EnergySolutions

[Rennhack]

EnergySolutions History

EnergySolutions is an international provider of nuclear services and technologies. Formed in 2006 by merging BNG America, Duratek, Envirocare of Utah, and the D&D division of Scientech, subsequent acquisitions include Parallax Inc. (MD) and Nukem Corporation (SC), as well as Safeguard International and Reactor Sites Management Company Limited in the UK. This has brought together complementary services to form an internationally vertically integrated company, and one of the largest providers of services and technologies to safely operate nuclear facilities, as well as safely and securely transporting, processing, and disposing of radioactive materials. Below are short descriptions of the companies which comprise EnergySolutions:

BNG America -
provides nuclear design, engineering & technology, including spent fuel re-processing, and transportation and storage of spent fuel, based on experience gained from more than 40 years of nuclear experience in the US and UK.
BNG America Savannah River Corporation -
focuses on treating, storing, and disposing low-level radioactive, transuranic (TRU), and mixed hazardous waste. All waste at the Savannah River Site (SRS) that is not classified as high-level waste is the responsibility of BNG America SRC, an integrated team member of the Westinghouse Savannah River Company.

Chem-Nuclear Systems LLC-
operates the commercial low-level radioactive waste disposal facility located on 235 acres in Barnwell County, South Carolina. Since 1973, Chem-Nuclear has operated the site under contract from the State of South Carolina.

Duratek Services, Inc. -
delivers leading processing and thermal treatment technologies for nuclear & hazardous waste, including vitrification technology for the U.S. Dept. of Energy facilities, contaminated metal recycling, liquid waste processing and volume reduction, transportation of spent fuel, fuel pool services, etc.

EnergySolutions Federal Services -
provides government and commercial waste management services including transportation logistics, engineering, environmental monitoring and investigations, well services, sampling and mobile laboratories, generator services support, and integrated management.

EnergySolutions Federal Services of Hanford -
provides waste management services to the DOE Hanford site, including transportation logistics, engineering, environmental monitoring and investigations, well services, sampling and mobile laboratories, generator services support.

EnergySolutions Spent Fuel Division. -
provides cost-effective, timely solutions - from inventory management in the spent fuel pool and cask loading operations for on-site storage, to transport to the U.S. geologic repository. At any point in this cycle, we target the specific needs of customers, including commercial nuclear utilities and the U.S. Department of Energy.

Isotek Systems LLC -
A joint venture between Pacific Northwest National Laboratory (PNNL), Duratek Federal Services, and Theragenics for recovery of thorium-229 from uranium-233 stockpiles and preparation of ultra-pure actinium-225 and bismuth-213 for medical use.

Manufacturing Sciences Corp. -
melts, casts, rolls or machines products from many specialty metals such as steel, aluminum, uranium, tantalum, and niobium. MSC remains the sole commercial facility in the world with the capability to cast, roll and machine products from depleted uranium (DU). Website

Nukem -
offers a broad range of products and services for effective radioactive waste management: waste operations; radioactive material shipments; decommissioning and environmental restoration; consulting, engineering, design, and construction; and technology development and transfer. Website

Parallax -
provides services to the nuclear industry, with particular expertise in nuclear facility and criticality safety in power generation, fuel manufacturing, enrichment, research, reprocessing and waste storage and disposal. Website

Scientech D&D -
Provide consulting services including regulatory, and health & safety requirements to support radioactive & hazardous materials management

Uranium Disposition Services -
A joint venture formed between EnergySolutions Federal Services, Burns & Roe and AREVA Framatome specifically in response to the Department of Energy's need to process the government's inventory of depleted uranium hexafluoride (DUF6) - a material byproduct of weapons production activity - for disposal and reuse.

The DUF6 Conversion Project contract scope is to design, build, and operate two conversion-processing facilities. One facility will be located in Paducah, Kentucky; the other will be at Portsmouth, Ohio. UDS will operate these facilities following construction completion. Website

International Locations

EnergySolutions of Canada -
provides International Best Practice Radioactive Materials Management options for Canadian Radioactive Waste producers.

EnergySolutions EU Ltd. -
provides waste management and volume reduction services to UK radioactive materials management industry.

