USEC News

The Energy Department may buy experimental centrifuges from Bethesda-based United States Enrichment Corp.

USEC Inc. today entered into a multi-party arrangement with Energy Northwest, the Bonneville Power Administration , the Tennessee Valley Authority and the U. S. Department of Energy to extend uranium enrichment operations at the Paducah Gaseous Diffusion Plant in Paducah, Ky.

USEC Inc. completed a clean sweep of good news for the week Friday when the U.S. House of Representatives overwhelmingly defeated the Pearce-Markey Amendment to H.R. 4310.

But USEC, a Bethesda-based firm that provides fuel for nuclear power reactors, is seeking more federal money to carry out research and development for the American Centrifuge Project, a more efficient enrichment plant in Ohio that the company calls vital to its future.

PADUCAH, Ky. -- One of the circumstances USEC Inc. was hoping for in an effort to boost its stock price has come to pass.

If USEC is unable to secure funding for the RD&D program before May 31, 2012, it would expect to begin demobilizing the project.

USEC Inc., a uranium supplier for nuclear power plants seeking a $2 billion federal loan guarantee to build the nation's largest centrifuge plant, is now in danger of losing its place on the New York Stock Exchange .

USEC Inc. announced Friday that its American Centrifuge project for uranium enrichment has surpassed one million hours of machine run-time in its Lead Cascade test program.

Greetings and welcome to the USEC first quarter 2012 earnings conference call. At this time, all participants are in a listen-only mode.

USEC reported a net loss of $28.8 million, or 24 cents per diluted share, in the first quarter of 2012.