BETHESDA, Md.--(BUSINESS WIRE)--Dec. 27, 2007--USEC Inc. (NYSE: USU) today commended Congress and the Administration for their strong support for the renaissance of the nuclear power industry through the loan guarantee program administered by the U.S. Department of Energy, included in the omnibus appropriations legislation (H.R. 2764) signed yesterday by President George W. Bush.
The legislation includes loan guarantee authority for up to $38.5 billion in energy projects, including $18.5 billion of loan guarantees for nuclear power facilities and $2 billion for advanced nuclear facilities for the "front-end" of the nuclear fuel cycle. These amounts are the maximum loan guarantees available, and are not direct loans or subsidies for any energy project. USEC intends to pursue a DOE loan guarantee for construction of its American Centrifuge Plant in Piketon, Ohio. The Company expects to submit an application when the Department of Energy invites nuclear projects to apply.
USEC applauds the bipartisan federal recognition of the valuable contribution that nuclear power makes in providing clean and efficient electricity for our nation. The rebuilding of the industrial infrastructure to construct and fuel a new generation of nuclear power plants is an important step toward energy security. Nuclear power is a preferred path for reducing greenhouse gas emissions while providing reliable, base load electric generation.
USEC Inc., a global energy company, is a leading supplier of enriched uranium fuel for commercial nuclear power plants.
CONTACT: USEC Inc.
Investors:
Steven Wingfield, (301) 564-3354
or
Media:
Elizabeth Stuckle, (301) 564-3399
SOURCE: USEC Inc.