USEC FILES FOR CHAPTER 11 BANKRUPTCY

USEC filed for Chapter 11 bankruptcy yesterday after reaching an agreement with investors and  the majority of bondholders on its financial restructuring plan. This comes after the company announced in December it planned to file for Chapter 11 due to a market…

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Centrus starts shipping new centrifuges to Ohio from Oak Ridge

Bethesda, Md. uranium broker Centrus Energy has manufactured its first centrifuge and is shipping it to its uranium enrichment facility in Piketon, Ohio, the company said Oct. 29.

The centrifuge was made at Centrus’ Oak Ridge, Tenn. facility. This centrifuge…

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