USEC

To propel interest and bolster development of advanced nuclear reactor designs, the Department of Energy (DOE) will demonstrate—by October 2020—the production of high assay low enriched uranium (HALEU) fuel in a first-of-its-kind $115 million project at the agency’s uranium enrichment facility in Piketon, Ohio.  HALEU is nuclear fuel that is enriched to a higher degree […]

While GE-Hitachi Global Laser Enrichment (GLE) confirmed it hasn’t made a formal decision to proceed with licensing or construction of a laser enrichment facility at Paducah, Ky., the Department of Energy (DOE) announced it has agreed to sell depleted uranium to the company over a 40-year period to help produce nuclear power plant fuel. The […]

On June 9, the U.S. Government Accountability Office (GAO) announced six recommended actions designed to improve transparency of Department of Energy (DOE) uranium transactions. The recommendations were developed following a review of four transactions that took place in 2012 and 2013 between the DOE and USEC Inc. USEC is a supplier of nuclear fuel to […]

U.S. nuclear reactor enriched uranium fuel supplier USEC will voluntarily file for bankruptcy protection as part of a restructuring plan to boost financial support for its much-watched gas centrifuge uranium enrichment project at the American Centrifuge Plant in Piketon, Ohio.  The company announced on Dec. 16 that it had reached an agreement with majority shareholders […]