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Now U.S. taxpayer funds not only nuclear loans, but even the loans application!

Energy Department investing $45M for technology for southern Ohio uranium enrichment project, The Washinton Examiner, Associated Press03/24/10 EDTPIKETON, OHIO — The Department of Energy will invest $45 million in ongoing development and demonstration of centrifuge technology for a uranium-enrichment plant in southern Ohio.The department said Tuesday that it will provide the funding by taking title to depleted uranium from USEC Inc. The Bethesda, Md.-based company can then use the $45 million it set aside for uranium disposal. USEC also will provide $45 million in matching funds.

USEC says the demonstration and development work is needed to show progress to gain a $2 billion federal loan guarantee. The company says the guarantee is crucial to obtaining private financing to complete its American Centrifuge project in Piketon.The Energy Department last year delayed its final review of USEC’s loan guarantee application.Piketon is about 65 miles south of Columbus.

Energy Department investing $45M for technology for southern Ohio uranium enrichment project | Washington Examiner

March 25, 2010 - Posted by | politics, USA | , , , , , ,

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