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United States Enrichment Corporation

The United States Enrichment Corporation (USEC) was established under the Energy Policy Act of 1992 (EPACT) as an initial step in transferring to the private sector the uranium enrichment activities formerly held by the U.S. Department of Energy (DOE).

USEC began operating as a business on July 1, 1993. It manages the operation of gaseous diffusion plants for uranium enrichment in Paducah, Kentucky, and Portsmouth, Ohio. USEC also demonstrated the commercial application of the Atomic Vapor Laser Isotope Separation (AVLIS) technology for uranium enrichment. USEC’s privatization was completed on July 28, 1998 through an initial public offering of USEC stock. The U.S. government received about three billion dollars for USEC.

Source: http://www.usec.com/​quickfacts.htm

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