USEC Inc., Of Bethesda, Signs Energy Contract

USEC Inc., of Bethesda, a global energy company that supplies enriched uranium fuel for commercial nuclear power plants, said Friday it signed a five-year contract with the Tennessee Valley Authority for electric power for USEC’s gaseous diffusion uranium enrichment plant in Paducah, Ky. The new contract, which replaces a one-year pricing agreement that expired Friday, runs through May 31, 2012. USEC’s Paducah plant provides the only U.S.-owned and U.S.- located uranium enrichment capability. Enrichment is the process by which the concentration of the fissionable uranium isotope, U-235, is increased in order to make fuel for nuclear power plants.

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