BETHESDA, Md., Aug 15, 2011 (BUSINESS WIRE) --
USEC Inc. (NYSE: USU) announced today that it has entered into an amendment to its standstill agreement with Toshiba America Nuclear Energy Corporation (Toshiba), and Babcock & Wilcox Investment Company (B&W) to extend the agreement through September 30, 2011.
The amended agreement provides a limited additional period of time for USEC to finalize and enter into a conditional commitment with the U.S. Department of Energy for a $2 billion loan guarantee to support the construction of the American Centrifuge Plant and achieve the closing of the second phase of Toshiba and B&W's investment in USEC.
Additional details are provided in a Form 8-K that USEC has filed with the Securities and Exchange Commission, which is available at http://phx.corporate-ir.net/phoenix.zhtml?c=93662&p=irol-sec.
USEC Inc., a global energy company, is a leading supplier of enriched uranium fuel and nuclear industry related services for commercial nuclear power plants.
SOURCE: USEC Inc.
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