A week after the Department of Energy announced it would invest millions of dollars in support for a proposed uranium enrichment plant in Piketon, supporters of the plant be unsure if the move is too little, too late.
It’s the newest chapter in a three-year quest by Maryland-based USEC to secure a $2 billion federal loan guarantee to build its American Centrifuge Project in southern Ohio.
Last week, the DOE announce that while they had not yet approved the loan guarantee, they had decided to foot the bill for up to $300 million in investigate and development funding DOE official said at the time that they hoped that the funding would help satisfy the scientific and financial concerns that have stalled the project’s loan guarantee application, and emphasized that they carry the technology.
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