Megatons to Megawatts is a 20-year, commercially financed government-industry partnership in which 500 metric tons of Russian weapons-grade uranium is being downblended to low enriched uranium for use as commercial reactor fuel.
USEC president and CEO John Welch said this program has served as an important element of USEC’s ability to provide its utility customers with the nuclear fuel and technology solutions they need to power the world through diverse, secure and reliable supply offerings.
"Under this program, we have built a strong long-term relationship with our Russian partners, which we expect to continue through our new enrichment supply contract starting in 2013 after the Megatons to Megawatts program is successfully finished," Welch said.
