Russia signs $1bln uranium deals with US companies

Tue May 26, 2009 10:10am EDT
 
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MOSCOW, May 26 (Reuters) - Russia signed $1 billion worth of deals on Tuesday to supply uranium to U.S. companies from 2014.

Russia's Techsnabexport (Tenex) signed the deal with Fuelco, a company founded by by Californian utility Pacific Gas and Electric Co, a unit of PG&E Corp (PCG.N), Luminant and United Electric Co.

"We worked for over 5 years to make this happen. This fuel will provide energy for 5 million American homes," Fuelco President Bruce Hamilton told reporters in Moscow after the signing. (Reporting by Guy Faulconbridge, editing by Melissa Akin)

 

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