USEC Inc.

USEC Inc. (NYSE:USU) announced today that it is implementing the agreement reached with a majority of the holders of its senior unsecured convertible notes that was announced in December 2013. This agreement sets forth the terms of a financial restructuring plan to strengthen the company’s balance sheet, enhance its ability to sponsor the American [...]

The USEC Inc. (NYSE:USU) American Centrifuge program in Piketon, Ohio, has successfully passed an unannounced “station blackout” test that is part of a program to prove the uranium enrichment technology’s technical readiness. Technicians, without warning, interrupted the external power supply to the commercial demonstration cascade facilities in [...]

USEC Inc. (NYSE:USU) was informed today by the United States Department of Energy (DOE) that it is prepared to extend the American Centrifuge cooperative research, development and demonstration (RD&D) program for three months beyond January 15, 2014, subject to Congressional appropriations. DOE and USEC will share costs of the program on an [...]

USEC Inc. (NYSE:USU) has reached an agreement with a majority of the holders of its senior convertible notes on the terms of a financial restructuring plan that will strengthen the company’s balance sheet, enhance its ability to sponsor the American Centrifuge project and improve its long-term business opportunities. Under the terms of the [...]

USEC Inc. (NYSE: USU) today shipped the last cylinders of low enriched uranium under the Megatons to Megawatts program from the Port of Baltimore to its facility in Paducah, Ky. Since 1995, USEC has purchased more than 14,000 metric tons of low enriched uranium downblended from 500 metric tons of weapons-grade uranium that has been extracted from [...]

Please replace the release with the following corrected version due to multiple revisions. The corrected release reads: USEC ACHIEVES AMERICAN CENTRIFUGE RD&D MILESTONES USEC Inc. (NYSE:USU) announced that over this past weekend a full production-scale cascade of 120-machines achieved 20-machine years of operations at commercial plant [...]

USEC Inc. (NYSE:USU) announced that a demonstration cascade of 120-machines has operated at commercial plant specifications for 20-machine years. During that performance run, USEC successfully completed the final three milestones set by the Department of Energy (DOE) for the American Centrifuge research, development and demonstration (RD&D [...]

USEC Inc. (NYSE: USU) learned today that the United States International Trade Commission (ITC) today voted 3-1 to leave in place duties on French low enriched uranium. The duties were first established in 2002 and renewed in 2007 following a comprehensive investigation by the U.S. Commerce Department and the ITC. The vote ensures that the U.S [...]

USEC Inc. (NYSE:USU) today reported a net loss of $44.3 million or $9.04 per basic and diluted share for the quarter ended September 30, 2013, compared to net income of $4.5 million or 92 cents per basic and diluted share for the third quarter of 2012. For the nine-month period ended September 30, 2013, the net loss reported was $87.2 million or [...]

USEC Inc. (NYSE:USU) will broadcast its next quarterly conference call with shareholders and the financial community over the Internet on Tuesday, November 5, 2013, at 8:30 a.m. ET. The Company will release its third quarter 2013 earnings report, which ended September 30, 2013, after the close of markets on Monday, November 4. The regularly [...]