Prudent spending during first quarter of 2014 allows no-cost
extension of RD&D
Constructive discussions continue with Oak Ridge National
Laboratory on future program
BETHESDA, Md.--(BUSINESS WIRE)--Apr. 15, 2014--
USEC Inc. (NYSE:USU) and the U.S. Department of Energy (DOE) have agreed
to extend the research, development and demonstration (RD&D) program for
the American Centrifuge uranium enrichment techno...
Net loss of $158.9 million due primarily to non-production costs
related to Paducah GDP transition
Positive cash flow from operations supports year-end cash
balance of $314 million
USEC continues to pursue restructuring through a pre-arranged
Chapter 11 filing
Funding for American Centrifuge RD&D Program in place through
April 15, 2014; discussions on further government funding for ...
Files voluntary, prearranged plan of reorganization under
Plan supported by majority of noteholders and by preferred
investors, Toshiba and B&W
Daily operations continue unaffected
Filing relates only to parent company
USEC to fully meet obligations to customers and suppliers as
USEC terminates Tax Benefit Prese...
Personnel and Backup Systems Successfully Meet Stress Test of a
Total Power Outage
Further Affirmation of Centrifuge Operational and Technical
Readiness and Robustness
DOE, NRC Representatives Observe Test
Test Follows Recent Milestone Achievements for Technology Critical
to National and Energy Security
BETHESDA, Md.--(BUSINESS WIRE)--Dec. 23, 2013--
The USEC Inc. (NYS...
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