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Article: Department of Energy Denies USEC's Loan Guarantee Application.
- Article from:
- Business Wire
- Article date:
- July 28, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Company begins demobilization of American Centrifuge Plant
BETHESDA, Md. -- USEC Inc. (NYSE:USU) President and Chief Executive Officer John K. Welch issued the following statement today after being advised that the U.S. Department of Energy would not proceed with USEC's application for a loan guarantee to complete construction of the American Centrifuge Plant in Piketon Ohio:
"We are shocked and disappointed by DOE's decision. The American Centrifuge met the original intent of the loan guarantee program in that it would have used an innovative, but proven, technology, reduced greenhouse gas emissions and created thousands of immediate jobs across the ...