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    Energy Department Rescues Uranium Company

    Investing News Network
    Jun. 15, 2012 10:12AM PST
    Energy Investing

    The New York Times reported the Energy Department is stepping in with $88 million for a company it created in the 1990s to privatize uranium enrichment.

    The New York Times reported the Energy Department is stepping in with $88 million for a company it created in the 1990s to privatize uranium enrichment.

    As quoted in the market news:

     The goal is to help the company, USEC, once known as the United States Enrichment Corporation, finish development work on a plant in Portsmouth, Ohio, that uses a new kind of centrifuge that the Energy Department hopes will leapfrog over existing European technology.

     Click here to read the full New York Times report.
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