Exelon (EXC) Signs Uranium Contract With Russia

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09:33:16 am on June 3, 2009

According to Reuters, Exelon Energy Co just announced that it has signed a uranium supply deal with Tenex, a Russian nuclear fuel exporter owned by the Russian government. Under the terms of the agreement, Tenex will supply Exelon with uranium for nuclear energy for a period of six years, from 2014 to 2020.

The amounts of uranium involved were not disclosed. Nor were the financials of the deal.

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