“Sustained economic growth and job creation in the United States will require a domestic supply of safe, reliable, and cost-effective energy,” said Sen. Rob Portman (OH). “One or more small modular reactors in our state could not only provide this energy need, but would continue to support advanced energy careers in Ohio. I applaud FirstEnergy and Generation mPower for their commitment to advanced energy development and our nation's energy security."About B&W Headquartered in Charlotte, N.C., The Babcock & Wilcox Company is a leader in clean energy technology and services, primarily for the nuclear, fossil and renewable power markets, as well as a premier advanced technology and mission critical defense contractor. B&W has locations worldwide and employs approximately 12,700 people, in addition to approximately 10,400 joint venture employees. Learn more at www.babcock.com . About FirstEnergy FirstEnergy is a diversified energy company dedicated to safety, reliability and operational excellence. Its 10 electric distribution companies comprise one of the nation's largest investor-owned electric systems. Its diverse generating fleet features non-emitting nuclear, scrubbed baseload coal, natural gas, and pumped-storage hydro and other renewables, and has a total generating capacity of nearly 23,000 megawatts. Cautionary Statement Regarding Forward Looking Statements B&W cautions that this release contains forward-looking statements related to the Memorandum of Understanding and GmP’s plans with FirstEnergy thereunder. These forward-looking statements involve a number of risks and uncertainties, including, among other things, that transactions currently contemplated by GmP and FirstEnergy may change materially during further good faith efforts to negotiate a mutually acceptable definitive agreement or that a definitive binding agreement may not be entered into if GmP and FirstEnergy fail to reach agreement on any material term. If one or more of these or other risks materialize, actual results may vary materially from those expressed. For a more complete discussion of these and other risk factors, please see B&W's filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2011. B&W cautions not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.