OREANDA-NEWS. August 24, 2009. The US Department of Commerce has approved a direct long-term contract for deliveries by Techsnabexport (TENEX, 100% subsidiary of Atomenergoprom) of low-enriched uranium to Constellation Energy Nuclear Group (CENG).

The contract stipulates deliveries of uranium fuel in 2015–2025.

It was the sixth contract TENEX has signed with US power companies since May 2009.

The first two contracts with EXELON have already been approved by the US Department of Commerce, the other three with FUELCO are being considered.

This confirms the successful implementation of the Amendment to the Agreement Suspending the Antidumping Investigation on Uranium from the Russian Federation, adopted by Rosatom State Nuclear Energy Corporation and the US Department of State in Feb 2008 and giving free and legal access to Russian nuclear fuel products and services on the US market

Constellation Energy (NYSE: CEG), headquartered in Baltimore, Maryland, USA, generates, trades, supplies, and distributes energy. The company operates over 35 power plants in 11 states (mainly Maryland, Pennsylvania, New York, West Virginia, and California) under its operating company Constellation Commodities Group and/or Constellation Generation Group.

Constellation Energy, a FORTUNE 125 company with 2007 revenues of \\$21 billion, is the nation’s largest competitive supplier of electricity to large commercial and industrial customers and the nation’s largest wholesale power seller.

Constellation NewEnergy, a wholly owned subsidiary of Constellation Energy, is a leading competitive supplier of electricity, natural gas and energy-related services to commercial, industrial and institutional customers throughout North America. Constellation NewEnergy serves more than 19,000 commercial, industrial and institutional customers throughout 31 states and three Canadian provinces representing nearly 14,000 megawatts of peak load and more than 354 billion cubic feet (1.00?1010 m3) of annual natural gas consumption.

Constellation Energy also manages fuels and energy services on behalf of energy intensive industries and utilities. It owns a diversified fleet of 83 generating units located throughout the United States, totaling approximately 9,000 megawatts of generating capacity. The company delivers electricity and natural gas through the Baltimore Gas and Electric Company (BGE), its regulated utility in central Maryland.

JSC "Techsnabexport" — brand name TENEX — is Open Joint Stock Company with 100 per cent shares held by the JSC "Atomenergoprom" — integrated company in the civilian sector of Russian nuclear industry. For 45 years it has carried out faultless activities at the world market, management and highly skilled employees. Tenex is the world’s largest exporter of products and services of the Russian nuclear fuel cycle with a substantial share in the industry’s total foreign trade turnover. It delivers Russian uranium products to meet reactor requirements of NPP’s in the USA — 40 per cent, Western Europe -23 per cent, Asian and Pacific Region -16 per cent. Tenex is Executive Agent under Russian-US government-to-government Agreement on deliveries to the USA of low-enriched uranium downblended from highly enriched uranium extracted from dismantled warheads (HEU-LEU Agreement). The Company operates in the high-tech sector and making investments in core facilities in the nuclear industry and machine building manufacturing high-tech equipment and components for Russian isotope separation plants. Tenex is dynamically developing Company playing a leading role in creating a competitive environment, establishing market place mechanisms and mastering new markets.

Atomenergoprom OJSC (Atomny Energopromyshleny Kompleks) is a state holding that is supposed to comprise 89 nuclear companies and to cover the whole range of nuclear services: from uranium mining to NPP construction and electricity production. Atomenergoprom’s companies will have a total of 175,000 employees and an annual production of 200bln RUR (5.5bln EUR). Atomenergoprom is one of the biggest players on the world market: it has a 40% share in the world’s uranium enrichment services, 17% in nuclear fuel production, 8% in uranium mining, 28% in NPP construction (10 reactors). The director of Atomenergoprom is Vladimir Travin, the chairman of the board of directors – Sergey Kiriyenko.