Russia: A Uranium Deal for U.S. Power Plants

A state-owned nuclear power company in Russia and utilities in California and Texas have signed a $1 billion agreement to provide Russian low-enriched uranium to generate electrical power for 5 million homes in the United States. The latest deal will be the first to open up the lucrative U.S. market to Russian producers of nuclear fuel made from virgin uranium ore. And it likely will not be the last.