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Friday, September 11, 2009

Exelon signs deal to buy $1.2B of uranium

The country's sole provider of enriched uranium for nuclear power plants says Exelon Generation Co. has signed a contract valued at nearly $1.2 billion to buy separative work units from its American Centrifuge Plant.

Bethesda, Md.-based USEC has been building the plant on the site of a former gaseous diffusion plant about 80 miles east of Cincinnati.

The company says Exelon will buy the separative work units to fuel its reactors. Separative work units are a standard measure of processed uranium.

USEC Inc. says customers have committed to buying output from the plant valued at more than $3.4 billion.

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