Contract Builds Upon an Existing Supply Arrangement with TENEXEnsures Diverse Mix of Supply Sources While USEC Continues to Deploy Its American Centrifuge Project
Net income declines compared to 2009; net income of $9.0 million for 4th quarterCash flow from operations of $22.5 million exceeds guidanceAmerican Centrifuge spending level in 2011 dependent on clear path to DOE loan guarantee commitment and timely closing
Due diligence process well underwayUSEC made significant progress in 2010 to address DOE concernsDiscussions continue with Japanese export credit agencies for additional financing
USEC Inc. (NYSE: USU) announced today that it is working to extend the operation of the Paducah Gaseous Diffusion Plant beyond May 2012 and expects to reach a decision during the first half of 2011. USEC will base its decision to extend operations upon economic ...
USEC Inc.′s board of directors (NYSE: USU) recently elected energy industry veteran M. Richard Smith to the board, effective January 1, 2011. Smith brings to USEC nearly 40 years of power industry engineering, construction, project management and M&A experience. ...
Initial discussions on term sheet begin with DOEMore than half million machine hours accumulated in lead cascade test programAdditional AC100 machines being assembled
Completes first $75 million of $200 million three-phased investmentSolidifies the strategic relationship between USEC, Toshiba and B&WInvestment receives key regulatory approvals
USEC addresses technical and financial concerns raised by DOENumber of machines in AC100 cascade roughly doubles; additional AC100 machines to be built in 2010More than 480,000 machine hours accumulated in Lead Cascade test programGo-forward investment to build American Centrifuge Plant estimated at $2.8 billion from [...]
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