Greetings and welcome to the USEC Incorporated Third Quarter Conference Call. At this time all participants are in a listen-only mode. A question-and-answer session will follow the prepared remarks. (Operator Instructions) As a reminder this conference is being recorded. It is now my pleasure to introduce your host for today, Mr. Steven Wingfield, Director of Investor Relations for USEC. Thank you, sir you may now begin.

Thank you for joining us for USEC’s conference call regarding the third quarter 2010 which ended September 30. With me today are John Welch, President, Chief Executive Officer; John Barpoulis, Senior Vice President, Chief Financial Officer; Phil Sewell, Senior Vice President; Bob Van Namen, Senior Vice President and Tracy Mey, Vice President, Chief Accounting Officer. Before turning over the call to John Welch, I’d like to welcome all of our callers as well as those listening to our web cast. This conference call follows our earnings new release issued yesterday after the markets closed. That news release is available on many financial websites as well as our corporate website usec.com. I want to inform all of our listeners that our news releases and SEC filings, including our 10-K, 10-Qs and 8-Ks are available on our website. We expect to file our quarterly report on Form 10-Q later today. A replay of this call also will be available later this morning on the USEC website. I'd like to remind everyone that certain of the information that we may discuss on the call today may be considered forward-looking information that involves risk and uncertainty, including assumptions about the future performance of USEC. Our actual results may differ materially from those in our forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in our forward-looking statements is contained in our filings with the SEC, including our annual report on Form 10-K and quarterly reports on Form 10-Q. Finally, the forward-looking information provided today is time sensitive and is accurate only as of today November 3, 2010. This call is the property of USEC. Any redistribution, re-transmission or rebroadcast of this call in any form without the expressed written consent of USEC is strictly prohibited. Thank you for your participation. And now I'd like to turn the call over to John.

Good morning and thank you for joining us to discuss our third quarter results. It was a busy quarter as we worked to provide the department of energy with the information, the Loan Guarantee office needed to evaluate our comprehensive update submitted in late July. Clearly that work was worth well, the Loan Guarantee office largely completed their initial technical review on October and provided us with a confidential draft term sheet that will serve as framework for our discussions going forward. DOE’s decision to move forward reflects the significant progress of the past year on both the technical and financial fronts. I am pleased to report that we’d begun discussions with DOE on the next steps in the process. We see that as a positive development and we have pledged to do all that we can to expedite the process to a successful conclusion. We see the events of the past two weeks as an important step forward in the process of securing a $2 billion Loan Guarantee for construction of the American Centrifuge plan. But I want to make it clear that we are not across the finish line. A great deal of work remains to be done before conditional commitment can be offered by DOE and more work beyond that to meet the conditions and finalize loan documents. We must also raise additional capital beyond the $2 billion Loan Guarantee funding. Nonetheless, we are very pleased to receive the term sheet from the Loan Guarantee office and we look forward to concluding an agreement. With the Loan Guarantee, the ACP will help us meet the growing US Energy needs and provide a long-term reliable and secure fuel source for nuclear power plants both domestically and around the world. Meeting that need, will give USEC investors an opportunity…

Thanks John and good morning everyone. Starting with revenue for the third quarter, total revenue was $565 million, an increase of $15 million or 3% from the same quarter last year. SWU sales made up the majority of revenue totaling $404 million, which was down 13% over the same period last year. In the nine month period, total revenue was $1.37 billion, a decrease of $200 million or 13%. Revenue in the first nine months of the year was down 21%. If you have followed USEC for a while you know that our revenues can swing significantly from quarter-to-quarter and in some cases year-to-year. In the first nine month period of 2010, the volume of SWU delivered was 24% lower than the same period of 2009. But we have updated guidance for the year and we now expect that SWU volumes for the full year 2010 will be down about 9% compared to last year. As SWU contracts signed in recent years at higher prices and with price adjusters become a larger portion of our backlog. We are seeing an increase in average prices built to customers. So far in 2010, average prices built to customers was 4% compared to the same period last year. Uranium revenue was $165 million in the first nine months of 2010 which was an increase of $14 million compared to the same period in 2009. Uranium volumes were up 33% of prices invoice to customers were down 18%. Uranium market prices generally declined over the past 18 months but we’ve seen an up tick recently and the price indicators for uranium were at about $52 a pound earlier this week. Finally, revenue from the U.S. government contract segment in the nine months period was $203 million an increase of $50 million or 33% from…

Thank you. We will now be conducting a question-and-answer session. (Operator Instructions).

Well, I think from the summary of standpoint if there are no questions, I certainly will like to thank everyone participating on the call this morning. We are pleased to report on the recent progress we’ve made with DOE and I can assure you we will be intently focused on moving the process forward as quickly as possible. We appreciate your support, your interest and your investment in USEC. Thank you and good day.

Ladies and gentlemen, thank you for your participation in today’s teleconference. You may disconnect your lines at this time and have a wonderful day.