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splanton 14928 posts  |  Last Activity: Jul 20, 2013 10:40 AM Member since: Mar 11, 1999
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  • splanton by splanton Jul 20, 2013 10:40 AM Flag

    BETHESDA, Md., Jul 19, 2013 (BUSINESS WIRE) -- USEC Inc. USU +29.27% made the following statement: In view of the unusual market activity in the company's stock, the New York Stock Exchange has contacted the company in accordance with its usual practice. The company stated that its policy is not to comment on unusual market activity.

    USEC Inc., a global energy company, is a leading supplier of enriched uranium fuel for commercial nuclear power plant

  • splanton by splanton Jul 17, 2013 7:51 PM Flag

    (SNIP):
    MCCRACKEN COUNTY, Ky. - Layoffs are set to start next month, the plant is closing, and the future for thousands of families is in jeopardy.

    Other companies have made it clear they want the opportunity to enrich uranium at the Paducah Gaseous Diffusion Plant after the United States Enrichment Corporation leaves.

    A spokesperson from the Department of Energy told Local 6 there are more than ten businesses who have expressed interest.

    Chad Chancellor with Paducah Economic Development said he's met with representatives from four of them, most recently GE Hitachi. They use Australian laser enrichment technology known as SILEX to enrich uranium.

    G.E. Hitachi wants permission to re-enrich the depleted uranium tales at the site, which are "left overs" from years of production.

    Chancellor said they're willing to invest up to a million dollars.

    "We have talked at different times from 250 jobs to four or five hundred, but I think a lot of it is still very much negotiable," Chancellor said.

    Chancellor said other companies have indicated they want to continue using gaseous diffusion, like what USEC is doing now.

    He wonders if the DOE would grant those companies permission, since they didn't let USEC continue enriching uranium.

    "We did meet with three or four, they were the only ones who had a technology that we felt would create jobs for the long term future. We met with several entities that would like to run the plant as it was, which we would love to see make no mistake about it," Chancellor said.

    Bottom line: gaseous diffusion is an outdated technology.

    The Department of Energy spokesperson told Local 6 all interested companies have until August 14 to formally submit detailed plans with facts and figures on how they'd run the facility. The DOE will evaluate those plans and consider leasing the PGDP property to one of the companies.

    The Department of Energy spokesperson said they are operating in the 'best interest of the taxpayer' meaning, these companies

  • Globe and Mail (snip):
    he abrupt cancellation of a $6.5-billion (U.S.) uranium processing project in southern China has left Beijing with a headache as it tries to secure the fuel required to sustain an ambitious nuclear reactor building program.

    China has been buying stakes in uranium mines in Asia and Africa, but without the capacity to enrich and process the ore it will still be dependent on foreign firms to turn it into useable fuel. (end snip)

  • Stock of USEC Inc. (NYSE:USU) advanced 9.72% in last trading session and is closed $ 3.19 with average volume 121,254.00 shares. USEC Inc generated income of $ -1195.50 million in last twelve months and sales of $ 1.68 billion. Analytic Ratios; Price to sales ratio of USU in past twelve months was calculated as 0.01 and price to cash ratio as 0.24. USU return on assets ratio is recorded as -41.40%.

  • Reply to

    Chinese enrichment plans stalled

    by splanton Jul 15, 2013 10:38 AM
    splanton splanton Jul 15, 2013 5:29 PM Flag

    Thanks, Nick! It's good to be at least SEMI-functional... Stan

  • (snip):
    Plans to build a uranium-processing facility in China’s southern Guangdong province were scrapped by the local government after more than a thousand people protested against the 37 billion yuan ($6 billion) project last week.

