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Fundamental Review for USEC Inc.

Publication: M2 Presswire
Publication Date: 30-NOV-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-30 November 2006-Blue Chip News: Fundamental Review for USEC Inc.(C)1994-2006 M2 COMMUNICATIONS LTD

RDATE:30112006

Fundamental Review for USEC Inc. (NYSE:USU)

USEC beats radioactive swords into enriched uranium plowshares. The company processes used uranium -- about half of which comes from old Russian atomic warheads -- into enriched uranium, which it then supplies for commercial nuclear power plants. USEC is the radioactive recycler of choice for the "Megatons-to-Megawatts" program, a US-Russian agreement to convert uranium from warheads into nuclear fuel. USEC also processes uranium for the US Department of Energy. The company's NAC unit, acquired in 2004, provides consulting services to nuclear power plant operators and transportation of nuclear materials.

Shares were up 5% after The U.S. Nuclear Regulatory Commission's Atomic Safety and Licensing Board has issued an order detailing a tentative schedule that anticipates a licensing decision.

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