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Article: USEC Provides American Centrifuge Update.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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USEC Inc. (NYSE:USU) today provided an update on its effort to address technical and financial concerns that have been raised by the Department of Energy (DOE) during its review of USEC's application to the Loan Guarantee Program.
"Although we were disappointed with DOE's decision in August to delay final review of our application, we still believe that our investment in the American Centrifuge technology and plant is a path to long-term value for our shareholders. We are sharply focused on resolving the concerns DOE has raised," said John K. Welch, USEC president and chief executive officer.
"Following our review of machine assembly quality assurance ...