Centrus

Centrus Energy expects the Department of Energy by Oct. 31 to finalize the company’s contract to build a new uranium enrichment cascade in Ohio, according to a filing with the U.S. Securities and Exchange Commission. A temporary DOE letter contract with the Bethesda, Md., nuclear fuel company’s American Centrifuge Operating Co. subsidiary authorizes $6.4 million […]

Marian Davis has resigned as chief financial officer of uranium fuel broker and enrichment technology company Centrus Energy Corp., according to a regulatory filing. Davis submitted her letter of resignation June 7 and was expected to leave the company after it filed its 10-Q report on quarterly earnings for the period ended June 30, according […]

Centrus Energy expects the Department of Energy by Oct. 31 to finalize the company’s contract to build a new uranium enrichment cascade in Ohio, according to a filing with the U.S. Securities and Exchange Commission. A temporary DOE letter contract with the Bethesda, Md., nuclear fuel company’s American Centrifuge Operating Co. subsidiary authorizes $6.4 million […]

Marian Davis has resigned as chief financial officer of uranium fuel broker and enrichment technology company Centrus Energy Corp., according to a regulatory filing. Davis submitted her letter of resignation June 7 and was expected to leave the company after it filed its 10-Q report on quarterly earnings for the period ended June 30, according […]

Centrus Energy Corp. has started work on a next-generation uranium enrichment cascade that could give the company a leg up in the competition to build the next domestic enrichment facility for national defense, according to a document published Wednesday by the U.S. Nuclear Regulatory Commission. In a June 27 letter to the federal regulator, the Bethesda, Md., […]

Centrus Energy Corp. has started work on a next-generation uranium enrichment cascade that could give the company a leg up in the competition to build the next domestic enrichment facility for national defense, according to a document published Wednesday by the U.S. Nuclear Regulatory Commission. In a June 27 letter to the federal regulator, the […]

Two class-action lawsuits have now been filed against companies doing work at the Energy Department’s Portsmouth Site in Ohio since a nearby middle school was closed due to the potential spread of radioactive contamination. On June 28, two individuals who have long lived within 2 miles of the former gaseous diffusion plant filed suit against […]

Two class-action lawsuits have now been filed against companies doing work at the Energy Department’s Portsmouth Site in Ohio since a nearby middle school was closed due to the potential spread of radioactive contamination. On Friday, two individuals who have long lived within 2 miles of the former gaseous diffusion plant filed suit against Centrus […]

The Energy Department published its justification May 31 for contracting a Centrus Energy subsidiary to demonstrate high-assay low enriched uranium (HALEU) production without competitive bidding. The federal government wants to deploy a 16-machine cascade at the Portsmouth Site in Ohio to demonstrate production of 19.75% enriched uranium fuel by June 2022 using domestic technology. Centrus’ […]

The Energy Department published its justification for contracting a Centrus Energy subsidiary to demonstrate high-assay low enriched uranium (HALEU) production without competitive bidding. The federal government wants to deploy a 16-machine cascade at the Portsmouth Site in Ohio to demonstrate production of 19.75% enriched uranium fuel by June 2022 using domestic technology. Centrus’ American Centrifuge Operating LLC […]

The Energy Department Friday published its justification for contracting a Centrus Energy subsidiary to demonstrate high-assay low enriched uranium (HALEU) production without competitive bidding. The federal government wants to deploy a 16-machine cascade at the Portsmouth Site in Ohio to demonstrate production of 19.75% enriched uranium fuel by June 2022 using domestic technology. Centrus’ American […]

Centrus Energy Corp. expects to receive a Department of Energy contract to produce an unspecified quantity of energy-dense low-enriched uranium “in the near term,” President and CEO Daniel Poneman said Thursday. “[W]e continue to negotiate with the Department of Energy on the contract to build a high-assay-low-enriched uranium [HALEU] demonstration cascade, utilizing our improved AC-100M […]

Sen. Martin Heinrich (D-N.M.) on Tuesday again tried to put New Mexico in line for a piece of the high-assay low-enriched uranium market the Department of Energy is trying to spark with a promised sole-source contract award to Centrus Corp. The DOE Office of Nuclear Energy in January announced it planned to award Bethedsa, Md.-based […]

Sen. Martin Heinrich (D-N.M.) on Tuesday again tried to put New Mexico in line for a piece of the high-assay low-enriched uranium market the Department of Energy is trying to spark with a promised sole-source contract award to Centrus Corp. The DOE Office of Nuclear Energy in January announced it planned to award Bethedsa, Md.-based […]

Maryland-based Centrus Energy will hold its annual stockholders online meeting at 10 a.m. ET on June 6. “You will be able to participate in the meeting, vote, and submit questions during the meeting by visiting www.virtualshareholdermeeting.com/LEU2019,” and entering a control number mailed to shareholders, Centrus President and CEO Daniel Poneman and Board Chairman Mikel Williams […]

