Strategic Investment

Toshiba Corporation and B&W have made the first of a three-phase strategic investment in USEC Inc.

This investment and strategic relationship will strengthen USEC's position in the growing nuclear power industry.

Key Benefits

  • Enhances long-term USEC shareholder value by strengthening USEC’s financial footing for deploying the American Centrifuge and by opening new business opportunities worldwide in the growing nuclear power industry
  • Melds complementary business segments to collectively offer beginning-to-end nuclear fuel cycle products and solutions to customers worldwide
  • Aligns USEC with global nuclear industry leaders to provide U.S. sourced nuclear fuel and potentially create thousands of U.S. jobs and help rebuild parts of America’s nuclear manufacturing base
  • Provides a technological depth and experience that benefits USEC's core business
  • Enhances USEC's growth potential through financial investment and strategic relationship with industry leaders

How

PHASE 1

PHASE 2

PHASE 3

$75 million $50 million $75 million
KEY CONDITIONS FOR CLOSING KEY CONDITIONS FOR CLOSING KEY CONDITIONS FOR CLOSING

Regulatory Reviews and Approvals

Completed September 2010

Conditional Commitment for DOE Loan Guarantee

DOE Approval of $2 billion Loan Guarantee for the American Centrifuge

Shareholder Approval