Areva signs $500 million nuclear fuel supply contract with Xcel Energy

Bethesda, Md., January 4, 2012 — Areva signed a fuel and related services contract with Xcel Energy in the U.S. to supply Monticello Nuclear Generating Plant located near Monticello, Minn.

The nearly $500 million contract covers uranium, conversion, enrichment, nuclear fuel design, fabrication and related engineering services. It is the first such award by a U.S. nuclear utility to a fuel supplier in several decades.

Under the agreement, Areva will provide six fuel reloads which corresponds to a decade of fuel supply, with deliveries beginning in 2015. The contract includes transition of the Monticello plant to use Areva's Atrium 10XM boiling water reactor fuel. This will be the first time that Xcel Energy will use Areva fuel in its plants.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs