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Politics : Ask Michael Burke

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To: Joan Osland Graffius who wrote (94721)	2/28/2002 12:56:41 AM
From: LV	Read Replies (1) of 132070

Re USU. washtimes.com The proposed price for Russian enriched uranium for 2002 is $90/SWU in 2002, $77/SWU in 2003, market-based afterwards. The current price in the US is $107/SWU, but USEC signed some long-term deals last few years at lower prices. There is a window of a few more years when USEC should have no competition in the US, but Europeans are planning to build an enrichment plant here to cover about 30% of domestic demand. At this time USEC can’t compete with them on price. Still, tangible book value of $8.5-9/share in excess of plant and equipment is not bad.

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