“This collaboration between X-energy and Centrus puts our two companies at the forefront of the effort to supply the fuel for the next generation of nuclear reactors,” said Daniel Poneman, president and CEO of Centrus. “We see great promise in this market and believe the advanced TRISO fuel to be produced in this facility will offer an attractive and competitive solution to power advanced reactors around the world.”
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
“Declining prices in the enrichment market were the biggest driver in our losses for the year, but the market has finally begun to turn around and we made a number of important strides that will improve the fundamentals of our business moving forward,” said Daniel B. Poneman, Centrus president and chief executive officer.
“This practical, bipartisan legislation would leverage American innovation so that we can lead the way in building and fueling the next generation of advanced reactors here at home and around the world. Reclaiming America’s position as a major supplier of commercial nuclear technologies through the deployment of advanced reactors and fuel would create high-wage, clean energy jobs while supporting our energy security and nonproliferation efforts."
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 April 12, 2019.
Last week, Centrus took another step forward in its larger effort to reduce, restructure, and retire its long-term debt. Since these actions have unfolded in several phases, the Company is providing a more comprehensive update on what the effort has achieved. At the end of 2015, the Company’s debt stood at approximately $247.6 million; the […]
“The past several months have been productive for our sales team in winning new business and broadening our customer base,” said Centrus President and CEO Daniel B. Poneman. “We are encouraged not only by these new sales, but also by the fact that the published price indicators for the spot enrichment market have risen in each of the last two months, which are the first such increases since 2010.”
“Our core nuclear fuel segment showed positive results this quarter as our purchase costs continued to decline,” said Daniel B. Poneman, president and chief executive officer. “Despite a difficult market, we continue to make new sales to bolster our long-term order book, and we are well positioned with a diverse supply base to compete for the new business we anticipate will emerge in the early 2020s.