Centrus

Second-quarter profits rose sharply at nuclear-fuel broker Centrus Energy, Bethesda, Md., as Russia’s war against Ukraine made uranium more expensive and spooked some buyers into locking in the current price, the company’s CEO said Friday. “There’s an advantage to buying sooner if it’s going to be cheaper,” Daniel Poneman, Centrus’ CEO, said Friday during a […]

The Department of Energy this week solicited bids for a potentially 10-year contract to produce high assay low-enriched uranium fuel using a centrifuge cascade Centrus Energy Corp. built at the Portsmouth Site in Piketon, Ohio. Bids for the The High Assay Low Enriched Uranium (HALEU) Demonstration Cascade Completion contract are due Aug. 8. The contract […]

The Department of Energy this week solicited bids for a potentially 10-year contract to produce high assay low-enriched uranium fuel using a centrifuge cascade Centrus Energy Corp. built at the Portsmouth Site in Piketon, Ohio. Bids for the The High Assay Low Enriched Uranium (HALEU) Demonstration Cascade Completion contract are due Aug. 8. The contract […]

The Department of Energy extended Centrus Energy Corp.’s contract to build a 16-machine enrichment cascade for advanced nuclear fuel at the Portsmouth Site in Piketon, Ohio, adding six months and $12 million to the sole-source deal. DOE extended the 80/20 cost-share contract on April 20, boosting the agency’s share of the pact, awarded in 2019, […]

The Department of Energy extended Centrus Energy Corp.’s contract to build a 16-machine enrichment cascade for advanced nuclear fuel at the Portsmouth Site in Piketon, Ohio, adding six months and $12 million to the sole-source deal. DOE extended the 80/20 cost-share contract on April 20, boosting the agency’s share of the pact, awarded in 2019, […]

Centrus Energy Corp., Bethesda, Md., posted a net loss for the first quarter, when a drop in the flagship fuel brokerage business wiped out a gain from other uranium sales and the continuing steadiness of an advanced enrichment contract, now in its final days, with the Department of Energy, the company said Friday. Centrus lost […]

Key claims in a lawsuit brought by residents living in the shadow of a former gaseous diffusion plant in Ohio are barred on various grounds, including the government contractor defense, current and former Department of Energy contractors for the Portsmouth Site said last week. Defendants Centrus Energy, Fluor-BWXT Portsmouth and others filed their motion April […]

Parts of Centrus’ high assay, low-enriched uranium cascade at the Portsmouth Site in Piketon, Ohio were ready to operate as specified in a sole-source contract with the Department of Energy, the company said Wednesday. The 16-machine AC100M cascade was ready to start up by March 31, a company spokesperson said in an email Wednesday, except […]

Parts of Centrus’ high assay, low-enriched uranium cascade at the Portsmouth Site in Piketon, Ohio were ready to operate as specified in a sole-source contract with the Department of Energy, the company said Wednesday. The 16-machine AC100M cascade was ready to start up by March 31, a company spokesperson said in an email Wednesday, except […]

Centrus Energy was to have its new enrichment cascade for high assay low-enriched uranium ready to start up by Thursday, according to recent regulatory filings by the Bethesda, Md., company. The uranium fuel broker and enrichment technology developer appended a letter contract with the Department of Energy to its latest 10-K filing with the Securities […]

Centrus Energy was to have its new enrichment cascade for high assay low-enriched uranium ready to start up by Thursday, according to recent regulatory filings by the Bethesda, Md., company. The uranium fuel broker and enrichment technology developer appended a letter contract with the Department of Energy to its latest 10-K filing with the Securities […]

Uranium broker and enrichment technology developer Centrus, Bethesda, Md., posted a profitable 2021, easily besting year-ago figures with a net income of  $175 million, or $9.75 a share, on revenue of about $300 million, the company reported Thursday. That compared with a net income of almost $54.5 million, or 57 cents a share, in 2020. […]

About a week remained as of Friday for interested parties to express interest to the Department of Energy about running a demonstration project in Ohio to produce hundreds of kilograms of high assay low enriched uranium for the department. DOE envisions a contract lasting as long as 10 years. The first year could call for […]

Fewer than 10 days remain for interested parties to express interest to the Department of Energy about running a demonstration project in Ohio to produce hundreds of kilograms of high assay low enriched uranium for the department. DOE envisions a contract lasting as long as 10 years. The first year could call for completion of […]

Citing COVID-19-related supply chain disruptions on the agency’s end, the Department of Energy has cancelled plans for Centrus Energy Corp., Bethesda, Md., to operate a new uranium enrichment centrifuge at the Portsmouth Site in Piketon, Ohio, next year, the company disclosed Friday. Under a DOE contract awarded in 2019, Centrus subsidiary American Centrifuge Operating was […]

