Xcel Energy contracts AREVA for nuclear fuel storage management

AREVA recently signed a contract with Xcel Energy (NYSE:XEL) to provide wide-ranging dry fuel storage management services to the company’s Prairie Island and Monticello nuclear generating plants in Red Wing and Monticello, Minn., respectively.

Under this multi-year contract, AREVA will oversee and perform the removal of nuclear fuel from the Prairie Island reactor’s spent fuel storage pool, its placement in dry storage casks and its secure storage on the site’s existing interim storage pad.