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Charah Solutions Announces Contract Extension From Exelon To Provide Multi-Site Nuclear Maintenance And Technical Services

Allied Power Division to Continue Providing Maintenance and Modification Services at 12 Sites and 21 Units in Four States Renewal Extends Existing Contract Through Mid-August 2025, With an Option for an Additional

Benzinga · 08/24/2020 13:07

Allied Power Division to Continue Providing Maintenance and Modification Services at 12 Sites and 21 Units in Four States
Renewal Extends Existing Contract Through Mid-August 2025, With an Option for an Additional Five-Year Extension

LOUISVILLE, KY / ACCESSWIRE / August 24, 2020 / Charah® Solutions, Inc. (NYSE:CHRA) (the "Company"), a leading provider of environmental and maintenance services to the power generation industry, today announced that its Allied Power division has signed a multi-year contract extension for nuclear maintenance and technical services with Exelon Generation Company, LLC, the largest owner and operator of nuclear plants in the United States and the largest producer of emissions-free energy.

Allied Power will provide maintenance and modification services for twelve (12) Exelon nuclear plants and 21 units in four states as well as fleet wide staff augmentation services through mid-August 2025, with an option for a five-year renewal. Allied Power's services are designed to support Exelon's objectives for safe, event-free outage and operational performance at Exelon's sites in Illinois, Maryland, New York and Pennsylvania.

According to Scott Sewell, Charah Solutions President and CEO, "Charah Solutions is nationally recognized in the power generation industry as a total solutions company, providing top quality service and innovation to meet the evolving and increasingly complex needs of our utility clients. Our Allied Power division provides a broad platform of mission-critical professional, technical and craft services spanning the entire life cycle of the nuclear power generator and we are delighted to extend our relationship with Exelon to meet their nuclear maintenance needs."

"As one of the largest nuclear maintenance and technical services providers in the country, we are pleased to renew this extensive services contract with the nation's leader in nuclear power generation and look forward to bringing meaningful value to Exelon and their customers for many years to come," added Ron McCall, CEO of Allied Power.

Dean Sack, Senior Vice President of Maintenance - Nuclear, added, "This renewal demonstrates the operational excellence of the Allied Power and Exelon alliance relationship. It is a great testament to the quality work that our Nuclear Services team provides."