Citing COVID-19-related supply chain disruptions on the agency’s end, the Department of Energy has cancelled plans for Centrus Energy Corp., Bethesda, Md., to operate a new uranium enrichment centrifuge at the Portsmouth Site in Piketon, Ohio, next year, the company disclosed Friday. Under a DOE contract awarded in 2019, Centrus subsidiary American Centrifuge Operating was […]

Centrus Energy, Bethesda, Md., on Wednesday posted net income of about $41.5 million, or $2.95 a share for the 2021 third quarter, up from a loss of $7 million or 83 cents a share, in the year-ago period.  Quarterly revenue was about $91 million, up from more than $57.5 million a year ago, mostly due […]

Centrus Energy Corp., Bethesda, Md., on Wednesday posted net income of about $41.5 million, or $2.95 a share for the 2021 third quarter, up from a loss of $7 million or 83 cents a share, in the year-ago period. Quarterly revenue was about $91 million, up from more than $57.5 million a year ago, mostly […]

Centrus Energy Corp., Bethesda, Md., on Wednesday posted net income of about $41.5 million, or $2.95 a share for the 2021 third quarter, up from a loss of $7 million or 83 cents a share, in the year-ago period. Quarterly revenue was about $91 million, up from more than $57.5 million a year ago, mostly […]

John Dorrian will retire from Centrus Energy Corp., Bethesda, Md., on Dec. 31, after 27 years with the company, most recently as controller and chief accounting officer, the uranium fuel broker and enrichment technology developer announced in a recent regulatory filing. “It is anticipated that Mr. Dorrian will continue to provide transition services to the […]

John Dorrian will retire from Centrus Energy Corp., Bethesda, Md., on Dec. 31, after 27 years with the company, most recently as controller and chief accounting officer, the uranium fuel broker and enrichment technology developer announced in a recent regulatory filing. “It is anticipated that Mr. Dorrian will continue to provide transition services to the […]

In a move necessary to produce hundreds of kilograms of energy-dense, U.S.-origin uranium fuel for DOE, Centrus Energy Corp. extended a lease on Department of Energy buildings at the Portsmouth Site in Piketon, Ohio for three years, through 2025. The buildings support the 16-machine cascade Centrus, Bethesda, Md., is building for DOE under a $115 […]

In a move necessary to produce hundreds of kilograms of energy-dense, U.S.-origin uranium fuel for DOE, Centrus Energy Corp. extended a lease on Department of Energy buildings at the Portsmouth Site in Piketon, Ohio for three years, through 2025. The buildings support the 16-machine cascade Centrus, Bethesda, Md., is building for DOE under a $115 […]

Centrus Energy Corp. has identified about $9 million worth of pandemic-related expenses at  its new enrichment cascade in Ohio and wants the Department of Energy to help defray the costs, the company in a regulatory filing. “[W]e plan to seek additional funding commitments from DOE for the additional costs,” Centrus wrote Aug. 13 in its latest […]

Centrus Energy Corp. has identified about $9 million worth of pandemic-related expenses at  its new enrichment cascade in Ohio and wants the Department of Energy to help defray the costs, the company in a regulatory filing. “[W]e plan to seek additional funding commitments from DOE for the additional costs,” Centrus wrote Aug. 13 in its […]

Facing a tough comp that included a big one-time payment, profits fell year-over-year at Centrus, Bethesda, Md., in the second quarter of 2021, though core operations remained essentially healthy and the company scored a crucial regulatory blessing for a new enrichment cascade. The fuel reseller and enrichment technology developer posted quarterly net income attributable to […]

Facing a tough comp that included a big one-time payment, profits fell year-over-year at Centrus, Bethesda, Md., in the second quarter of 2021, though core operations remained essentially healthy and the company scored a crucial regulatory blessing for a new enrichment cascade. The fuel reseller and enrichment technology developer posted quarterly net income attributable to […]

A federal suit brought by former security guards at the Department of Energy’s Portsmouth Site in Ohio along with other individuals alleging “racketeering” by contractors at the nuclear complex has been stayed for 120 days to give plaintiffs time to replace their trial lawyers. Magistrate Judge Elizabeth Deavers in the U.S. District Court for Southern […]

A federal suit brought by former security guards at the Department of Energy’s Portsmouth Site in Ohio along with other individuals alleging “racketeering” by contractors at the nuclear complex has been stayed for 120 days to give plaintiffs time to replace their trial lawyers. Magistrate Judge Elizabeth Deavers in the U.S. District Court for Southern […]

A federal district court in Ohio has said attorneys involved in a lawsuit over off-site radioactive contamination from the Department of Energy’s Portsmouth Site in Ohio should explore potential mediation soon. A notice published Friday by Richard Nagel, the federal clerk for the U.S. District Court in Southern Ohio, listed a case brought by Ursula […]