The Brief
A position on whether to unbundle the fuel cycle or bundle it, which stages should hold a floor, and what residual share is left if those decisions are not made. Not a price forecast.
Questions Answered
- Unbundle and control the stages, or bundle and leave the midstream to the supplier?
- Which stages can be tendered, and which require reserved capacity?
- What does preferred-customer status actually buy — allocation, flexibility, outage recovery?
- Is strategic inventory above one reload recoverable, and what drives the working-capital cost?
Benefit
Gives the board a decision it can defend: hold a floor at the stages that matter, or accept the residual share. Prices security, not cost of ownership.