Global Nuclear Fuel secures $100 million extension with Entergy

Global Nuclear Fuel (GNF) said on Monday that it has secured a $100 million contract extension with Entergy to fuel the utility's boiling-water reactors through 2021.

GNF is a joint venture between General Electric; Hitatchi, Ltd.; and Toshiba Corp.

The extension covers eight fuel reloads at Entergy's four boiling-water reactors: River Bend, Pilgrim, Grand Gulf and FitzPatrick.

“This extended period of fuel reloads will allow us to continue to bring value to Entergy’s operations and is a sign of the continued confidence the utility has in GNF,” Amir Vexler, chief operating officer of GNF-Americas, said.

Entergy and GNF have a long-standing relationship. GNF and its predecessor, the nuclear-fuel unit of GE, have provided several fuel reloads for Grand Gulf and River Bend, and was the exclusive provider for Pilgrim and FitzPatrick when they became operational in the 1970s.

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