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 said in a Tuesday notice.
In addition, the Centrus board on April 4 took action to preserve a type of tax credit, called net operating loss carryforwards (NOLs), through April 5, 2022. The company said in a press release the board had voted to extend these tax assets under Section 382 of the Internal Revenue Code.
Preserving the tax credit could allow Centrus to use it to offset taxable income in some situations.
The company is a provider of nuclear fuel services. The Energy Department’s semiautonomous National Nuclear Security Administration (NNSA) is looking at Centrus technology as a potential future source of low-enriched uranium to produce tritium for nuclear weapons. Some lawmakers, however, have questioned potential issuance of a contract for high-assay low-enriched uranium without competitive bidding.
The company was incorporated in 1998 as part of the privatization of the United States Enrichment Corp., which was part of the Energy Department. The former USEC emerged from Chapter 11 bankruptcy reorganization on Sept. 30, 2014.
