Following news of its plans to file for Chapter 11 bankruptcy, USEC’s share price fell about 60 percent yesterday, from $5.30 to $3.51. The stock dropped after USEC announced yesterday morning that it will file for bankruptcy as part of a financial restructuring plan it reached with holders of its $530 million in convertible notes, which were scheduled to come due in October 2014. That debt will be replaced by about $200 million in new debt for a five-year period. USEC had planned finish next month a Department of Energy cost-share program supporting its American Centrifuge project, and said yesterday that during the restructuring it planned to continue the program as well as transition activities for the Paducah Gaseous Diffusion Plant.
NEW: Via public records request, I’ve been able to confirm reporting today that a warrant has been issued for DOE deputy asst. secretary of spent fuel and waste disposition Sam Brinton for another luggage theft, this time at Las Vegas’s Harry Reid airport. (cc: @EMPublications)
DOE spent fuel lead Brinton accused of second luggage theft.
by @BenjaminSWeiss, confirming today's reports with warrant from Las Vegas Metro PD.
Waste has been Emplaced! 🚮
We have finally begun emplacing defense-related transuranic (TRU) waste in Panel 8 of #WIPP.
Read more about the waste emplacement here: https://wipp.energy.gov/wipp_news_20221123-2.asp
Editorial: Sam Brinton’s credibility is now an issue 🔓