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Russia Begins Selling Enriched Uranium to U.S.
Russia today (Tuesday) will begin selling enriched uranium directly to U.S. utilities, a development that will give the fuel supplier an expanded role in the U.S. energy sector for decades to come.
Techsnabexport, a state-owned nuclear energy company, has agreed to sell an undisclosed quantity of enriched uranium to a consortium of American companies for more than $1 billion, Reuters reported. The U.S. companies involved include PG&E Corp. (NYSE: PCG) and Ameren Corp. (NYSE: AEE).
The deal will give utilities a chance to deal directly with enriched uranium suppliers and creates a better opportunity for Russian energy companies to come into the U.S.…
28May2009 | Money Morning | 0 comments | Continued
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