USEC Inc. - USU- Profile

USEC Inc.. The Group's principal activity is to supply low enriched uranium (LEU) for commercial nuclear power plants. The LEU is a critical component in the production of nuclear fuel for nuclear reactors to produce electricity. The Group supplies LEU to electric utilities for use in about 150 nuclear reactors. Its customers are domestic and international utilities that operate nuclear power plants. The Group has two reportable segments: Low enriched uranium and U.S. Government contracts.The Low enriched uranium concentrate on sales of the both SWU and uranium components of LEU and sales of uranium. The Government contracts segment represents work performed for DOE and DOE contractors at the Portsmouth and Paducah plants. The Group is the exclusive executive agent for the U.S. Government to purchase LEU derived from highly enriched uranium contained in decommissioned nuclear warheads in Russia. Separative work units accounted for 70% of 2005 revenues; Uranium, 17% & U.S. Government Contracts & Other 13%