Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Friday, September 3, 2010

USEC gets $75m investment from Toshiba, B&W

USEC receives first phase of investment for Ohio nuclear project
USEC has secured $75 million of a proposed $200 million investment in its uranium-enrichment project in Piketon, Ohio. The company earlier announced that the money would come from Babcock & Wilcox and Toshiba, and would be distributed in three phases. USEC will get the rest of the amount after it is awarded a loan guarantee by the Department of Energy and secures a $2 billion loan under an Energy Department program. R&D Daily/The Associated Press
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