Energy Department Rescues Uranium Company

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.