Reactor Sites Management Company Ltd. (RSMC)-
RSMC, through its subsidiary Magnox Electric Ltd, holds the contracts and licences to operate and decommission 10 nuclear sites with 22 reactors in the UK on behalf of the Nuclear Decommissioning Authority (NDA), the Government body responsible for the clean up and decommissioning of the UK nuclear sites previously under the ownership of BNFL.

Safeguard International Solutions, Ltd. -
collects and packages radioactive waste from clients and manages its transfer to final disposal facility. In business for more than 10 years, Safeguard has won numerous awards for its safety and best practices. Website

UK Waste Management Solutions, Ltd. -
A consortium formed between EnergySolutions, British Nuclear Group, Jacobs-Babtie, and Fluor to provide management and operations services to the UK LLW disposal site environment.

[thenukeman]

Knoxville Sentinel said last week, 80 layoffs in Oak Ridge. With then aquiring Duratek, Manufacturing Sciences, British Nuclear, they are consolidating duplicate work like finance admin HR, Upper management, does not seem to be hurting HP much.

[thenukeman]

Of course they are not saying they are bringing their own homeboys in!!

[alphadude]

well they lost LANL so those bodies have to go sumwhere

[Lorrie Henson]

I was just wondering if anyone has worked for Scientech.  Any and all information is greatly appreciated.

Thanks.

[bill10249]

what ddo you need to know

[Phurst]

Scientech is now Energy Solutions. At least their D&D portion. Best people in the world.

[Atombob]

 Duratek bear creek has laid off several HP's and Management.

[volfireman07]

EnergySolutions is owned by a private equity group led by Lindsay Goldberg & Bessemer, Peterson Partners and Creamer Investments.  It was created earlier this year to accommodate the merger of:

Envirocare of Utah;
BNG America;
the D&D division of Scientech; and
Duratek


With the merger of several companies, you would think that the benefits would imporve.  As a matter of fact, Steve Creamer told those assembled at Bear Creek that their benefits would not decrease.  The new insurance plan sure says otherwise.

Good luck!

[Nuke Lifer]

As time has passed, so has the concerns of down-sizing and a minimalistic management style. They've added several more companies, bought the naming rights to the former Delta Center in Salt Lake City and have offered every plant in the United States Life of Plant pricing, so that utilities can acurately plan for rad waste costs from new build to decommisioning.

Energy Solutions has the GNEP contract that takes old Russian warheads and will make nuclear fuel. They will also be producing and servicing nuclear fuel from cradle to grave in addition to their current services including decommisioning, waste processing and disposal.

Energy Solutions is poised to grow with the industry.

[sboudreaux]

Rumor has it Energy Solutions has a soil job in Louisiana.  Can anyone shed some light on this?  The NORM industry down here has normally been run by local companys.  Have the big guns moved in?

[Chimera]

I want to find out more about the Zion decomissioning project.  Rumor has it that it will start this summer but there is little to no information about Zion on their web site.  Who do I contact?  When does it start?  Are they hiring HP Techs?

[Dave Warren]

If you keep an eye on EnergySolutions web site http://www.energysolutions.com/?id=OTgw you will notice that the following positions have been offered:

(4) positions currently for the dry fuel storage process
Regulatory Affairs Manager
QA Manager
and of course, the Superstar Rad Engineer through Denuke

They are in the planning phase right now, and techs working there this summer would be a stretch. Next spring is more realistic.

[Carolina Jethro]

I would think they will sub contract most of the work except for a few of their permanent people.

[Dave Warren]

EnergySolutions Receives Private Letter Ruling Clearing Key Tax Issue for Zion Decommissioning
Tuesday July 22, 5:00 pm ET


SALT LAKE CITY, UT--(MARKET WIRE)--Jul 22, 2008 -- EnergySolutions, Inc. (NYSE:ES - News) announced today that it has received a favorable Private Letter Ruling from the U.S. Internal Revenue Service (IRS) concerning tax treatment of decommissioning funds related to the company's Zion Nuclear Power Station project.
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The IRS ruling concluded that the structure of the EnergySolutions project will allow the company to assume control of decommissioning funds without having to recognize gains or losses at the time of transfer.

