| Business Summary | | USEC
Inc.,
a
global
energy
company,
is
engaged
in
the
sale
of
uranium
fuel
enrichment
services
for
commercial
nuclear
power
plants.
Uranium
enrichment
is
a
critical
step
in
transforming
uranium
into
fuel
for
nuclear
reactors
to
produce
electricity.
USEC
supplies
uranium
enrichment
services
and
uranium
to
electric
utilities
for
use
in
about
170
nuclear
reactors.
USEC's
revenue
is
derived
from
sales
of
uranium
enrichment
services
to
customers
who
supply
uranium
to
be
enriched
and
from
sales
of
natural
uranium
and
enriched
uranium
product
(EUP).
USEC
has
a
significant
inventory
of
natural
uranium
that
it
sells
to
customers
as
uranium
or
in
the
form
of
EUP. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | USEC
Inc.,
a
global
energy
company,
is
in
the
production
and
sale
of
uranium
fuel
enrichment
services
for
commercial
nuclear
power
plants.
For
the
fiscal
year
ended
6/30/01,
revenues
decreased
23%
to
$1.14
billion.
Net
income
totalled
$78.4
million,
up
from
$8.9
million.
Revenues
reflect
reduced
average
prices
and
the
timing
of
customer
orders.
Earnings
were
offset
by
the
absence
of
$126.5
million
in
costs
associated
with
the
ceasing
of
uranium
enrichment
at
the
Portsmouth
plant. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| James Mellor, 70 Chairman | -- | William Timbers, Jr., 50 Pres,
CEO, | $1.0M | Henry Shelton, Jr, 56 CFO,
Sr. VP | 400K | Dennis Spurgeon COO,
Exec. VP | -- | Robert Moore, 43 Sr.
VP, Gen. Counsel, and Sec. | 335K | Dollar amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|