When asked if the retooled company would more resemble Envirocare, the company that combined acquisitions to become EnergySolutions, than a U.S. version of AREVA, which then-CEO Steve Creamer envisioned for an expanded EnergySolutions prior to the company’s first initial public offering in 2007, Parker said: “A lot of things have changed since 2007. … You’ve got to transition, to get up off the canvas.” He added, “No, we’re not going to be Envirocare. More like a Duratek combined with Envirocare, with a couple of specialty project capabilities.”
The potential sale of EnergySolutions’ European business, which operates the Magnox cleanup in the UK, would go directly to paying down company debt, Parker said. “We have been looking at that as a chance for debt retirement. If you want to balance your books, you have to have something to sell. These contracts are very attractive, and very valuable.” The company has not ruled out the possibility of seeking a sale of other business segments as they retool their balance sheets: “At this moment, the [European segment] is the only thing we have out for consideration. But I would tell you, as we sort through the core assets of our business and determine what things are on the periphery, other things could be for sale,” he said.