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Centrus Energy is a trusted supplier of nuclear fuel and services for the nuclear power industry. With world-class technical and engineering capabilities, Centrus is advancing the next generation of centrifuge technologies so that America can restore its domestic uranium enrichment capability. We provide customer value through the reliability and diversity of our supply sources, helping them meet the growing need for affordable, carbon-free electricity. Centrus` order book extends well into the next decade, and we continue to innovate to help our customers reduce their fuel costs with tailored products and services. The 2013 shutdown of the Paducah Gaseous Diffusion Plant left the United States without a domestically developed enrichment capability for the first time since the Manhattan Project. The U.S. Department of Energy has said this capability must be restored to support America`s long-term national security, energy security and nonproliferation interests. Centrus remains committed to supporting these national priorities. Centrus is working with DOE and Oak Ridge National Laboratory to develop and demonstrate advanced centrifuge uranium enrichment technology. In 2016, the company successfully completed a three-year demonstration effort in Ohio and continues to improve the technology at our state-of-the-art engineering and testing facilities in Tennessee. While the global enrichment market will not support the deployment of a new, commercial-scale production facility today, Centrus is committed to resuming uranium enrichment operations. We are laying the technical and economic groundwork to be a leading, low-cost producer. Centrus is working to grow and diversify our business, leveraging our diverse supply sources and unique technical capabilities to bring value to our customers. With deep technical expertise and capabilities, a multi-billion dollar order book, and long-term supply agreements, Centrus is well-positioned for the future.
As America`s premier wholesale energy partner, Southern Power builds the future of energy by investing in clean energy solutions for the customers we serve. A subsidiary of Southern Company, we are a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities and other energy customers. Southern Power`s business model is founded on a strategy of selling electricity generated by its clean energy assets through long term contracts with high credit quality counterparties. We value strategic partnerships with industry partners that help us deliver clean, safe, reliable and affordable generation to our customers.
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