    The proposed Longwan Industrial Park project won’t be approved “in order to fully respect the opinion of the masses,” the Heshan government said in a statement on its website yesterday. A “social-stability risk assessment” of the proposal that was released for public awareness generated “much opposition,” it said. (end snip)

  • Reply to

    Countdown to Nuclear Ruin at Paducah

    by mickeymacmichael Jul 11, 2013 9:41 PM
    splanton splanton Jul 14, 2013 4:06 PM Flag

    I hadn't seen much in weeks on this...last
    I noted was a 6/27 news release by an outfit called "NOVA"
    (no PBS affiliation, though?)... Stan

  • "Here and Now" discussing nuclear power right now 3:13 Eastern

  • splanton by splanton Jul 3, 2013 10:19 AM Flag

    Boston, MA, 07/03/2013 – USEC Inc. (NYSE:USE) energy based firm supplies (LEU) low enriched uranium for the operative purposes to commercial nuclear power plants. On the last Friday USEC Inc announced that it would not be able to conclude the short term extension for uranium enrichment deal at its Paducash Gaseous Diffusing Plant based in Kentucky.

    The new Secretary of the U.S. Department of Energy Moniz addressed the Loan guarantee yesterday during a press conference where as USEC Inc was not mentioned in the whole speech. In parallel last week President and CEO John K. Welch stated that USEC has made significant progress with its two-year, cost-sharing research, development and demonstration program that was designed to foster the financial and technical readiness of the centrifuge technology. USEC is planning to update its application with the DOE Loan Guarantee Office later this year.

    Boston, MA, 07/03/2013 – USEC Inc. (NYSE:USE) energy based firm supplies (LEU) low enriched uranium for the operative purposes to commercial nuclear power plants. On the last Friday USEC Inc announced that it would not be able to conclude the short term extension for uranium enrichment deal at its Paducash Gaseous Diffusing Plant based in Kentucky.

    The new Secretary of the U.S. Department of Energy Moniz addressed the Loan guarantee yesterday during a press conference where as USEC Inc was not mentioned in the whole speech. In parallel last week President and CEO John K. Welch stated that USEC has made significant progress with its two-year, cost-sharing research, development and demonstration program that was designed to foster the financial and technical readiness of the centrifuge technology. USEC is planning to update its application with the DOE Loan Guarantee Office later this year.

  • (snip):
    "Among all the means of uranium enrichment, gas centrifuges are the most mature. They have already been used in countries such as Russia and the UK," an unnamed nuclear professor with Tsinghua University told the Global Times Monday. "It's a key technology for any country to produce nuclear fuel. That symbolizes the nuclear industrialization level of a country," he said.

    "These gas centrifuge machines will be responsible for supplying fuel to all 17 nuclear power stations under operation in China. It can even meet the entire demand by 2020, when the requirement will be five times more than it is now," Zhu Ji, manager of the Lanzhou uranium enrichment plant, was quoted by CNNC's website as saying.

    "Independent uranium enrichment is essential for China's nuclear industry. It will definitely help China to complete its nuclear production chain with low costs," the professor told the Global Times Monday. (end snip)

  • Reply to

    New Energy secretary defends loan program

    by lewis_whokeyser Jun 18, 2013 8:09 AM
    splanton splanton Jun 18, 2013 9:21 AM Flag

    Rob Portman has invited Moniz to tour Piketon--we'll see... Stan

  • Reply to

    russian enrichment plans..?

    by splanton May 18, 2013 4:58 PM
    splanton splanton May 19, 2013 8:04 AM Flag

    Thanks, Nick! I haven't felt very well and haven'ty had much energy... Stan

  • from an etf news site today:
    Almost half of the world’s capacity to enrich uranium will lie in Russia once the country completes the planned expansion of its current enrichment facilities. Accordingly, the life source of reactors and power generation is not obtaining the uranium but having access to facilities that turn them into nuclear fuel.

    Russian President Vladimir Putin is attempting to corner the uranium sector and the UF6 and enrichment markets alike. Russia’s squeeze will be felt around the world – not only in regard to uranium supply but to enrichment as well.
    (end snip)

  • A local (??) group called "NOVA" is trying to generate some sort of anti-ACP PR? Doesn't "Nova" translate as "no go" from Spanish???

