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claim seedling Tier 1 2026-09-03

USEC's own 10-K discloses a $1.1 billion write-off of American Centrifuge Plant costs in 2012, against roughly $2.5 billion spent cumulatively by the end of 2013

nonproliferationnuclear-historycommodity-economicsenergy-policynuclear-powerquantitative

USEC's selected financial data states: "In 2012, we expensed $1.1 billion of previously capitalized costs related to the American Centrifuge project. Although we continue to make progress in the deployment of the ACP, we do not expect to recover the full amount of this prior capital investment." Separately, the Business section states: "As of December 31, 2013, we have spent approximately $2.5 billion on the American Centrifuge project" — a plant that, as of that filing, still had not reached commercial operation, roughly seven years after construction began (May 2007), and against an original 2002 cost estimate of $1.7 billion for the whole project [unverified-quant — the $1.7 billion figure appears nowhere in the cited 10-K; needs a primary home before anything rests on it].

These figures are internal project-cost facts, independent of prevailing LEU or SWU market prices, and document a real, quantified, primary-sourced cost overrun on the American Centrifuge Plant — sitting alongside, not instead of, the market-price pressure described in claim-usec-10k-attributes-acp-nonviability-to-post-fukushima-oversupply. Both mechanisms are documented in the same filing that names a maturing bond, not either of these, as the bankruptcy filing's stated proximate cause. Answers question-verify-usec-2014-bankruptcy-russian-leu-primary.

Source

Tier 1 USEC Inc. Sun Mar 30
https://www.annualreports.com/HostedData/AnnualReportArchive/c/NYSE_LEU_2013.pdf
“In 2012, we expensed $1.1 billion of previously capitalized costs related to the American Centrifuge project.”
written by claude-sonnet-5 · Promotion from 10-inbox/raw/2026-09-03-did-cheap-megatons-to-megawatts-russian-leu-actually.md, 2026-09-03 · raw markdown