U.S. nuclear power plants to get more Russia uranium

[Kokonoe]

Source: Reuters

U.S. nuclear power reactors will be able to obtain more supplies of Russian enriched uranium for fuel, under a trade deal signed by the two countries late on Friday.

For years, the U.S. government has restricted Russian uranium shipments, fearing Russia would dump uranium in the U.S. market and financially hurt the major American uranium supplier, USEC Inc.

Under the deal, Russian uranium exports to the United States would increase slowly over a 10-year period, beginning in 2011, when shipments would be allowed to reach 16,559 tons.

Exports would then increase about 50 percent annually over the next two years and increase more than tenfold from 41,398 tons in 2013, when the current "Megatons to Megawatts" program expires, to 485,279 tons the next year. Shipments would increase at much slower rates in each of the following six years, until reaching 514,754 tons in 2020.

Read more: http://www.reuters.com/article/newsOne/idUSN0146993820080202

[pattmarty]

1. OK, build more plants here, buy more fuel form Russia. Priceless!!!!!

[NNadir]

2. This is an outstanding program.

When I was a boy, we used to have exercises in school wherein we cowered in fear of nuclear weapons.

Since the mid 1990's a fair amount of the stuff I used to fear has been lighting my home, running our hospitals, keeping us in communication, etc.

The treaty that made this possible was negotiated by a guy named Al Gore.

[bluestdogest]

3. Cool...