Tenex, PSEG sign uranium supply deal
Russia's Tenex has signed a $200 million contract to supply low-enriched uranium (LEU) to US utility PSEG Nuclear. The deal, signed in the presence of Rosatom director general Sergey Kiryenko and US energy secretary Steven Chu in Moscow, is the 12th such contract to supply Russian uranium products directly to US utilities since changes to antidumping laws in 2008. According to Tenex, the latest contract means its total portfolio of long-term contracts is now worth about $22 billion. Tenex recently signed a multi-year contract to supply LEU to US uranium enrichment company USEC starting in 2013.
Russia's Tenex has signed a $200 million contract to supply low-enriched uranium (LEU) to US utility PSEG Nuclear. The deal, signed in the presence of Rosatom director general Sergey Kiryenko and US energy secretary Steven Chu in Moscow, is the 12th such contract to supply Russian uranium products directly to US utilities since changes to antidumping laws in 2008. According to Tenex, the latest contract means its total portfolio of long-term contracts is now worth about $22 billion. Tenex recently signed a multi-year contract to supply LEU to US uranium enrichment company USEC starting in 2013.
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