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USEC Inc
> News, Still at it for Approval.
Post by
birdie22 on Jan 13, 2012 8:10pm
News, Still at it for Approval.
USEC Continues Working on American Centrifuge Project
BETHESDA, Md. (Business Wire) -- USEC Inc. (NYSE: USU) announced today that it continues to work on the American Centrifuge project and that USEC and the Department of Energy (DOE) have identified a path to provide interim funding for the initial phase of a research, development and demonstration (RD&D) program for the project.
This path would provide the basis for funding of the RD&D program activities through the end of March. In the meantime, USEC will continue to work with DOE and Congress to secure funding to complete the RD&D program.
The $300 million RD&D program proposed by DOE will enhance the technical and financial readiness of the centrifuge technology for commercialization. The RD&D program is expected to involve manufacturing and operating additional production-design machines so that key systems can be tested as they would actually operate at the scale necessary for full commercialization.
USEC Inc., a global energy company, is a leading supplier of enriched uranium fuel and nuclear industry related services for commercial nuclear power plants.
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