Centrus and TENEX Agree on Decade of Reliable Supply
22 Dezembro 2015 - 11:18AM
Business Wire
Centrus Energy Corp. (NYSE MKT: LEU) announced today that it has
reached agreement with TENEX to modify the terms of the long-term
supply contract the two companies signed in 2011 and to extend
their contractual relationship through 2026.
“Completing this contract revision has been a central priority
since the day I arrived at Centrus,” said President and Chief
Executive Office Daniel B. Poneman. “The updated agreement reflects
the changing fuel market and extends our supply arrangement for a
decade, further strengthening the partnership between our two
companies – a partnership that has played an indispensable role in
U.S.-Russia nuclear cooperation for more than two decades.”
TENEX General Director, Lyudmila Zalimskaya said, “We highly
value cooperation with our long-standing partner, Centrus, and have
strengthened our long-term relations with this arrangement.”
The amendment extends the contract to 2026, under terms that
reflect the reduction in global enrichment demand since 2011. While
reaffirming the original commitment to purchase 17 million SWU from
2016 to 2022, the revised agreement permits some quantities to be
deferred for delivery until 2023 to 2026, along with additional
quantities to be purchased in those years.
The amendment ensures that TENEX and Centrus will continue to
have an important framework from which the firms will cooperate and
upon which they will expand their existing relationship.
About Centrus Energy Corp.
Centrus Energy Corp. is a trusted supplier of enriched uranium
fuel for commercial nuclear power plants in the United States and
around the world. Our mission is to provide reliable and
competitive fuel goods and services to meet the needs of our
customers, consistent with the highest levels of integrity, safety,
and security.
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version on businesswire.com: http://www.businesswire.com/news/home/20151222005393/en/
Centrus Energy Corp.Media:Jeremy Derryberry,
301-564-3392orInvestors:Don Hatcher, 301-564-3460
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