USEC Completes 90% of Megatons to Megawatts Program

USEC Inc. (NYSE:USU) announced it has converted 450 metric tons of weapons-grade uranium into low enriched uranium fuel in its Megatons to Megawatts program.

As quoted in the press release:

Megatons to Megawatts is a 20-year, commercially financed government-industry partnership in which 500 metric tons of Russian weapons-grade uranium is being downblended to low enriched uranium for use as commercial reactor fuel. USEC, as executive agent for the U.S. government, and JSC “Techsnabexport” (TENEX), acting for the Russian government, implement the program.

Click here to read the USEC Inc. (NYSE:USU) press release.