Centrus

The Department of Energy now expects to restart an underground fan at the Waste Isolation Pilot Plant in New Mexico by early fall as a means to bolster airflow until a new permanent ventilation system is operational in a few years.  Restarting the 700-C underground fan should add about 90,000 cubic feet per minute, bringing […]

A federal magistrate judge set an Aug. 4 discovery hearing in a lawsuit about alleged radioactive contamination by current and former contractors at the Department of Energy’s Portsmouth Site in Ohio. The U.S. District Court for Southern Ohio’s Thursday action will help determine what documentation Ursula McGlone and other plaintiffs living within seven miles of […]

Centrus Energy got approval in June from the Nuclear Regulatory Commission to operate a 16-machine cascade at DOE’s Portsmouth Site in Piketon, Ohio, that is intended to take uranium to the upper bounds of low-enrichment. Centrus can operate the cascade until May 31, 2022, under the license amendment the commission approved June 11. The Bethesda, Md.-based […]

Centrus Energy got approval in June from the Nuclear Regulatory Commission to operate a 16-machine cascade at DOE’s Portsmouth Site in Piketon, Ohio, that is intended to take uranium to the upper bounds of low-enrichment. Centrus can operate the cascade until May 31, 2022, under the license amendment the commission approved June 11. The Bethesda, […]

Centrus Energy Corp., Bethesda, Md., said Monday it is now licensed by the Nuclear Regulatory Commission to enrich uranium to about 20% U-235 by weight in Piketon, Ohio — and that company plans a demonstration by early next year. Centrus is under contract to produce high-assay, low-enriched uranium (HALEU) for the Department of Energy under […]

Centrus Energy Corp., Bethesda, Md., said Monday it is now licensed by the Nuclear Regulatory Commission to enrich uranium to about 20% U-235 by weight in Piketon, Ohio — and that company plans a demonstration by early next year. Centrus is under contract to produce high-assay, low-enriched uranium (HALEU) for the Department of Energy under […]

A pilot program to produce high-assay low-enriched uranium at the Portsmouth Site in Piketon, Ohio, will cost $2 million to $3 million more than expected because of the COVID-19 pandemic and vendor reliability, according to DOE’s fiscal year 2022  budget request.  “State COVID related work restrictions initially led to unanticipated costs,” the budget request reads. […]

Current and former contractors at the Department of Energy’s Portsmouth Site in Ohio this week filed a motion to dismiss one of the two class action lawsuits brought against those companies by local residents following the May 2019 disclosure of radioactive contamination of a public school outside the fence. The dismissal motion arrived at about […]

A group of plaintiffs who last year sued current and former Department of Energy contractors at the Portsmouth Site in Ohio have asked a federal court for a four-month delay in the case while they replace two Florida attorneys, one of which is apparently facing disbarment proceedings back home. The plaintiffs, including former Portsmouth security […]

A swap of common shares for preferred shares led to a $2.2-million first-quarter loss for Centrus Energy Corp.’s  common shareholders, as revenue rose across the board, the Bethesda, Md.-based nuclear fuel reseller and enrichment technology developer wrote in its latest quarterly earnings report. Centrus’ net income was $5.1 million for the three months ended March […]

A swap of common shares for preferred shares led to a $2.2-million first-quarter loss for Centrus Energy Corp.’s  common shareholders, as revenue rose across the board, the Bethesda, Md.-based nuclear fuel reseller and enrichment technology developer wrote in its latest quarterly earnings report.  Centrus’ net income was $5.1 million for the three months ended March […]

Centrus Energy Corp. this month finished building all 16 of the AC100M gas centrifuges it plans to use to produce high-energy reactor fuel for the Department of Energy at the Portsmouth Site near Piketon, Ohio, under a $115 million DOE contract from 2019. That’s according to a press release from the Bethesda, Md.-based company, which […]

Centrus Energy Corp. this month finished building all 16 of the AC100M gas centrifuges it plans to use to produce high-energy reactor fuel for the Department of Energy at the Portsmouth Site near Piketon, Ohio, under a $115 million DOE contract from 2019. That’s according to a press release from the Bethesda, Md.-based company, which […]

Earnings improved at Centrus Energy Corp., the Bethesda, Md.,-based fuel broker and nuclear technology company, in both the fourth quarter and 2020 as a whole, according to financial results released late last week. In its Thursday press release, Centrus reported net income of $54.4 million for the 12 months ended Dec. 31, 2020 compared with […]

The National Nuclear Security Administration still has not awarded Nuclear Fuel Services a contract to purify uranium for nuclear weapons programs, but the City of Oak Ridge this week repeated its opposition to the move, which it continued to paint as a job-killer for the region. “The logistics and costs that would be required to […]

