Westinghouse Non-Proprietary Class 3 © 2015 Westinghouse Electric Company LLC. All Rights Reserved.

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Danny RoderickPresident and CEOWestinghouse Electric Company

ICONE-23May 18, 2015

Nuclear Power: Reliable Global Energy

AP1000 is a trademark or registered trademark of Westinghouse Electric Company LLC, its affiliates and/or its subsidiaries in the United States of America and may be registered in other countries throughout the world. All rights reserved. Unauthorized use is strictly prohibited. Other names may be trademarks of their respective owners.

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Westinghouse Non-Proprietary Class 3 © 2015 Westinghouse Electric Company LLC. All Rights Reserved.

Energy Trends and ProjectionsOver time the electricity mix gradually shifts to lower-carbon options, led by growth in nuclear energy, renewables and gas-fired generation.

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Westinghouse Non-Proprietary Class 3 © 2015 Westinghouse Electric Company LLC. All Rights Reserved.

Why Nuclear Energy?• Meets policy goals to reduce

greenhouse gas emissions• Highly reliable and safe

baseload power source• Stable fuel price• Competitive costs• Supply security• Fuel diversity• Large number of well-paying

jobs and an anchor of thelocal economy

Photos © Georgia Power Company; South Carolina Electric & Gas Company; Sanmen Nuclear Power Company Ltd.; Shandong Nuclear Power Company Ltd. All rights reserved.

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Westinghouse Non-Proprietary Class 3 © 2015 Westinghouse Electric Company LLC. All Rights Reserved.

Nuclear Energy Today: A Snapshot• Plants in Operation

– Worldwide: 437 reactors,11% of electrical output

– United States: 99 reactors,19% of electrical output

• Plants Under Construction– 65 units in 14 countries

© Eletrobrás|Eletronuclear. All rights reserved.

Angra – Rio de Janeiro, Brazil

© Pacific Gas and Electric Company. All rights reserved.

Diablo Canyon – Avila Beach, California

Source: WNO 4/15

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Westinghouse Non-Proprietary Class 3 © 2015 Westinghouse Electric Company LLC. All Rights Reserved.

Nuclear Power Units Under Construction

*Sources: IAEA + WNO 4/15 **Source: WNA 3/13

ChinaRussia

India

South KoreaUnited States

Belarus

Slovakia

Japan

Pakistan

BrazilFinland

20 25 30

239

6

45

2

3

22

UAE 3

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• 65 new units under construction*

• 160 new units planned**

France 1

Argentina 1

0 5 10 15

Taiwan (China) 2

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Westinghouse Non-Proprietary Class 3 © 2015 Westinghouse Electric Company LLC. All Rights Reserved.

• Passive safety replaces mechanical and electrical systems – harnesses natural forces like gravity, convection and condensation to achieve safe shutdown

• Strong licensing pedigree based on reviews in multiple countries; first Generation III+ reactor to receive design certification from the U.S. NRC

• Simplified design and modular construction provide a plant that is easier and less expensive to build, operate and maintain

Westinghouse AP1000® Plant: Safe, Simple and Standardized

AP1000 Plant Site at Sanmen, China ©Sanmen Nuclear Power Company Ltd. All rights reserved.

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Westinghouse Non-Proprietary Class 3 © 2015 Westinghouse Electric Company LLC. All Rights Reserved.

Sanmen Site Progress: Time Lapse View

Photos © Sanmen Nuclear Power Company Ltd.

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Westinghouse Non-Proprietary Class 3 © 2015 Westinghouse Electric Company LLC. All Rights Reserved.

Nuclear Generation Growth - Market Concentration

Source: Westinghouse Technical Seminar. 3/15Prof. Igor Pioro, Univ. of Ontario Inst. of Technology

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Westinghouse Non-Proprietary Class 3 © 2015 Westinghouse Electric Company LLC. All Rights Reserved.

Nuclear Generation Growth - Market Concentration

Source: Westinghouse Technical Seminar. 3/15Prof. Igor Pioro, Univ. of Ontario Inst. of Technology

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Westinghouse Non-Proprietary Class 3 © 2015 Westinghouse Electric Company LLC. All Rights Reserved.

Critical Decisions to Be Made

• Energy needs must be addressed with environmentally responsible solutions

• Policies need to recognize the strategic role of nuclear globally– Carbon reduction– Electric system reliability – Economic growth– Technology leadership– Energy security

Nuclear Energy Matters

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What Does the Future Hold?

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Westinghouse Non-Proprietary Class 3 © 2015 Westinghouse Electric Company LLC. All Rights Reserved.

Thank you!