The United States Enrichment Corporation (#USEC), the executive - TopicsExpress

The United States Enrichment Corporation (#USEC), the executive agent in the Megatons to Megawatts program – the #highly #enriched uranium purchase agreement between the United States and Russia, filed for #bankruptcy, as its shares plummeted by another 46% in premarket trading on Wednesday. The company, based in Bethesda, Maryland, has 505 employees, but will be unable to repay debts due by October, 2014. Since the March 2011 #nuclear #disaster at #Fukushima #Daiichi, #uranium prices have fallen more than 30 percent, and with the closure of over 50 #reactors in Japan and Germany, demand for nuclear fuel is low causing fuel prices to dramatically drop in price.

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