Russia will sell enrichment services directly to U.S. utilities

Russian company Tenex (a subsidiary of Rosatom) signed a contract with a U.S. company Fuelco (founded by Pacific Gas and Electric Co, Luminant, and United Electric Co) to supply it with low-enriched uranium for nuclear reactor fuel in 2014-2020. The head of Rosatom, Sergei Kirienko, was quoted as saying that the contract is worth $1 billion.

The direct supplies of enriched uranium to U.S. utilities after 2013, when the HEU-LEU deal expires, were made possible by an agreement signed by Rosatom and Department of Treasury in February 2008.