Bethesda, Md.-based uranium broker and enrichment technology developer Centrus Energy will hold its third quarter earnings call for this year on Nov. 6 at 8:30 a.m. Eastern Time.
The company’s third quarter, which ended on Sept. 30, will also be released on Nov. 5 prior to the earnings call with Wall Street analysts. Centrus experienced a decrease in its quarterly earnings last quarter due to a decrease in the volume of uranium sold. However, it reported an increase in revenue for its enrichment technology business with high-assay low-enriched uranium (HALEU).
Centrus has been busy as of late as the company announced plans on Sept. 25 to expand its uranium enrichment plant in Piketon, Ohio in a “multi-billion dollar investment”, it said. The company said the scope of the expansion of the plant is dependent on Department of Energy funding decisions for low-enriched uranium and HALEU.
Rep. Mike Lawler (R-N.Y.) introduced a bill Tuesday that pushes for more oversight and public accountability for how nuclear power plants use their decommissioning funds.
Lawler’s bill, Reactor Expenditure Accountability and Compliance Transparency (REACT), directs the Nuclear Regulatory Commission to require nuclear plant licensees to provide more detailed and transparent reporting in their financial assurance status reports.
These reports include earned interest, projected annual returns and a full accounting of expenses drawn from decommissioning trust funds, according to Lawler’s Tuesday press release.
BWX Technologies (BWXT) said this week it has hired Bill Walker as its vice president, government and stakeholder relations in Canada, a newly-created post.
A three-term member of the Provincial Parliament and deputy speaker of the Ontario Legislature, Walker has more than 30 years of experience in government, energy and not-for-profit sectors, BWXT said in the Monday press release. Walker has also been the associate minister of Energy and Minister of Government and Consumer Services, BWXT said.
On the energy front, Walker worked as a consultant in the Marketing and Business Development division at Atkins-Realis and was president and CEO for the Organization of Canadian Nuclear Industries, BWXT said.
The federal shutdown enters its 27th day on Monday Oct. 27 and with no breakthrough expected soon, the Department of Energy has called off next week’s meeting of advisory board leaders for the Office of Environmental Management (EM).
In an announcement emailed to Exchange Monitor late Friday Oct. 17, DOE said the EM Site-Specific Advisory Board (EM SSAB) Chairs virtual meeting scheduled for Oct. 28 has been cancelled.
According to the EM advisory boards website, a meeting of the Idaho Cleanup Advisory Board scheduled for Thursday Oct. 23 has also been called off. In its announcement, DOE said interested parties should visit the advisory boards website for updates related to future advisory board meetings.
NuScale Power, the Oregon-based developer of small modular reactor technology, has selected James Canafax as its chief legal officer and corporate secretary, the company said Monday.
Canafax was most recently general counsel and chief compliance officer at Maritime Partners, NuScale said in a press release. Canafax is also a former senior vice president and general counsel at BWX Technologies, which he left in 2018. He also held key legal positions at BWXT predecessor companies, according to Canafax’s Linkedin page.
Founded in 2007, NuScale is the first company to have its small modular reactor designs certified by the Nuclear Regulatory Commission.