DOE and USEC provide pro-rata cost sharing support for continued American Centrifuge activities under our June 2012 cooperative agreement, as amended, including in March 2013. The agreement provides for 80 percent DOE and 20 percent USEC cost sharing for work performed during the period June 1, 2012, through December 31, 2013, with a total estimated cost of $350 million. DOE’s total contribution would be up to $280 million and our contribution would be up to $70 million. The cooperative agreement is being incrementally funded, and $177.8 million of DOE funding has been provided. As of December 31, 2012, we made qualifying American Centrifuge expenditures of $115.1 million. DOE’s pro-rata share of 80 percent, or $92.1 million, is recognized as other income in 2012.Cash Flow
USEC Reports Financial Results For The Fourth Quarter And Full Year 2012
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