Uranium Enrichment & Fuel Cycle

Swift & Staley Earns 95 Percent of FY’14 Award Fee for Infrastructure Support WC Monitor 3/27/2015 Swift & Staley, the infrastructure support services contractor at the Paducah Gaseous Diffusion Plant, earned 95 percent of its available award fee in Fiscal Year 2014, according to information the Department of Energy released this week. The contractor received […]

Kenneth Fletcher NS&D Monitor 3/27/2015 Another lawmaker raised concerns this week regarding former Deputy Energy Secretary Dan Poneman’s new position as CEO of Centrus Energy Corp., as Sen. Dianne Feinstein (D-Calif.) questioned Poneman’s potential influence on Department of Energy staff. Earlier this month the uranium enrichment firm, which under its previous name USEC received substantial […]

Kenneth Fletcher RW Monitor 3/27/2015 Another lawmaker raised concerns this week regarding former Deputy Energy Secretary Dan Poneman’s new position as CEO of Centrus Energy Corp., as Sen. Dianne Feinstein (D-Calif.) questioned Poneman’s potential influence on Department of Energy staff. Earlier this month the uranium enrichment firm, which under its previous name USEC received substantial […]

Another lawmaker is raising concerns about former Deputy Energy Secretary Dan Poneman’s new position as CEO of Centrus Energy Corp. as Sen. Dianne Feinstein (D-Calif.) questioned Poneman’s potential influence on Department of Energy staff yesterday at a Senate Energy and Water Appropriations Subcommittee hearing with Energy Secretary Ernest Moniz. Earlier this month the uranium enrichment […]

Swift & Staley’s contract for infrastructure support services at the Paducah Gaseous Diffusion Plant will be extended for three months for a value of $14.5 million, the Department of Energy announced Friday. The contract had been set to expire on March 30 and comes after bids for DOE’s follow-on contract were delivered in December. The […]

Mike Nartker WC Monitor 3/20/2015 As the Department of Energy works on a new Secretarial determination to govern future transfers of excess uranium to help fund cleanup work, among other activities, DOE appears to be considering a potential decrease in the amount of material to be provided, according to information the Department released this week. […]

Kenneth Fletcher WC Monitor 3/20/2015 Portsmouth site facility support services contractor Wastren-EnergX Mission Support, LLC, earned 93 percent of its available Fiscal Year 2014 fee, or $1.44 million out of $1.56 million available, according to fee information the Department of Energy released this week. Overall, the contractor received an “excellent” rating from DOE’s Portsmouth/Paducah Project […]

Kenneth Fletcher RW Monitor 3/20/2015 Uranium enrichment company Centrus Energy Corporation reported a net income of $297.8 million for 2014, a big boost compared to the net loss of $158.9 million the company experienced in 2013, according to financial results released this week. Revenue from low enriched uranium sales declined 65 percent last year after […]

Portsmouth site facility support services contractor Wastren-EnergX Mission Support, LLC, in Fiscal Year 2014 earned 93 percent of its fee, or $1.44 million out of $1.56 million available, according to fee information the Department of Energy released this week. Overall, the contractor received an “excellent” rating from DOE’s Portsmouth/Paducah Project Office, an improvement over a […]

Uranium enrichment company Centrus Energy Corporation reported a net income of $297.8 million for 2014, a big boost compared to the net loss of $42.3 million in 2013, according to financial results released yesterday. Revenue from low enriched uranium declined 65 percent last year after the end of operations at the Paducah Gaseous Diffusion Plant, […]

With the Department of Energy working on a new Secretarial determination concerning transfers of excess uranium to help fund cleanup work and nonproliferation efforts, DOE yesterday launched a new public comment period on a proposed list of factors identified for analysis of the impacts DOE transfers could have on the uranium mining, conversion, and enrichment […]

Kenneth Fletcher and Todd Jacobson WC Monitor 3/13/2015 The appointment of former Deputy Secretary of Energy Dan Poneman as the new President and CEO of uranium enrichment firm Centrus Energy Corp. is causing concern among some on Capitol Hill. During Poneman’s tenure at DOE, the Department played a big role in plans by the company, […]

Kenneth Fletcher WC Monitor 5/12/2015 B&W Conversion Services, LLC, the managing contractor for the Department of Energy’s two depleted uranium hexafluoride (DUF6) conversion plants, earned 72 percent of the total available award fee for Fiscal Year 2014—$1.51 million out of $2.10 million, according to information DOE released this week. That is up from FY’13, when […]

Kenneth Fletcher and Todd Jacobson NS&D Monitor 3/13/2015 The appointment of former Deputy Secretary of Energy Dan Poneman as the new President and CEO of uranium enrichment firm Centrus Energy Corp. is causing concerns among some on Capitol Hill. During Poneman’s tenure at DOE, the Department played a big role in plans by the company, […]

Kenneth Fletcher and Todd Jacobson RW Monitor 3/13/2015 The appointment of former Deputy Secretary of Energy Dan Poneman as the new President and CEO of uranium enrichment firm Centrus Energy Corp. is causing concerns among some on Capitol Hill. During Poneman’s tenure at DOE, the Department played a big role in plans by the company, […]

