Centrus

The Energy Department has retained Centrus Energy to prepare the K-1600 facility at the Oak Ridge Reservation in Tennesseefor demolition. The Rockville, Md.-based nuclear fuel supplier has leased the uranium enrichment plant since 2002. Centrus announced Tuesday it has received a $15 million work authorization for decontamination and decommissioning (D&D) of the plant, one of […]

The August doldrums in Washington weren’t quite as quiet as in past years, and there was plenty of news during the ExchangeMonitor’s annual publication break. As chronicled in the Weapons Complex Morning Briefing, here are a few stories we’ve been following. Hanford Treats Over 2 Billion Gallons of Contaminated Groundwater in FY18 Workers at the Hanford […]

Maryland-based nuclear fuel provider Centrus Energy is working toward termination of the Nuclear Regulatory Commission license for its American Centrifuge Lead Cascade demonstration project at the Department of Energy’s Portsmouth Site in Ohio. Most decontamination and decommissioning at the site was finished by June 30, Centrus said in a 10-Q quarterly report filed Thursday with […]

A Centerra Group subsidiary contracted to protect the Energy Department’s Savannah River Site in South Carolina took home almost $3 million of an available award fee of $3.16 million, roughly 95 percent, for the six-month period from October 2017 through March 2018. The Energy Department praised Centerra-Savannah River Site for its work providing physical protection […]

The Energy Department’s Portsmouth Gaseous Diffusion Plant complex in Ohio is eligible for listing in the National Register of Historic Places and the state’s historic preservation office wants a voice in cleanup plans for the contaminated site. The Ohio History Connection said in a May 16 letter to the Nuclear Regulatory Commission it should be […]

The Energy Department’s Portsmouth Gaseous Diffusion Plant complex in Ohio is eligible for listing in the National Register of Historic Places and the state’s historic preservation office wants a voice in cleanup plans for the contaminated site. The Ohio History Connection said in a May 16 letter to the Nuclear Regulatory Commission it should be […]

Centrus Energy reaped far more revenue in the first quarter of 2018 than it did during the same period of 2017, but still reported a net loss during for its latest earnings period. The Rockville, Md.-based uranium fuel provider reported $35.7 million in revenue for the first three months of 2018 compared to $7.2 million […]

Centrus Energy reaped far more revenue in the first quarter of 2018 than it did during the same period of 2017, but still reported a net loss during for its latest earnings period. The Rockville, Md.-based uranium fuel provider reported $35.7 million in revenue for the first three months of 2018 compared to $7.2 million […]

Centrus Energy is asking the Nuclear Regulatory Commission (NRC) to amend its nuclear material license at the Energy Department’s Portsmouth Site in Ohio. The application was filed as the company is closing out decommissioning of its American Centrifuge uranium enrichment demonstration project. In a May 1 Federal Register notice, the NRC is seeking comments on […]

Centrus Energy is almost finished with decontamination and decommissioning of its American Centrifuge demonstration project at the Energy Department Portsmouth Site in Ohio, President and CEO Daniel Poneman said Thursday. “All the machines and plant equipment have been removed and are set for disposal, we have a few more limited tasks to wrap up,” Poneman […]

Maryland-based Centrus Energy will release its fourth-quarter and full-year 2017 earnings after the markets close on Wednesday, followed by a conference call with financial analysts at 8:30 a.m. EDT Thursday. Centrus, formerly known as USEC, supplies nuclear fuel and services for the nuclear power industry. In September 2015, Centrus began closing out its three-year demonstration […]

The U.S. Energy Department has committed to remediation of existing landfills and plumes at the Portsmouth Gaseous Diffusion Plant site in Ohio, Sen. Rob Portman (R-Ohio) said following a Feb. 23 meeting with stakeholders. Officials in the nearby village of Piketon have raised concerns over such contaminated areas inside the Perimeter Road in connection with […]

The U.S. Energy Department has agreed to a $24 million legal settlement to resolve breach of contract litigation brought by Centrus Energy in the U.S. Court of Federal Claims. The settlement agreement was reached Jan. 11, and Centrus reported the development on Jan. 17 in an 8-K filing with the U.S. Securities and Exchange Commission. […]

The Energy Department has agreed to a $24 million legal settlement with Centrus Energy to resolve breach of contract litigation the company had filed in the U.S. Court of Federal Claims. The settlement agreement was reached Jan. 11, and Centrus reported the development on Jan. 17 in an 8-K filing with the U.S. Securities and […]

The headline on a Nov. 16 Weapons Complex Morning Briefing article about Centrus Energy’s cleanup work on its retired advanced centrifuge demonstration project at Piketon, Ohio, misstated the location of the facility. We regret the error.

