USEC in Energy Department Deal for Uranium-Enrichment Project
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USEC Inc. and the U.S. Energy Department agreed to keep alive a troubled uranium enrichment project in Ohio while the company’s application for a $2 billion federal loan guarantee is put on hold.
The Energy Department and USEC of Bethesda, Maryland, will together work on a research and development demonstration program that will keep the project “on a path to commercialization,” USEC spokesman Paul Jacobson said today in a phone interview.