Nuclear

Westinghouse receives control rod order for Browns Ferry Unit 1

PITTSBURGH, and VASTERAS, Sweden, March 5, 2003 — Westinghouse Electric Company’s Nuclear Fuel unit in Vasteras, Sweden received an order for 185 control rods for Tennessee Valley Authority’s (TVA) Browns Ferry Unit 1 in Huntsville, Alabama.

The order adds to a previous long-term contract with TVA to supply control rods for Browns Ferry Units 2 and 3, which Westinghouse received in 2002. The total order now stands at approximately $12 million. Delivery will begin this year and finish in 2008.

The contract with TVA is also the latest in a series of orders from the United States for Westinghouse Sweden. Westinghouse Sweden also supplies control rods for nuclear plants owned by Progress Energy Carolinas and Exelon, the prevalent owner of boiling water reactors in the U.S.

These contracts, as a whole, make the U.S. the largest market for Westinghouse control rods, manufactured in Vasteras, Sweden. The remaining market for Westinghouse control rods is mainly in Europe, with Westinghouse supplying control rods to nuclear plants in Sweden, Finland, Germany, Switzerland and Spain.

Westinghouse Electric Company, wholly owned by BNFL plc of the United Kingdom, is a global nuclear power company and a supplier of nuclear plant products and technologies to utilities throughout the world.

Today, Westinghouse technology is the basis for approximately one- half of the world’s operating nuclear plants.