The coronavirus pandemic pushed a choice between two competing defense-uranium enrichment technologies to January from December, the National Nuclear Security Administration said Wednesday. It’s the second time this year the agency has delayed the day of reckoning between the AC100 technology that Centrus Energy Corp., Bethesda, Md., started developing around 2012, and a smaller-scale enrichment […]

The coronavirus pandemic pushed a choice between two competing defense-uranium enrichment technologies to January from December, the National Nuclear Security Administration said Wednesday. It’s the second time this year the agency has delayed the day of reckoning between the AC100 technology that Centrus Energy Corp., Bethesda, Md., started developing around 2012, and a smaller-scale enrichment […]

Typical lumpiness in contracts with utilities held uranium fuel-broker and technology developer Centrus Corp. to a net loss in the third quarter of 2020, but the company expects to close out the year with a revenue bang, CEO Daniel Poneman told investors recently. Also, Poneman said, construction of the company’s new, Department of Energy-funded uranium-enrichment […]

A federal magistrate judge has set a status conference Dec. 8 to discuss discovery issues in a lawsuit brought by Southern Ohio residents against current and former contractors at the Department of Energy’s Portsmouth Site in Ohio. U.S. Magistrate Judge Elizabeth Preston Deavers set the conference to discuss issues in the lawsuit brought in May […]

A federal magistrate judge has set a status conference Dec. 8 to discuss discovery issues in a lawsuit brought by Southern Ohio residents against current and former contractors at the Department of Energy’s Portsmouth Site in Ohio. U.S. Magistrate Judge Elizabeth Preston Deavers set the conference to discuss issues in the lawsuit brought in May […]

Typical lumpiness in contracts with utilities held uranium fuel-broker and technology developer Centrus Corp. to a net loss in the third quarter of 2020, but the company expects to close out the year with a revenue bang, CEO Daniel Poneman told investors Friday. Also, Poneman said, construction of the company’s new, Department of Energy-funded uranium-enrichment […]

Another federal lawsuit has been filed against current and former contractors that have performed either uranium enrichment or environmental operations at the Energy Department’s Portsmouth Site in Pike County Ohio. The class action complaint filed Thursday in U.S. District Court for the Southern District of Ohio seeks almost $10 million in damages for an alleged […]

Uranium fuel broker and enrichment-technology developer Centrus Energy posted a profit in the second quarter, rounding out a profitable first half of 2020 in which a major enrichment demonstration contract with the Department of Energy helped stabilize revenue. Second-quarter net income was more than $33.5 million,  or $3.19 per share, up from a loss of […]

Uranium fuel broker and enrichment-technology developer Centrus Energy posted a profit in the second quarter, rounding out a profitable first half of 2020 in which a major enrichment demonstration contract with the Department of Energy helped stabilize revenue. Second-quarter net income was more than $33.5 million,  or $3.19 per share, up from a loss of […]

Like death and taxes, the federal regulatory process continues amid the COVID-19 pandemic, as evidenced by Centrus Energy’s submission of a license application to enrich a 19.75% enriched uranium fuel. The review should be finished by June 2, 2021, according to the Nuclear Regulatory Commission (NRC). That is almost a year sooner than the deadline […]

Like death and taxes, the federal regulatory process continues amid the COVID-19 pandemic, as evidenced by Centrus Energy’s submission of a license application to enrich a 19.75% enriched uranium fuel. The Bethesda, Md.-based company is building a new 16-machine cascade based on its AC100M technology at the Energy Department’s Portsmouth Site near Piketon, Ohio. The […]

Centrus Energy Corp. this week reported $9.3 million of net income attributable to shareholders in the 2020 first quarter, up from a $22.9 million loss a year ago, as revenue improved to $45 million from just under $40 million a year ago, That comes out to earnings of $0.95, on a diluted, per-share basis, up […]

Centrus Energy Corp. on Monday reported $9.3 million of net income in the 2020 first quarter, up from a loss of more than $20 million a year ago, as revenue improved to $45 million from just under $40 million a year ago, That comes out to earnings of $0.95, on a diluted, per-share basis, up […]

Centrus Energy, which is developing a new uranium enrichment cascade for the Department of Energy, is scheduled to report first-quarter 2020 earnings today after U.S. markets close. The Bethesda, Md., nuclear fuel supplier has scheduled a conference call for 8:30 a.m. Eastern time Tuesday on the earnings report for the quarter ended March 31, according […]

Centrus Energy CEO Daniel Poneman will receive the Order of the Rising Sun, Gold and Silver Star from the Japanese government for his work as deputy energy secretary during the Barack Obama administration. Japan will recognize Poneman for “his contributions towards enhancing the relationship between Japan and the United States of America in the energy sector,” […]