Uranium prices won't sink nuclear revival, says Exelon's Crane

Washington (Platts)--28Feb2007

Today's rising uranium prices are "not deterimental" to the future
renaissance of nuclear power, said Exelon Nuclear President and Chief Nuclear
Officer Christopher Crane in his presentation this afternoon at the UBS
Natural Gas and Electric Utilities Conference in New York.

Crane said Exelon believes that "recent price increases are not
sustainable, and the market will correct." Exelon's "main approach" has been
to decrease tails assay for its enriched uranium product, he said, because
"it's more economical" to purchase more enrichment services and less uranium.

He noted "alternative" uranium sources, such as copper and phosphate
mines, also have potential to contribute significantly to supplies.

Overall, "the current uptick in prices is not hitting us significantly,
and we do believe the market will turn before we have to buy significant
quantities in 2011 to 2013," Crane said.

--Steven Dolley, steven_dolley@platts.com