Additionally, the company said that the project will deploy a DOE developed innovative technology that was improved by USEC
recently and about which DOE and USEC
have been in discussions to collaboratively work via a Research, Development and Demonstration (RD&D) programme to reduce further technical project execution and financial risks for commercialising the technology.
In 2000, USEC
discovered that 9,550 metric tons of that inventory may have contained elevated levels of technetium, making it out-of-specification according to standards for uranium hexafluoride for enrichment as set by the American Society for Testing and Materials.
As of February 28, 2006, USEC
reported that about 10 percent of the contaminated uranium that DOE transferred to the corporation prior to privatization remains to be decontaminated, or about 960 metric tons of the 9,550 contaminated metric tons transferred.
rigorously utilizes a roll-out plan format, and this one would be especially important.
As with all of our analysis, our USEC
reporting was independent and unbiased.
This is our sixth year of implementing the 'Megatons to Megawatts' program, and we are ahead of the original government schedule," said USEC
president and CEO William Timbers.
William Timbers, CEO and president of the new and old company, earned $325,000 when USEC
was in public hands.
Economists note that even if a privatized USEC
does become more efficient, it's questionable whether those savings will filter down to American nuclear power consumers: With an almost total monopoly on nuclear fuel production in the U.
Under the terms of the contract, the supply of LEU to USEC
will begin in 2013 and ramp up until it reaches a level in 2015 that is approximately one-half the level currently supplied by TENEX to USEC
under the Megatons to Megawatts program with the mutual option to increase the quantities up to the same level as that program.
Additionally, the investment initiates the formation of American Centrifuge Manufacturing (ACM), a joint venture between B&W and USEC
employees have already begun to mobilize and are raising funds for the relief effort.
We are pleased with the progress being made between DOE and USEC
staff to develop the terms and conditions for a conditional commitment," said John K.