Maryland-based Centrus Energy will hold its annual stockholders online meeting at 10 a.m. ET on June 6. “You will be able to participate in the meeting, vote, and submit questions during the meeting by visiting www.virtualshareholdermeeting.com/LEU2019,” and entering a control number mailed to shareholders, Centrus President and CEO Daniel Poneman and Board Chairman Mikel Williams […]

Sen. Martin Heinrich (D-N.M.) this week grilled Energy Secretary Rick Perry about the Department of Energy’s plans to award Centrus Corp. a sole-source contract for domestic uranium enrichment. On Jan. 7, DOE issued a notice of intent to award Centrus a contract potentially worth $115 million over three years to deploy a cascade of 16 […]

Centrus Energy should wrap up $15 million worth of decontamination and decommissioning at the Energy Department’s Oak Ridge Site in Tennessee by Sept. 30, according to a financial filing Monday. Last September, DOE issued the contract to the Maryland-based company to prepare the K-1600 building for demolition. Centrus leased the K-1600 building to further test […]

Centrus Energy should wrap up $15 million worth of decontamination and decommissioning at the Energy Department’s Oak Ridge Site in Tennessee by Sept. 30, according to a financial filing Monday. Last September, DOE issued the contract to the Maryland-based company to prepare the K-1600 building for demolition. Centrus leased space in K-1600 to further test […]

A New Mexico lawmaker questioned Tuesday why the Energy Department plans to issue a $115 million sole-source contract for Centrus Energy to build new uranium enrichment equipment at the Portsmouth Site in Ohio. Sen. Martin Heinrich (D-N.M.) posed the question to Energy Secretary Rick Perry during a hearing DOE’s budget request for fiscal 2020. Heinrich […]

Centrus Energy on Thursday reported a decline in revenue for both the fourth quarter of 2018 and the year in whole. The Bethesda, Md.-based nuclear fuel provider reported revenue of about $84 million for the quarter ended Dec. 31, and $193 million for 2018, down respectively from $117 million and $218 million for the corresponding […]

Centrus Energy on Thursday reported a decline in revenue for both the fourth quarter of 2018 and the year in whole. The Bethesda, Md.-based nuclear fuel provider reported revenue of about $84 million for the quarter ended Dec. 31, and $193 million for 2018, down respectively from $117 million and $218 million for the corresponding […]

The Department of Energy has yet to reply to an angry letter from Sen. John Barrasso (R-Wyo.) demanding details about the agency’s plan to help Centrus Energy Corp. build a new uranium enrichment cascade in Ohio. A Senate aide said Friday that DOE had not respond to the Jan. 23 letter, despite Barrasso’s request for […]

As of early this week, the Department of Energy had yet to reply to an angry letter from Sen. John Barrasso (R-Wyo.) demanding details about the agency’s plan to help Centrus Energy Corp. build a new uranium enrichment cascade in Ohio. A Senate aide said Monday that DOE had not respond to the Jan. 23 […]

Sen. John Barrasso (R-Wyo.) thinks the Department of Energy may not have the authority to fund a new uranium enrichment cascade under a $115 million sole-source contract announced with Centrus Energy earlier this month. “Congress did not authorize or fund this project in the 2019 annual budget appropriations process,” Barrasso wrote in a Wednesday letter […]

Centrus Energy, the former government-owned U.S. Enrichment Corp., got a lifeline this week from the Department of Energy to build a new 16-machine enrichment centrifuge cascade in Ohio, potentially strengthening the company’s ability to help the National Nuclear Security Administration (NNSA) produce tritium for nuclear weapons in about 20 years. Under a contract awarded Monday […]

The Department of Energy said Monday it plans to hire a Centrus Energy subsidiary to demonstrate a new nuclear fuel product for use in federal research into advanced reactors. In a notice of intent on the FedBizOpps.gov website, DOE’s Nuclear Energy Oak Ridge, Tenn., Site Office said American Centrifuge Operating would be hired to develop […]

The $15 million contract Centrus Energy was awarded last month for decontamination and decommissioning (D&D) at the Energy Department’s Oak Ridge Reservation in Tennessee demonstrates the company is tapping new markets while riding out tough times in the nuclear fuel business, managers said Thursday. The work authorization to prepare the K-1600 facility at the East […]

Lynchburg, Va.-based BWX Technologies will issue its quarterly earnings report for the three months ended Sept. 30 after market close Tuesday, then will discuss the results in a conference call at 8:30 a.m. EST Wednesday. In August, BWX Technologies reported $439 million in revenue for the second quarter of 2018, a 7.1 percent uptick from […]

The Energy Department has retained Centrus Energy to prepare the K-1600 facility at the Oak Ridge Reservation in Tennessee for 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 […]