Welcome

Thank you for visiting paducahsun.com, the online home of The Paducah Sun.

Calendar
June 2012
S M T W T F S
27 28 29 30 31 01 02

Click here to submit an event.

Change of name will not affect USEC subsidiaries

BY DAVID ZOELLER dzoeller@paducahsun.com

A proposed name change for parent company USEC Inc. will have no effect on the operation of its subsidiary at the Paducah Gaseous Diffusion Plant.

According to Paul Jacobson, spokesman for USEC Inc. in Bethesda, Maryland, the parent company made a supplemental filing last week to the financial reorganization plan it filed on March 5 in the U.S. Bankruptcy Court for the District of Delaware.

Votes to approve the plan from holders of convertible notes (bonds that can be converted into shares) and two preferred shareholders are being tallied, Jacobson said, and will be registered with the court. A confirmation hearing is set for Sept. 5 in Wilmington, Delaware.

Once the court approves the reorganization plan, USEC Inc. will change its name to Centrus Energy Corporation.

"The name change signals the beginning of a new era for a reorganized company," Jacobson said.

The name change will have no impact on any of the company's subsidiaries, including the one winding down operations at the PGDP and the anticipated de-leasing and return of the facilities to the U.S. Department of Energy on Oct. 1. The local subsidiary will continue under the name United States Enrichment Corporation, Jacobson said.

"We've communicated that (parent company name change) to all our employees," Jacobson said. "That was made clear last week."

United States Enrichment Corporation took over direct operations of the Paducah plant in May 1999. It announced in May 2013 it would close after the DOE did not approve an extension on its uranium enrichment operations at the plant.

The DOE announced last month the selection of Fluor Federal Services Inc. as the contractor to oversee cleanup operations at the plant.

In addition to the operations at the Paducah plant, the parent company has several other subsidiaries, most of which are connected to centrifuge technology at facilities in Piketon, Ohio, and Oak Ridge, Tennessee, Jacobson said.

Contact David Zoeller, a Paducah Sun staff writer, at 270-575-8676.

Comments made about this article - 0 Total

Comment on this article

Your comment has been submitted for approval
captcha 5e1fa7df172e4aaf863eca510ad2c8c3
Top Classifieds
  • HAVANESE PUPS AKC Home Raised, Best H ... Details
  • Rottweiler Pups - Mom AKCRegistered5 ... Details
  • Downsizing Due To HealthAntique furni ... Details
  • PILLOW TOPmattress sets NEW in pl ... Details
  • Bedroom Suites New in Boxes. 6pc. che ... Details
  • ESTATE SALE SATURDAY 5/7 ... Details
  • 1 acre corner lot Kevil $12000 270488 ... Details
  • SEEING is believing! Don't b ... Details
  • Single wide with W/D, gas range, refr ... Details
  • 2009 H-D XL883L. Windshields, Aux. Li ... Details

Most Popular
  1. Batts best candidate to give citizens a voice
  2. ABUSIVE Starbucks suit a case of litigation run amok
  3. U.S. role in IS battle gradually deepening
  1. Paducah commission candidate rebounds from criminal episode
  2. Work progressing at Schultz Park
  3. Admission of photo remains unsettled in Jefferson's case
  1. Batts best candidate to give citizens a voice
  2. ABUSIVE Starbucks suit a case of litigation run amok
  3. U.S. role in IS battle gradually deepening
Discussion

Check out these recently discussed stories and voice your opinion...