Former Deputy Energy Secretary Dan Poneman, now the new CEO for uranium enrichment company Centrus Energy Corp., will earn about $1.38 million in his first year at the company, according to a filing yesterday with the Securities and Exchange Commission. That includes a base salary of $750,000 and an annual bonus for Fiscal Year 2015 […]

After struggling in the past to meet listing requirements for the New York Stock Exchange, Centrus Energy Corp. yesterday announced it would move to the NYSE MKT trading platform, which is geared toward companies with a smaller market capitalization. The decision comes after a Chapter 11 bankruptcy financial restructuring wrapped up last fall. Prior to […]

B&W Conversion Services, LLC, the managing contractor for the Department of Energy’s two depleted uranium hexafluoride conversion plants, earned 72 percent of the total available performance award fee for Fiscal Year 2014—$1.51 million out of $2.10 million, according to information DOE released this week. That is up from FY’13, when BWCS earned 66 percent of […]

Kenneth Fletcher WC Monitor 3/6/2015 Former Deputy Secretary of Energy Dan Poneman has been named president and chief executive officer of uranium enrichment firm Centrus Energy Corp. Poneman, who left his DOE post in October 2014 after being the longest serving deputy secretary, is known for his DOE work on nonproliferation and nuclear energy policy, […]

Kenneth Fletcher RW Monitor 3/6/2015 Former Deputy Secretary of Energy Dan Poneman has been named president and chief executive officer of uranium enrichment firm Centrus Energy Corp. Poneman, who left his DOE post in October 2014 after being the longest serving deputy secretary, is known for his DOE work on nonproliferation and nuclear energy policy, […]

Jeremy L. Dillon NS&D Monitor 3/6/2015 Following a $5.4 billion loss for 2014, AREVA this week announced plans to cut costs and re-focus the company on core business. The plan calls for AREVA to refocus on core nuclear processes, re-forge the partnership with EDF, and strengthen the development of its presence in China in an […]

Kenneth Fletcher NS&D Monitor 5/6/2015 Former Department of Energy Deputy Secretary Dan Poneman has been named president and chief executive officer of uranium enrichment firm Centrus Energy Corp. Poneman, who left his DOE post in October 2014 as the longest serving deputy secretary, is known for his DOE work on nonproliferation and nuclear energy policy, […]

Jeremy L. Dillon RW Monitor 3/6/2015 Following a $5.4 billion loss for 2014, AREVA this week announced plans to cut costs and re-focus the company on core business. The plan calls for AREVA to refocus on core nuclear processes, re-forge the partnership with EDF, and strengthen the development of its presence in China in an […]

Following a $5.4 billion loss for 2014, AREVA yesterday announced plans to cut costs and re-focus the company on core business. The plan calls for AREVA to refocus on core nuclear processes, re-forge the partnership with EDF, and strengthen the development of its presence in China. The cost cuts should result in savings of $1 […]

Bidders on the new Portsmouth infrastructure support services now have an extra two weeks to prepare and submit proposals. Late last week, the Department of Energy issued an amendment to the Request for Proposals for the new contract moving the bid due date to March 12, from an earlier deadline of Feb. 26. The move […]

Mike Nartker and Kenneth Fletcher WC Monitor 2/13/2015 Lawmakers this week questioned the Department of Energy’s proposed funding cut next year for cleanup work at the Portsmouth and Paducah gaseous diffusion plants. DOE’s Fiscal Year 2016 budget request would provide $167 million funding for D&D work at Portsmouth, a cut of approximately $49 million from […]

Rep. Ed Whitfield (R-Ky.) yesterday criticized the Department of Energy’s proposed cleanup budget next year for the Paducah Gaseous Diffusion Plant. In its Fiscal Year 2016 budget request, DOE is seeking approximately $168.7 million in D&D funding, a cut of approximately $38 million from current funding levels. DOE has sought to explain the proposed cut […]

Kenneth Fletcher NS&D Monitor 1/30/2015 Oak Ridge National Laboratory has extended its American Centrifuge Technology Demonstration and Operations contract with Centrus Energy Corp. through Sept. 30. The $41.7 million deal was expected after the Fiscal Year 2015 omnibus spending bill included $97.2 million for domestic uranium enrichment research, development and demonstration. Under the agreement, Oak […]

Claims Comes On Top of 2013 USEC Suit for $38 Million Kenneth Fletcher WC Monitor 1/30/2015 The United States Enrichment Corporation (now a subsidiary of Centrus Energy Corp.) late last week filed suit against the Department of Energy demanding $42.8 million for costs related to pension benefits the company paid to workers at the Portsmouth […]

Opposition to German Shipments Continues, Greenpeace Questions Legality  Kenneth Fletcher WC Monitor 1/30/2015 The Department of Energy and Belgium’s National Institute for Radioelements have signed a statement of intent on potentially processing in the United States highly enriched uranium targets that are residue from the production of molybdenum-99 for medical use, the National Nuclear Security […]