SOURCE: EnergySolutions

EnergySolutions

March 15, 2011 10:30 ET

EnergySolutions Announces Filing of SEC Form 12b-25, Notification of Late Filing in Regard to Its Annual Report on Form 10-K

SALT LAKE CITY, UT--(Marketwire - March 15, 2011) - EnergySolutions, Inc. (NYSE: ES) (the "Company") announced today that it has filed a Form 12b-25, Notification of Late Filing, with the Securities and Exchange Commission (the "SEC") with regard to its Annual Report on Form 10-K for the year ended December 31, 2010. This allows the Company an additional 15 calendar days to file the Form 10-K, which is otherwise due March 16, 2011. 

As previously reported in the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2010, the Company made a formal submission to the SEC regarding the accounting treatment for its Zion Station transaction. The Zion Station project is a first-of-its-kind approach to decommissioning developed by EnergySolutions involving accounting treatment that is without prior authority or precedence. The Company has been in dialogue with the SEC and expects to receive a resolution this week, following which the Company will review and prepare its Form 10-K in accordance therewith. The Company expects to file the Form 10-K on or before March 31, 2011, in full compliance with the rules of the SEC.

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 contain forward-looking statements that involve risks and uncertainties relating to EnergySolutions' communications with the SEC and reporting timeline. Forward-looking statements provide current expectations of future events based on certain assumptions and actual results could differ materially from those expected. Forward-looking statements also include any statement that does not directly relate to any historical or current fact. EnergySolutions undertakes no obligation to publicly update any forward-looking statement contained in this release, whether as a result of new information, future developments or otherwise, except as may be required by law.

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