  • WASHINGTON — Under questioning at his confirmation hearing Tuesday, Energy secretary-nominee Ernest Moniz offered supportive words for the uranium enrichment technology being developed by USEC in Piketon, Ohio.

    Moniz was grilled about USEC by two lawmakers — Sen. Rob Portman, R-Ohio, who staunchly supports the company's American Centrifuge Project, and Sen. John Barrasso, R-Wyo., who was highly critical....

  • Reply to

    Portman opn ACP

    by splanton Apr 10, 2013 9:16 AM
    splanton splanton Apr 10, 2013 9:30 AM Flag

    pike county newswatchman (snippet):

    On Friday, April 5, 2013, Representative Brad Wenstrup met with USEC officials and employees at the plant in Piketon, Ohio to receive an update on the progress of the Research, Development, and Demonstration (RD&D) program. While visiting the facility, Rep. Wenstrup expressed his continued support for the program and thanked the employees for their work to support America’s energy independence.

    The Department of Energy and USEC are executing the $350 million cooperative program to confirm the readiness of the American Centrifuge technology, the next-generation U.S. uranium enrichment capabilities.

    “The American Centrifuge Project in Piketon, Ohio is imperative to providing for our energy security needs, and is critical for our national security. I appreciate the work and strong support of my colleagues in the Ohio delegation, including Rep. Bill Johnson (OH-06 on this project. I will continue to work with Congress and the administration to support the completion of the RD&D program,” said Rep. Wenstrup.

  • splanton by splanton Apr 10, 2013 9:16 AM Flag

    Fayette Advocate, similar story in Chillicothe Gazette: (snip)
    At today’s Energy and Natural Resources Committee hearing regarding the nomination of Ernest J. Moniz to be the Secretary of Energy, U.S. Senator Rob Portman (R-Ohio) highlighted the importance of the American Centrifuge Project.

    “With regard to the American Centrifuge Project, as you know, I’ve been involved with this for the last decade, and it’s something that’s critical for our energy security…but it’s also critical for our national security,” Portman said.

    Moniz agreed with Portman that the United States must have the technology for a fully domestic source of enriched uranium to support our nuclear weapons program and the Navy nuclear reactors program, saying, “it’s a requirement that we have American origin technology for enrichment.”

    Portman also discussed with Dr. Moniz the cleanup of the Portsmouth Gaseous Diffusion Plant in Piketon.

  • Reply to

    sorry haven't been here for a while...

    by splanton Apr 2, 2013 11:17 AM
    splanton splanton Apr 10, 2013 9:15 AM Flag

    THANKS! Wife got into an accident on her way home from hospital... She seems fine (whew!!) but the Mitsibishi may be totaled... 8-0

  • w. ky star (snip)
    METROPOLIS, IL - Honeywell will resume production at its Metropolis plant this June, according to company spokesman Peter Dalpe.

    Dalpe told the Paducah Sun Honeywell has rehired some of the 228 employees laid off in July as the company continues work to upgrade the plant according to Nuclear Regulatory Commission recommendations.

    According to Dalpe, The plant currently employs 188 workers, up from the 106 that were kept during the July layoff. Prior to the layoff, 334 employees worked at the plant.

    The local plant has been closed down since the NRC recommended upgrades to ensure the plant could withstand a natural disaster, such as an earthquake.

    Dalpe told the Sun the upgrades involve seismic hardening, and require a sizeable investment by the company.

  • Reply to

    sorry haven't been here for a while...

    by splanton Apr 2, 2013 11:17 AM
    splanton splanton Apr 4, 2013 12:57 PM Flag

    THANKS, All! Prayers are always appreciated and she SEEMS to be doing better... I'm never going to improve much I think, but I'm less important in the global scheme of things... stan

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