Valhi, Inc. : Waste Control Specialists Announces Disposal Agreement with the Utilities Service Alliance WCS Will Dispose of Operational and Decommissioning Low-Level Radioactive Waste
10/13/2011| 05:35pm US/Eastern
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DALLAS, Texas (October 13, 2011) - William J. Lindquist, Chief Executive Officer of Waste Control Specialists LLC ("WCS"), a subsidiary of Valhi, Inc. (NYSE: VHI), today announced that it has entered into an agreement with Utilities Service Alliance, Inc. ("USA") to dispose of Class A, B and C low-level radioactive waste ("LLRW"), subject to regulatory approvals. USA is a non-profit cooperative of 15 utilities that operate 17 nuclear power stations across the United States.
"We are pleased that WCS was able to work closely with the USA to develop a safe, secure and cost effective disposal option for its members," said Mr. Lindquist. "The benefit to nuclear utilities of disposing of waste in Texas is the certainty that their higher activity LLRW will be permanently disposed in a state-of-the-art facility designed to protect the public and the environment. The WCS facility is unlike any other."
WCS will complete construction of the Texas Compact facility this month and will have a grand opening event at its site in Andrews County on November 10th.
"Five USA member plants have already committed to ship LLRW to WCS and other members may also commit to take advantage of this agreement," said Mr. Lindquist.
Prior to accepting the waste at the Texas Compact facility, each utility must apply for an import petition from the Texas Low-Level Radioactive Waste Disposal Compact Commission. WCS must also modify its license to receive the waste and the contract must be approved by the Texas Commission on Environmental Quality.
About the WCS Facility
The WCS facility in western Andrews County, Texas is the only commercial facility in the United States licensed to dispose of Class A, B and C LLRW. It is also licensed for the treatment and storage of LLRW - and has safely and successfully served as a temporary storage facility for past U.S. Department of Energy projects.
Situated in an arid and isolated location, the WCS facility sits atop a formation of 500 feet of impermeable red-bed clay which makes it an ideal setting for the storage and disposal of LLRW. The state of Texas has determined the WCS facility does not sit above or adjacent to any underground drinking water formations.
The WCS facility is the site of the disposal facility for the Texas Low Level Radioactive Waste Disposal Compact, and most recently was the site of the successful storage and disposal of byproduct material from the DOE Fernald, Ohio cleanup site.
WCS has been processing and storing LLRW at its facility since 1998.
Valhi is engaged in the titanium dioxide products, component products (security products, furniture components and performance marine components) and waste management industries.
Statements in this release that are not historical in nature are forward-looking in nature that represent the Company's beliefs and assumptions based on currently available information. In some cases, these forward-looking statements can be identified by the use of words such as "believes," "intends," "may," "should," "could," "anticipates," "expected" or comparable terminology. Although the Company believes the expectations reflected in such forward-looking statements are reasonable, the Company does not know if these expectations will be correct. Forward-looking statements by their nature involve substantial risks and uncertainties that could significantly impact expected results. Actual future results could differ materially from those predicted. Among the factors that could cause the Company's actual future results to differ materially from those described herein are the risks and uncertainties described from time to time in the Company's filings with the Securities and Exchange Commission.
HUG#1554783
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