A hearing for USEC’s Chapter 11 bankruptcy filing is scheduled to take place this morning in the U.S. Bankruptcy Court for the District of Delaware. USEC announced in early March that a majority of its noteholders and major investors backed the financial restructuring plan, which would replace $530 millin in debt with a new debt totaling $240.4 million. The company’s case gained increased media attention after a recent court filing showed that around $15 million had been paid to company executives in the year before the bankruptcy case, much of it in bonuses.
USEC BANKRUPTCY COURT HEARING SCHEDULED FOR TODAY
West Virginia becomes sixth state picked under DOE’s nuclear campus program
West Virginia has been selected as a finalist to host a nuclear campus under a high-profile Department of Energy program Gov. Patrick Morrisey (R) announced in a Tuesday press conference. West Virginia is now the sixth state to be considered for a nuclear lifecycle innovation campus, joining Idaho, Louisiana, Oklahoma, Tennessee and Utah, which were […]