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USEC Inc. Message Board

  • splanton splanton Dec 8, 2012 11:33 AM Flag

    chillicothegazette story on USECC funding

    Yahoo won't let me place a direct link to the story and I had some problems cutting and pasting, so this is the best I could do (sigh) --snip:
    IKETON — Just days after the U.S. Senate approved legislation that includes $150 million in expected funding for research, development and demonstration activities at the American Centrifuge Plant in Piketon, USEC Inc. and the Department of Energy announced millions more is headed to the project through late February.

    USEC and its subsidiary, American Centrifuge Demonstration LLC, announced late Thursday an amendment to its cooperative agreement with DOE that will contribute an additional $45.7 million in federal funds through Feb. 23. The funding became available as part of a six-month continuing appropriations measure that was approved by Congress and signed by President Barack Obama in late September.

    The additional funding will help the project move to the next phase of its research, development and demonstration activities designed to show the centrifuge technology for enriching uranium to use in nuclear power reactors is commercially viable. The program was launched after DOE decided not to, for the time being, provide a $2 billion loan guarantee for the Centrifuge plant to complete it for commercial operation.

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