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WESTINGHOUSE, ADVANCED REACTOR CORPORATION SIGN CONTRACT

 PITTSBURGH, March 31 /PRNewswire/ -- Westinghouse Electric Corporation (NYSE: WX) and the Advanced Reactor Corporation (ARC), a group of 16 leading U.S. utilities formed to support development of new nuclear plant designs, signed a contract yesterday to invest $158 million over the next five years in the detailed engineering needed to build America's first advanced, naturally-safe nuclear power plant.
 The advanced plant is the Westinghouse AP600, a standardized 600- megawatt pressurized water reactor design. It uses proven, state-of- the-art components, reconfigured to create a new generation of simplified, naturally-safe plants.
 A majority of the $158 million first-of-a-kind engineering fund for the AP600 will be provided to Westinghouse by the 16 ARC utilities and the U.S. Department of Energy. Westinghouse and its associates will provide the remainder, said Nathaniel D. Woodson, vice president and general manager of Westinghouse Energy Systems.
 "This contract will result in all the engineering documents needed to begin planning plant construction. It also will allow Westinghouse to quote a firm price and schedule for the first AP600, which could be in operation as early as the turn of the century," Mr. Woodson said.
 "Utilities are making a major investment in the development of new nuclear power plant designs, because they recognize the importance of an adequate electricity supply to America's economic future," said James J. O'Connor, chairman of the Advanced Reactor Corporation. Mr. O'Connor is also chairman and chief executive officer of Commonwealth Edison Company.
 "We are extremely proud of this vote of confidence by major utilities in the future of nuclear power and in Westinghouse technology," said John B. Yasinsky, group president of Westinghouse Electric Corporation.
 Ultimate safety in an AP600 will be assured by passive systems based on laws of nature, such as gravity, convection and the physical properties of materials, although active systems will also be available. Passive safety systems do not require operator action to protect the public.
 The AP600 is one of two advanced designs selected in January by the 16 ARC utilities in a competition among four advanced U.S. designs. The contract with Westinghouse has been submitted to the U.S. Department of Energy for final approval.
 Under an agreement with the ARC, the U.S. Department of Energy will invest $100 million over five years, a portion of which could be returned to the government from sales of the two designs.
 Completion of first-of-a-kind engineering on the two advanced designs is one of the building blocks of the industry's "Strategic Plan for Building New Nuclear Power Plants," a coordinated blueprint and schedule released in 1990.
 Responsibility for managing the engineering development program is shared by the Advanced Reactor Corporation and the Electric Power Research Institute (EPRI), the utility industry's research and development arm.
 Westinghouse Electric Corporation is the world's leading supplier of nuclear power plants, equipment, systems, services and fuel. Nearly half of the nuclear power plants in operation worldwide are based on Westinghouse technology. Westinghouse is headquartered in Pittsburgh.
 -0- 3/31/93
 /CONTACT: Mimi Limbaugh of Westinghouse Electric Corporation, 412-642-3341/


(WX)

CO: Westinghouse Electric Corporation ST: Pennsylvania IN: TLS SU: CON

TM -- NY089 -- 1779 03/31/93 19:47 EST
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Date:Mar 31, 1993
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