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Fluor wins $1 billion USEC contract

Tue, 30 Sep 2008 08:39:06 -0000

USEC awarded a $1 billion contract to Fluor for work on the enrichment company's Piketon, Ohio gas centrifuge plant, USEC said in a September 25 press statement. The contract, which runs from 2008 to 2012, is for engineering, procurement, construction and construction management services, USEC said. Under the contract, Fluor will be reimbursed for costs and will receive an additional fixed fee. Fluor also can earn an incentive fee based on cost savings it produces, USEC said.

Tags: energy enrichment facility fluor fuel-cycle nuclear nuke.news oh usec

Posted by: theenergynet

Out-of-state $1 billion plant construction could boost Fluor's work force | GreenvilleOnline.com | The Greenville News

Tue, 30 Sep 2008 08:32:38 -0000

A $1 billion job to build a uranium enrichment plant in Ohio is helping to swell Fluor Corp.’s work force in Greenville.
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Fluor spokesman Brian Mershon said more than 250 of the company’s employees in Greenville are working on the contract with USEC Inc. though he couldn’t say how many of them are new hires. Fluor expects to have more than 300 Greenville employees working on the job next year, he said.

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Posted by: theenergynet

USEC gives $1 billion contract to Fluor for nuclear plant - MarketWatch

Sat, 27 Sep 2008 07:19:30 -0000

USEC Inc. ( said Thursday it had awarded a $1 billion contract to Fluor Corp. for the construction of USEC's American centrifuge Plant in Piketon, Ohio. The contract will run until 2012. "This contract is expected to create approximately 1,000 new jobs, including 800 jobs at the Ohio site," said USEC Senior Vice President Philip Sewell. The plant will provide nuclear fuel for power plants

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Posted by: theenergynet

Chillicothe Gazette: Public hearings Wednesday on USEC facilities

Fri, 12 Sep 2008 08:26:35 -0000

The Nuclear Regulatory Commission will conduct two public meetings Wednesday at the Ohio State University South Centers Auditorium at 1864 Shyville Road in Piketon.

The first meeting will begin at 7 p.m., and NRC officials plan to discuss the results of USEC Inc.'s annual review of safety performance with officials from USEC. The second meeting will be conducted immediately after the first and will discuss the NRC's performance review of the American Centrifuge Lead Cascade facility.

Both meetings are open to the public, and officials will be available to answer questions following both meetings.

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Posted by: theenergynet

USEC gets tax break worth $5M - Oak Ridge, TN - The Oak Ridger

Sat, 06 Sep 2008 04:28:58 -0000

A city board endorsed a property tax abatement on Tuesday that could be worth $5 million.

It's the largest tax break approved by the Oak Ridge Industrial Development Board since the abatement policies -- designed to lure new businesses to town -- went into effect several years ago.

Tags: corporate economics fuel-cycle nuclear nuke.news tn usec

Posted by: theenergynet

USEC Inc. Submits Second Part of DOE Loan Guarantee Application - MarketWatch

Sat, 06 Sep 2008 02:21:29 -0000

USEC Inc. submitted on August 29, 2008, the second part of a two-part application for a loan guarantee from the U.S. Department of Energy (DOE) to fund construction of the American Centrifuge Plant in Piketon, Ohio. USEC submitted the first part on July 24, 2008.

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Posted by: theenergynet

USEC reveals 2Q earnings | chillicothegazette.com | Chillicothe Gazette

Fri, 08 Aug 2008 08:22:00 -0000

USEC Inc. this week reported a second-quarter net income of $10.8 million, or 10 cents per fully diluted share.
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The result was a dramatic improvement over a net loss of $13.4 million, or 15 cents per share, for the same quarter in 2007. The results were in line with company expectations and reflect an anticipated decline in separative work unit volume compared to 2007 resulting from the timing of customer refueling cycles.

Tags: economics energy fuel-cycle nuclear nuke.news us usec

Posted by: theenergynet

USEC Updates Progress on the American Centrifuge Plant

Fri, 08 Aug 2008 07:10:09 -0000

USEC Inc. has completed its review of the cost and schedule for the American Centrifuge Plant and affirmed its previously disclosed estimate of completing the project at $3.5 billion, which includes amounts spent to date but excludes financing costs and financial assurance.

Tags: energy enrichment fuel-cycle nuclear nuke.news oh piketon uranium usec

Posted by: theenergynet

USEC Inc. Submits Application for DOE Loan Guarantee - MarketWatch

Mon, 28 Jul 2008 23:32:05 -0000

USEC Inc. has submitted its application for a loan guarantee from the U.S. Department of Energy (DOE) to fund construction of the American Centrifuge Plant in Piketon, Ohio.
DOE invited nuclear energy projects to submit loan guarantee applications on June 30, 2008. The omnibus fiscal year 2008 appropriations act authorized DOE to issue $38.5 billion worth of loan guarantees through the end of fiscal year 2009, with $2 billion for advanced "front-end" nuclear fuel cycle facilities.

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Posted by: theenergynet

Members picked for DOE advisory board | chillicothegazette.com | Chillicothe Gazette

Fri, 25 Jul 2008 04:31:26 -0000

The Energy Department Wednesday released the names of the 20 board members for a new advisory board at the Piketon uranium enrichment facility and set the board's first meeting

The board, which will meet for the first time in September, will advise the DOE on environmental matters.

Among the members are Piketon Mayor Billy Spencer and Waverly school board member Sharon Manson, Lorry Swain of the Southern Ohio Neighbors Group, Ohio University chemical engineering professor Nicholas Dinos and Shawnee State history professor Andrew Feight.

Tags: doe energy enrichment fabrication fuel-cycle ky nuclear oh uranium usec

Posted by: theenergynet

High Court to Hear Uranium Case - washingtonpost.com

Fri, 25 Apr 2008 18:57:33 -0000

The Supreme Court said yesterday that it would hear a dispute between USEC of Bethesda and a French supplier of low-enriched uranium in a case the federal government said has implications not only for the energy industry but also for efforts to dismantle some nuclear weapons.

Tags: energy fuel-cycle lawsuit nuclear nuke.news uranium usec

Posted by: theenergynet