In December 2007, EnergySolutions signed an agreement with Exelon Corporation to accelerate the decommissioning and environmental restoration of Exelon's Zion Nuclear Power Station site located in Zion, Illinois. The project employs a license stewardship strategy whereby EnergySolutions will conduct the decommissioning and site restoration work as both owner and licensee of the power station. Following completion of the project, the Zion property will be returned to Exelon.

EnergySolutions requested a Private Letter Ruling from the IRS to confirm that the transfer of assets from Exelon to EnergySolutions, including funds that have been set aside to pay for decommissioning activities, would not trigger adverse tax consequences. The Private Letter Ruling issued by IRS confirmed that the transfer will not trigger capital gains or other income tax events.

"The IRS ruling represents a significant milestone in the development of our license stewardship strategy," said Steve Creamer, EnergySolutions CEO and Chairman. "We are pleased that the Zion decommissioning project continues its orderly progress toward start-up."

Prior to commencing decommissioning operations, EnergySolutions must receive license transfer approval from the U.S. Nuclear Regulatory Commission.

EnergySolutions offers customers a full range of integrated services and solutions, including nuclear operations, characterization, decommissioning, decontamination, site closure, transportation, nuclear materials management, processing, recycling, and disposition of nuclear waste, and research and engineering services across the nuclear fuel cycle.

Statements in this news release may contain forward-looking statements that involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Forward-looking statements are not guarantees of future performance and the Company's actual results may differ significantly from the results discussed in the forward-looking statements.

[RAD-GHOST]

That's a rather interesting perspective................

Statements in this news release may contain forward-looking statements that involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Forward-looking statements are not guarantees of future performance and the Company's actual results may differ significantly from the results discussed in the forward-looking statements.

What the Hell does that mean....Sort-A, Could-A, Would-A, or Should-A?

RG...............

[Smart People]

That's a rather interesting perspective................

What the Hell does that mean....Sort-A, Could-A, Would-A, or Should-A?

RG...............

looks like a disclaimer to me

[yellowbelly]

Heard Energy Solutions is doing creative accounting with the house technicians in their Commercial Services Division.These guys have been with the company since it was SEG in the early days. In order to make room for new contract techs they have moved ANSI technicians to LATA/Parallex at Portsmouth to be absorbed into the DOE world. Heard it happened so fast the techs were in Portsmouth before the door closed behind them.

[let-it-ride]

Energy Solutions has for several years has been doing things that are now going to put people in jail.
I worked for them when the stock went public. I just got a notice from a lawyer that there is a class action suit against them for the big wigs taking the money and running.
This has been known among the employees for a long time. Even when things were reported, even to the DOE, everything was covered up.
BUT, things came to ahead when the manager and construction manager were sent packing and escorted off site.  This was at the MOAB site.
The manager has had a history of dishonest things, but the management covered it up as long as they could. The construction manager, daily did things that would shut a site down.
The problem was that that the DOE people on site were afraid to step up because the head DOE guy in Grand Junction had the people so afraid of him that they covered up many PAAA violations and were afraid of getting fired.
The supervisor of RCT said he would do what he knew was wrong to keep his job. This is funny because the new supervisor was fired from almost every job he had for being incompetant. But he was a friend of the manager that was kicked out, and promised the job as long as he did what he was told. After he said that, he was promoted to supervisor by the manager that was fired, again for criminal actions.
It just goes to show that people will put up with almost anything to keep a paycheck

[Marlin]

I had a very good experience with ES this summer, everyone I worked with was very professional and easy to work.

[Dave Warren]

I currently am running a job for ES near Toledo.

My experiences are scattered with them.

Getting paid has been a hassle. This may be because I am contracted through Parallax to Energy Solutions. I get my money, but it has been easier to do a root canal than get my checks some weeks.

If you get a nice cushy job in the Tennessee office, life is good.

I bought their stock during the IPO and it has dropped from $23.00 to under $9.00 a share. If you read the previous posts in this thread, you can understand that the ES upper crust has been less than honest with all the stocks and cash.

They can be a great company to work for because they are the mighty giant in the carnival. The contracts are plentiful and the anmount of work is endless. Don't plan on retiring with their 401k anytime soon though.

[Marlin]

If you get a nice cushy job in the Tennessee office, life is good.

Life IS good. 

[HydroDave63]

Good useful info here!