Gainesville, FL (PressExposure) September 07, 2009 -- Russia's Tenex plans to partner with US Nuclear Power Plant Operators to improve the quality of life for the people who live and work in operators service territory and around their nuclear generating stations through contributions, sponsorships, volunteerism, executive involvement on nonprofit boards and in-kind donations.
Sigma Transnational today announced that Russia's Tenex plans to partner with US Nuclear Power Plant Operators to improve the quality of life for Americans who live and work in operators service territory and around their nuclear generating stations through contributions, sponsorships, volunteerism, executive involvement on nonprofit boards and in-kind donations.
Sigma Transnational outlined Russia's Tenex community strategy in a move to bolster Tenexâs corporate image in the eyes of their customers. US utilities: Constellation Exelon, Pacific Gas & Electric Co., AmerenUE; and Luminant. These companies signed contracts with Russia's Techsnabexport (Tenex) for delivery of enriched uranium between 2014 and 2020. These six (6) contracts with US utilities are the first to be signed since the conclusion of the Amendment to the Russian Suspension Agreement of February 2008. Under the amended agreement, the USA will import Russian commercial uranium products from 2011 under new legislation. The amendment allows Russian companies to sell low-enriched uranium (LEU) to US nuclear generators. Russia will be able to supply limited amounts of nuclear fuel for reactor reloads from 2011, while the supply of initial fuel loads for new reactors would be unlimited. All limits are to be phased out by 2021.
The Constellation Energy contract and two (2) Exelon Contracts have already been approved by the U.S. Dept of Commerce. The remaining three (3) contracts Pacific Gas & Electric Co., AmerenUE; and Luminant will also go through the U.S. Dept. of Commerce Review process.
About Constellation Energy Constellation Energy (NYSE: CEG), headquartered in Baltimore, Maryland, USA, generates, trades, supplies, and distributes energy. The company operates over 35 power plants in 11 states (mainly Maryland, Pennsylvania, New York, West Virginia, and California) under its operating company Constellation Commodities Group and/or Constellation Generation Group. Constellation NewEnergy, a wholly owned subsidiary of Constellation Energy, is a leading competitive supplier of electricity, natural gas and energy-related services to commercial, industrial and institutional customers throughout North America. Constellation NewEnergy serves more than 19,000 commercial, industrial and institutional customers throughout 31 states and three Canadian provinces representing nearly 14,000 megawatts of peak load and more than 354 billion cubic feet (1.00Ã1010 m3) of annual natural gas consumption. Constellation Energy also manages fuels and energy services on behalf of energy intensive industries and utilities. It owns a diversified fleet of 83 generating units located throughout the United States, totaling approximately 9,000 megawatts of generating capacity. The company delivers electricity and natural gas through the Baltimore Gas and Electric Company (BGE), its regulated utility in central Maryland.
About Exelon: Exelon Corporation has one of the industryâs largest portfolios of electricity generation capacity, with approximately $19 billion in annual revenues. Exelon distributes electricity to approximately 5.4 million customers in Illinois (ComEd) and Pennsylvania (PECO), and gas to 485,000 customers in the Philadelphia area (PECO) and the third largest commercial nuclear fleet in the world.
About Tenex in North America: TechsnabexportÂ» â brand name TENEX â is owned by Atomenergoprom, which has a 40% share in the worldâs uranium enrichment services, 17% in nuclear fuel production, 8% in uranium mining, and 28% in NPP construction (10 reactors). Tenex is the worldâs largest exporter of Russian nuclear fuel cycle and delivers uranium products to meet reactor requirements of Nuclear Power Plants in the USA. Tenex product to the USA is low-enriched uranium down-blended from highly enriched uranium extracted from dismantled warheads (HEU-LEU Agreement). To obtain more information on Tenex [http://www.sigmatran.com/tenex.htm]