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USEC Inc. Message Board

  • lewis_whokeyser lewis_whokeyser Jul 29, 2013 8:19 AM Flag

    ACP Update

    Highlights:
    American Centrifuge RD&D Program Advances
    120 AC100 centrifuges operating, preparing for demonstration of cascade operations
    DOE funds next increment of program funding through September 30, 2013
    Sixth RD&D program milestone completed; DOE certification pending
    Program remains on budget and on schedule

    BETHESDA, Md.--(BUSINESS WIRE)--
    The research, development and demonstration (RD&D) program to advance USEC Inc.’s (USU) American Centrifuge, America’s next generation of uranium enrichment technology, continues to make solid progress in completing program milestones.
    Five of the program’s nine milestones have been completed and certified by the Department of Energy (DOE). USEC successfully completed the sixth milestone to test the effects of a power loss to the uranium centrifuge machines earlier this month, and DOE certification of that milestone is pending. The three remaining milestones are scheduled for completion by the end of the program in December.
    In addition, USEC and its subsidiary American Centrifuge Demonstration, LLC signed an amendment July 24 to the June 2012 RD&D cooperative agreement with DOE that provides an additional $29.9 million in government cost-share, bringing total DOE funding to $227.7 million, sufficient to fund the program through September 30, 2013.

 

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