The Company

USEC Inc., a global energy company, is a leading supplier of enriched uranium fuel and nuclear industry related services for commercial nuclear power plants.

• Deploying the American Centrifuge, USEC's next generation uranium enrichment technology
• U.S. executive agent for the Megatons to Megawatts program, recycling nuclear warheads into electricity
• 2011 revenues of more than $1.67 billion
• Began operation as a private-sector corporation July 28, 1998
• Listed on the New York Stock Exchange under the symbol "USU"
• Nearly 1,900 employees currently work at our five U.S. locations. Headquartered in Bethesda, MD

Uranium Enrichment

Through its subsidiary, the United States Enrichment Corporation, USEC operates the only U.S.-owned uranium enrichment facility in the United States: a gaseous diffusion plant in Paducah, Kentucky.

Production of enriched uranium is a key step in producing nuclear fuel used by nuclear power plants worldwide to generate electricity.

The American Centrifuge Program

American Centrifuge is USEC’s next-generation uranium enrichment technology. It is a disciplined evolution of classified U.S. centrifuge technology originally developed by DOE and successfully demonstrated during the 1980s.

USEC’s facility in Piketon, Ohio, is hosting the Company’s American Centrifuge Demonstration Facility and will ultimately house the American Centrifuge Plant. USEC is operating the Demonstration Facility for the purposes of demonstrating and evaluating the Company’s enhancements to U.S. centrifuge technology and centrifuge performance in a cascade configuration. The Lead Cascade test program began operating in the Demonstration Facility in August 2007.

USEC employees in Oak Ridge, Tennessee, are involved in the design, development, manufacturing and testing of centrifuge machines.

Megatons to Megawatts

USEC is the U.S. government’s exclusive executive agent for the Megatons to Megawatts program, a 20-year, $8 billion, commercially funded nuclear nonproliferation initiative of the U.S. and Russian governments. This unique program is recycling 500 metric tons of weapons-grade uranium taken from dismantled Russian nuclear warheads (the equivalent of 20,000 warheads) into low enriched uranium used by USEC’s customers to generate electricity. The program is scheduled to be completed in 2013.

Used Fuel Solutions

USEC’s subsidiary NAC International is a leading provider of transportation and storage systems for used nuclear fuel and energy consulting services. NAC is headquartered outside Atlanta, GA, with offices in the United Kingdom, Russia and Japan.

A History of Reliability

Uranium enrichment for commercial nuclear reactors began in the 1960s, when the U.S. government shifted some of its enrichment capacity from military to civilian use.

In the early 1990s, USEC was created as a government corporation in order to restructure the government’s uranium enrichment operation and prepare it for sale to the private sector. USEC’s privatization was completed on July 28, 1998.

As an investor-owned company, USEC continues a 50-year tradition of reliability: all customer shipments have been made on time and within specification.