“This quarter we posted positive income results and repaid the outstanding balance on our remaining 8.0% notes,” said Daniel Poneman, Centrus president and chief executive officer. “We also completed D&D work on DOE’s K-1600 facility in Oak Ridge on time and on budget and finalized our three-year, $115 million contract with DOE to demonstrate production of advanced reactor fuel.”
Centrus signed a three-year contract with the U.S. Department of Energy to deploy a cascade of centrifuges to demonstrate production of high-assay, low-enriched uranium (HALEU) fuel for advanced reactors
“I’m pleased our team was able to deliver the results the Department expected on a very short timetable,” said Centrus President and CEO Daniel B. Poneman. “This success demonstrates our broad technical capabilities and reflects our strategy of diversifying the business by offering advanced engineering, manufacturing, and D&D services.”
Debt reduced by 70 percent since 2015 BETHESDA, Md. – Centrus Energy Corp. (NYSE American: LEU) announced that it has fully repaid the $27.5 million in outstanding 8.0% PIK toggle notes that matured on September 30, 2019. This is the latest in a series of steps the company has taken to reduce its long-term debt. […]
BETHESDA, Md. – Centrus Energy Corp. (NYSE American: LEU) announced today that Philip O. Strawbridge has been appointed Senior Vice President, Chief Financial Officer, Chief Administrative Officer, and Treasurer of the company effective today. “With extensive C-suite experience in a variety of roles in the nuclear industry, Philip will be an enormous asset as we continue […]
“This quarter we took another step toward restoring a U.S. enrichment capability with the signing of an agreement with the U.S. Department of Energy for the high-assay low-enriched uranium demonstration cascade,” said Daniel Poneman, Centrus president and chief executive officer. “The cascade is an integral component of our larger efforts to develop a fuel cycle to support the next generation of reactors under development around the world."
The conference call will be open to listeners who log in through the Company’s website, www.centrusenergy.com. A link to the call will be located in the Investor Relations section of the website, and a webcast replay will be available through August 26, 2019.
Centrus President and CEO Daniel Poneman provided testimony to the Energy and Natural Resources Committee of the Ohio House of Representatives on Wednesday, May 15, 2019 in support of HB.6. The proposed bill would create a new clean energy fund in Ohio that would support the continued operation of the state’s largest sources of clean energy: the Perry and Davis-Besse nuclear plants in northern Ohio.
“Our first quarter results show progress on our path to align our cost-structure with our current business and grow our order book, keeping us on track to return to profitability in 2020,” said Daniel Poneman, Centrus president and chief executive officer. “We expect to continue to see improved results during the year as we fulfill future sales with lower-cost supplies and our reduced operating expenses.”
The conference call will be open to listeners who log in through the Company’s website, www.centrusenergy.com. A link to the call will be located in the Investor Relations section of the website, and a webcast replay will be available through May 23, 2019.
Centrus’ Board of Directors has approved a second amendment to the Company’s Section 382 Rights Agreement designed to preserve Centrus’ substantial tax assets associated with net operating loss carryforwards (NOLs) under Section 382 of the Internal Revenue Code