THE WHITE HOUSE
Office of the Press Secretary
PRESIDENT NAMES BILL BURTON AS MEMBER OF THE BOARD OF THE UNITED STATES ENRICHMENT CORPORATION The President today announced his intention to nominate Mr.
Bill Burton as a Member of the Board of the United States Enrichment Corporation.
Mr. Burton of Austin, Texas is of counsel at the international law firm of Jones, Day, Reavis, & Pogue, where he serves as co-chair of the firm's Southwest energy practice group. He maintains offices in Dallas and in Austin. Prior to resuming his practice at Jones Day, Mr. Burton served in the White House as Deputy Assistant to the President and Policy & Staff Director for then-Chief of Staff Mack McLarty from 1993 to 1994. Mr. Burton's responsibilities included coordinating policy issues for the Chief of Staff. He also coordinated energy policy issues for the Clinton/Gore presidential campaign in 1992 and for the transition of the President-elect.
Mr. Burton graduated from the University of Arkansas at Little Rock, earning a B.A. magna cum laude and a J.D. with honors. Prior to practicing law, Mr. Burton had a 15-year career as a journalist, first with his hometown newspaper in Texarkana and finally as an editor for the Associated Press. Mr. Burton and his wife, Melissa, have two children.
The United States Enrichment Corporation (USEC) is a government corporation that produces and markets uranium enrichment services to more than 60 utilities that own and operate commercial nuclear power plants in the United States and 11 foreign countries. The Corporation is headquartered in Bethesda, Maryland, and it operates plants in Paducah, Kentucky and Portsmouth, Ohio. Established as a government corporation to compete more aggressively in the world marketplace, the company ensures a continued, reliable domestic source of uranium enrichment services, and transition into a fully privatized commercial business. In 1993, under President Clinton, the federal government spun off the uranium enrichment operations of the U.S. Department of Energy into an independent company - its shares are owned by, and dividends paid to, the U.S. Treasury. By removing the enrichment business from many existing government constraints, the U.S. Enrichment Corporation has the flexibility to operate as a profitable business.
In his capacity as Member of the Board, Mr. Burton will be responsible for setting policies and objectives for the United States Enrichment Corporation. He will also make business decisions that maximize the value to the United States Treasury, and direct the United States Enrichment Corporation in its transition into a private corporation.