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USEC in Energy Department Deal for Uranium-Enrichment Project
Oct. 21, 2011 03:53PM PST
Energy InvestingBloomberg reported the USEC has agreed to keep alive a troubled uranium-enrichment project in Ohio.
Bloomberg reported the USEC has agreed to keep alive a troubled uranium-enrichment project in Ohio.
As quoted in the market news,
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.
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