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Judge Prohibits the Acquisition of Waste Control Specialists by EnergySolutions

SALT LAKE CITY, June 21, 2017 (GLOBE NEWSWIRE) -- EnergySolutions, Inc., a wholly owned subsidiary of Energy Capital Partners, LLC (ECP), today announced that the U.S. District Court for the District of Delaware issued a decision prohibiting the sale of Waste Control Specialists (WCS) to EnergySolutions.

“We believe this acquisition was in the best interest of the long-term waste disposal needs for the nuclear industry, so we are disappointed with today’s decision that prevents EnergySolutions from acquiring Waste Control Specialists,” said David Lockwood, President and CEO of EnergySolutions.

The judge’s decision follows a two-week trial that resulted from the U.S. Department of Justice filing a lawsuit to prevent the acquisition.

Lockwood added, “While this acquisition would have added a Class B and C Low-Level Radioactive Waste disposal facility to our portfolio, we remain confident in our capability as a company to lead the industry in radioactive waste management and decommissioning. We look forward to working with WCS to best serve the interests of our customers.”

About EnergySolutions

EnergySolutions offers customers a full range of integrated services and solutions, including nuclear operations, characterization, decommissioning, decontamination, site closure, transportation, nuclear materials management, processing, recycling, and disposition of nuclear waste, and research and engineering services across the nuclear fuel cycle. For additional information about EnergySolutions visit www.energysolutions.com.

For additional information please contact Mark Walker mwalker@energysolutions.com 801-231-9194

Source: EnergySolutions