USEC, TENEX and Megatons to Megawatts Program Recognized by International Peace Organizations.Business Editors BETHESDA, Md.--(BUSINESS WIRE)--Oct. 16, 2002 USEC USEC Microsecond USEC United States Enrichment Corporation USEC United States East Coast USEC Unity Security Force (gaming) USEC Universal Services Echo Canceller USEC Umts Security USEC User Based Security Model Inc., TENEX and the Megatons to Megawatts program The Megatons to Megawatts Program is the name given to the program that implemented the 1993 United States-Russia nonproliferation agreement to convert high-enriched uranium (HEU) taken from dismantled Russian nuclear weapons into low-enriched-uranium (LEU) for nuclear fuel. were recognized for their contribution to world peace in a ceremony held Saturday in Switzerland. The Megatons to Megawatts program implements a U.S.-Russian government agreement to convert 500 metric tons of Russian weapons-grade uranium--equivalent to 20,000 nuclear warheads--into clean-burning fuel for electric power plants. USEC and its Russian partner, TENEX, carry-out this 20-year, $8 billion program on commercial terms, at no cost to taxpayers. Since 1994, the Megatons to Megawatts program has eliminated more than 150 metric tons of bomb-grade uranium--the equivalent of 6,000 nuclear warheads--and produced enough fuel to power a city the size of Boston for about 230 years. USEC, TENEX and the electric utilities who use the Megatons to Megawatts fuel were among those honored during the Demiurgus Peace International Award Ceremony held in Zug, Switzerland on October 12. The event recognizes individuals and organizations for their outstanding achievements in strengthening peace among nations. The event is organized and sponsored by the World Council of Former Foreign Ministers and the Nuclear Disarmament nuclear disarmament: see disarmament, nuclear. Forum. In recognition of their important contribution to the program, the U.S. electric utilities using the Megatons to Megawatts fuel were presented with an Isaiah Swords Into Plowshares Award by USEC. Nuclear Energy Institute President Joe Colvin accepted the award on behalf of these utilities. USEC Inc. (NYSE NYSE See: New York Stock Exchange :USU USU Usually USU Utah State University (Logan, UT) USU Uniformed Services University USU Ural State University (Ekatherinburg, Russia) USU Universidade Santa Úrsula ), a global energy company, is the world's leading supplier of enriched uranium Enriched uranium is a sample of uranium in which the percent composition of uranium-235 has been increased through the process of isotope separation. Natural uranium is 99.284% 238U isotope, with 235U only constituting about 0.711 % of its weight. fuel for commercial nuclear power plants. |
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