Centrus Energy said this week it anticipates completing cleanup of its retired advanced centrifuge technology demonstration site in Piketon, Ohio, by the end of the year. Decontamination and decommissioning of the American Centrifuge facility began in the second quarter of 2016 after the Department of Energy cut off funding for the project the year before […]

Centrus Energy said Thursday its net loss decreased and its revenue grew during the third quarter ended Sept. 30. The Bethesda, Md.-based uranium enrichment company reported a net loss of $8.5 million for the quarter, well below the $41.3 million net loss for the third quarter of 2016. Net loss connected to common stockholders was […]

Centrus Energy said Monday it has signed a $16 million contract to continue for another year its research and development of advanced gas centrifuge uranium enrichment technology at the Department of Energy’s Oak Ridge National Laboratory (ORNL) in Tennessee. However, the company’s time in at least one Oak Ridge facility is nearing its end as […]

Centrus Energy said Monday it has signed a $16 million contract to continue for another year its research and development of advanced gas centrifuge uranium enrichment technology at the Department of Energy’s Oak Ridge National Laboratory (ORNL) in Tennessee. However, the company’s time in at least one Oak Ridge facility is nearing its end as […]

Centrus Energy said Monday it has signed a $16 million contract to continue for another year its research and development of advanced gas centrifuge uranium enrichment technology at the Department of Energy’s Oak Ridge National Laboratory in Tennessee. The contract with lab management and operations prime UT-Battelle LLC runs through Sept. 30, 2018. The agreement […]

Progressing toward the end of decontamination and decommissioning of an industrial-scale uranium-enrichment demonstration in Ohio, uranium fuel broker Centrus Energy Corp. saw its quarterly losses widen and revenue shrink in the three months ended June 30. The results were not a surprise to the company, CEO Daniel Poneman, the former U.S. deputy energy secretary, said in […]

Fluor Corp. is scheduled to release its second-quarter earnings numbers after market close on Thursday. A conference call on the latest figures is scheduled for 5:30 p.m. EDT, featuring Chairman and CEO David Seaton and Chief Financial Officer Biggs Porter. In the first quarter, Fluor brought it $61 million in net earnings, $0.43 per diluted share, on total […]

Energy Secretary Rick Perry has postponed his scheduled Monday visit to the Energy Department’s Portsmouth Site in Piketon, Ohio, Sen. Rob Portman (R-Ohio) said Saturday. “While I’m disappointed that Secretary Perry cannot make it to Piketon on Monday I’m pleased he has indicated that he will reschedule the visit soon,” Portman said in a prepared […]

Nuclear Regulatory Commission staff on Tuesday authorized shipment by road of various forms of waste from the shuttered American Centrifuge project in Ohio to the Department of Energy’s Nevada National Security Site. The approval was signed on the same day that the NRC posted a Federal Register notice of its finding of no significant impact from the […]

Nuclear Regulatory Commission staff on Tuesday authorized shipment by road of various forms of waste from the shuttered American Centrifuge project in Ohio to the Department of Energy’s Nevada National Security Site. The approval was signed on the same day that the NRC posted a Federal Register notice of its finding of no significant impact from the […]

Nuclear Regulatory Commission staff on Tuesday authorized shipment by road of various forms of waste from the shuttered American Centrifuge project in Ohio to the Department of Energy’s Nevada National Security Site. The approval was signed on the same day that the NRC posted a Federal Register notice of its finding of no significant impact […]

The Nuclear Regulatory Commission is in the final steps of an environmental assessment that would clear the way for Centrus Energy Corp. to start shipping radioactive debris out of a shuttered, next-generation uranium-enrichment demonstration in Piketon, Ohio, an NRC spokesperson said Tuesday. NRC “is currently working on an Environmental Assessment of the environmental impacts of transporting […]

The Nuclear Regulatory Commission is in the final steps of an environmental assessment that would clear the way for Centrus Energy Corp. to start shipping radioactive debris out of a shuttered, next-generation uranium-enrichment demonstration in Piketon, Ohio, an NRC spokesperson said Tuesday. NRC “is currently working on an Environmental Assessment of the environmental impacts of transporting […]

Centrus Energy hedged the end date for decommissioning and decontaminating its shuttered industrial-scale uranium-enrichment demonstration in Ohio, saying in its latest quarterly earnings report Tuesday the project will be “substantially complete” by year’s end. In the 2017 first quarter, Centrus spent some $5.4 to decommission and decontaminate (D&D) the American Centrifuge plant at the Department of […]

The nuclear energy industry and some lawmakers on Capitol Hill continue to press for a new U.S. domestic uranium enrichment capability, though not necessarily for the same reasons. At a May 3 public witness hearing before the House Appropriations energy and water subcommittee, Rep. Chuck Fleischmann (R-Tenn.) asked Maria Korsnick, president and CEO of the […]