The contract is the eighth concluded between the US utilities and TENEX since May 2009.

The amendment to the Russian Suspension Agreement signed by the state corporation Rosatom and the DOC in February 2008 allowed US utilities to enter into direct contracts with the Russian supplier for securing long-term low enriched uranium supplies on mutually-advantageous terms.

Northern States Power Company, a regulated operating company of Xcel Energy, owns and operates two nuclear generating plants in Minnesota. The plants serve electricity customers in Minnesota, Wisconsin, North Dakota, South Dakota and Michigan.