern Vogtle FPL TBD Dominion North Anna TVA/Southern Bellefonte Entergy Grand Gulf Entergy River Bend Progress Energy Florida—TBD Duke/Southern Cherokee Progress Energy Harris SCB&G VC Summer Constellation Nine Mile STP South Texas Amarillo TXU Comanche Peak

18. 7671-9/06- 18 New Reactor Licensing Applications 20122011201020092008200720062005 AP 1000 Program Review ESBWR Program Review Unspecified ABWR Program Review EPR Program Review 2013 Design Cert Design Certification UniStar—Calvert Cliffs (MD) Hearing UniStar—Nine Mile Pt (NY) Hearing Design Certification Dominion—North Anna (VA) Hearing NuStart—Grand Gulf (MS)Hearing Entergy—River Bend (LA) Hearing Unannounced Applicant ESP Hearing Duke—Cherokee (SC)Hearing Progress Energy—Harris (NC) Hearing South Carolina E&G—Summer Progress Energy—TBD (FL) Hearing Southern—Vogtle (GA) Hearing FPL No Site or Vendor Specified Hearing NuStart—Bellefonte (AL)Hearing Amarillo PowerHearing Vogtle ESP Hearing North Anna ESPHearing Grand Gulf ESP Hearing UniStar—EPR—COL 3 Hearing UniStar—EPR—COL 4 Hearing UniStar—EPR—COL 5 Hearing NRG Energy—South Texas Project Hearing Duke ESPHearing Duke ESPHearing Unannounced Applicant COL Hearing Clinton ESPHearing

19. 7671-9/06- 19 Infrastructure Challenges  Skilled and experienced personnel  Architect/engineers and constructors DesignConstruction management EngineeringCraft  Nuclear power plants OperatorsEngineers Project managersRad Protection technicians Long lead times for major components  NSSS suppliers Engineering Design  NRC Engineers for COL reviews Construction inspection personnel  Supply chain  Nuclear grade equipment, components, and materials N-stamp App. B QA program Fabrication capability/capacity Quality issues  Nuclear fuel  Availability with nuclear expansion  Cost Areas of Concern

20. 7671-9/06- 20 Nuclear Power Poised for Expansion 7671-9/06- 20 Jimmy Wang Vice President Bechtel Nuclear