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Centrus Energy Corp. is a trusted supplier of enriched uranium fuel for a growing fleet of international and domestic commercial nuclear power plants. Centrus is working to deploy the American Centrifuge technology for commercial needs and to support U.S. energy and national security.
Centrus Energy Corp. is a trusted supplier of enriched uranium fuel for commercial nuclear power plants in the United States and around the world. Our mission is to provide reliable and competitive fuel goods and services to meet the needs of our customers, consistent with the highest levels of integrity, safety, and security.
Centrus Energy Corp. and its predecessors have supplied low enriched uranium to utilities around the world for more than 50 years.
The U.S. government began enriching uranium in the 1940s for defense purposes. In the 1960s, it began providing commercial sales of enriched uranium to the burgeoning commercial nuclear power industry.
Over the next twenty years, the U.S. government’s uranium enrichment complex became the primary supplier of low enriched uranium to utilities around the world. In the 1970s, the Nixon administration first proposed the privatization of the government’s enrichment business.
In 1992, the Energy Policy Act of 1992 created the United States Enrichment Corporation, a government corporation, out of the U.S. Department of Energy’s Uranium Enrichment Enterprise with plans to eventually privatize the government’s uranium enrichment organization. The new government corporation began operations in July 1993.
The U.S. government sold the United States Enrichment Corporation in an initial public offering in 1998, and USEC Inc., a private, investor-owned company, began trading on the New York Stock Exchange. Proceeds from the sale provided more than $3 billion to the U.S. Treasury.
After a financial restructuring in 2014, USEC Inc. re-emerged as Centrus Energy Corp. The United States Enrichment Corporation remains as one of Centrus’ subsidiaries and continues serving customers.
As an investor-owned company, Centrus continues a 50-year tradition of reliability: all customer shipments have been made on time and within specification.
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Serves customers worldwide by supplying low enriched uranium from inventories, the Russian LEU transitional supply contract and other sources.
Group of subsidiaries set up to develop Centrus’ centrifuge technology, build commercial AC100 centrifuge machines, and construct and operate the American Centrifuge Plant.
Operates demonstration facilities in Piketon, Ohio and test facilities in Oak Ridge, Tennessee, under contract with UT-Battelle as operator of the U.S. Department of Energy’s Oak Ridge National Laboratory.
http://www.centrusenergy.com/american-centrifuge-investing-today-long-term-competitiveness
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Board of Directors
+Daniel B. Poneman is president and chief executive officer of Centrus Energy Corp. He also serves on the company’s board of directors.
From 2009 to 2014, Mr. Poneman was the Deputy Secretary of Energy, also serving as the chief operating officer of the U.S. Department of Energy. His responsibilities spanned the range of US energy policies and programs – hydrocarbons, renewables, nuclear, and efficiency – including cybersecurity, project management, national security, and international cooperation. He was also responsible for the Department’s efforts on resilience and emergency response, in cases ranging from Fukushima to Hurricane Sandy. Between April 23, 2013, and May 21, 2013, Mr. Poneman served as Acting Secretary of Energy.
Prior to assuming his responsibilities as Deputy Secretary, Mr. Poneman served as a principal of the Scowcroft Group for eight years, providing strategic advice to corporations in a variety of strategic industries. In addition, for eight years he practiced law as a partner at Hogan & Hartson and an associate at Covington & Burling, advising clients on regulatory and policy matters.
In prior tours in government, Mr. Poneman served as a White House Fellow and as Director of Defense Policy and Arms Control for the National Security Council. From 1993 through 1996 he was Special Assistant to the President and Senior Director for Nonproliferation and Export Controls at the National Security Council. His responsibilities included the development and implementation of U.S. policy in such areas as peaceful nuclear cooperation, missile technology, space-launch activities, sanctions determinations, chemical and biological arms control efforts, and conventional arms transfer policy.
Mr. Poneman has published widely on national security issues and is the author of Nuclear Power in the Developing World and Argentina: Democracy on Trial. His third book, Going Critical: The First North Korean Nuclear Crisis (coauthored with Joel Wit and Robert Gallucci), received the 2005 Douglas Dillon Award for Distinguished Writing on American Diplomacy. Mr. Poneman is a Senior Fellow at the Belfer Center for Science and International Affairs at the Harvard Kennedy School, a Distinguished Fellow at the Paulson Institute, and a member of the Council on Foreign Relations.
Mr. Poneman received A.B. and J.D. degrees with honors from Harvard University and an M.Litt. in Politics from Oxford University.
Centrus Energy Corp. (NYSE MKT: LEU) is a trusted supplier of enriched uranium fuel for commercial nuclear power plants in the United States and around the world.
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