TENEX and Dominion Nuclear declared a contract for supply of enriched uranium product

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RosAtom, PUBLISHED June 08, 2010

On June 7 at the Atomexpo 2010 Forum in Moscow Joint stock company “Techsnabexport” (TENEX) General Director Mr. A. Grigoriev and President of Dominion Nuclear and Chief Nuclear Officer Mr. David A. Heacock made an official statement on the signature of a contract early this year for supply of Enriched Uranium Product (EUP). The contract have already successfully passed the approval procedure in the U.S. Department of Commerce (DOC). Dominion treat the Contract as a basis for further development of the Parties' business relationship in the field of nuclear materials supply.

Within January - April 2010 TENEX signed several commercial contracts with leading U.S. nuclear energy companies including Dominion, Xcel Energy and another first rate utility for the supply of EUP. All of the signed contracts have been approved by the DOC.

The Amendment to the Russian Suspension Agreement signed by the State corporation Rosatom and the DOC in February 2008 allowed U.S. utilities to enter into direct contracts with the Russian supplier for securing long-term low enriched uranium supplies on mutually advantageous terms. Since 2009 TENEX has already signed a number of contracts which allowed to cover the substantial part of the quantities allocated under the Amendment to RSA for the 2014-2020 period.

Enriched uranium product deliveries will be provided from any of the four Russian enrichment plants equipped with leading edge centrifuges and are supported by the strong engineering and technological potential of the Russian enrichment industry.

Brief info on Dominion:

Dominion (NYSE:D) is one of the largest nuclear generating companies in the United States, operating seven units producing 6,057 megawatts at four sites in Connecticut, Virginia and Wisconsin. The company owns and operates the Millstone Power Station, consisting of two pressurized water reactors (PWR) in southeastern Connecticut, capable of producing 2,097 megawatts of electricity; the Kewaunee Power Station consisting of one PWR in northeastern Wisconsin, capable of producing 556 megawatts of electricity; and the North Anna and Surry power stations in central and eastern Virginia, respectively. North Anna and Surry each consist of two PWRs capable of producing a total of 3,404 megawatts of electricity.

Dominion also is one of the largest producers and transporters of energy in the United States, with a portfolio of more than 27,500 megawatts of generation, 12,000 miles of natural gas transmission, gathering and storage pipeline and 6,000 miles of electric transmission lines. Dominion operates the largest natural gas storage system in the U.S. with 942 billion cubic feet of storage capacity and serves retail energy customers in 12 states.

Topics: NFC, Russia, USA

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