This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Perma-Fix Receives Final Approval To Construct A Rail Spur Into Its Richland Facility In Richland, Washington

ATLANTA, Sept. 22, 2010 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (Nasdaq:PESI) today announced it has received final approval for construction of a rail spur at the Perma-Fix Northwest Facility (PFNW) adjacent to the Hanford nuclear site in Richland, Washington. The rail spur is expected to be completed in early 2011 and will facilitate the movement of radioactive wastes directly into the facility, thereby minimizing any health risk to the local community.

The PFNW Facility is a radioactive waste treatment facility that supports cleanup of the U.S. Department of Energy (DOE) Hanford Site, nuclear power utilities, national laboratories, and research facilities.

Richard Grondin, Vice President and General Manager of PFNW, stated, "Perma-Fix is gratified by gaining State of Washington approval to construct the rail spur, which is a perfect example of a private company/public sector partnership. Perma-Fix will provide funds to construct this rail spur and has worked closely with the Washington Department of Ecology, the City of Richland, and the Tri-City and Olympia Railroad to design and begin construction. This effort has taken several months to get underway, and will tie in the rail line located within the Horn Rapids Industrial Park that is owned by the City of Richland directly into our facility."

Dr. Louis F. Centofanti, Chairman and Chief Executive Officer, stated, "Perma-Fix is dedicated to the long term financial investment in the Tri-Cities area, and thus we continue to make capital investments in our PFNW Facility. We believe these investments not only provide needed local community support, but also support DOE's mission to clean up its largest Environmental Management site. Hanford cleanup is critical to protection of the environment and the Columbia River and we are proud to be a part of DOE's effort for this important work. Perma-Fix has built its business on designing innovative treatment capabilities for our nation's most challenging radioactive waste streams, and we look forward to providing enhanced transportation capabilities that will also support cleanup from around the nation."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
PESI $3.83 3.60%
AAPL $95.03 -2.90%
FB $116.73 7.20%
GOOG $691.02 -2.10%
TSLA $247.54 -1.60%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs