USEC said the U.S. Department of Energy would not proceed with USEC's application for a loan guarantee to complete the construction of the American Centrifuge Plant in Piketon Ohio. USEC has a very efficient technology for enriching uranium. With the DOE's decision, the company said it is now forced to initiate steps to demobilize the project. This will mean more job losses for Ohio and gives us a clear picture of the DOE’s position on Nuclear Power.
Personally, I cannot fathom how this decision supports the clean and green mantra of the current administration. It isn’t like they are giving them the money. Their only guaranteeing the loan.
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