Michele Kearney's Nuclear Wire

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

Wednesday, June 13, 2012

GAO is urged to probe Energy Dept.'s funding of USEC

GAO is urged to probe Energy Dept.'s funding of USEC
The Government Accountability Office should investigate why the financially burdened firm USEC continues to receive funding from the Department of Energy, said Reps. Edward Markey, D-Mass., and Michael Burgess, R-Texas. "We've been told this earmark is all about avoiding risk to our national security, but the real [risk] of this nuclear bailout is for taxpayers who will be on the hook for questionable government handouts that are worth more than the entire company," Markey said. USEC secured $44 million from the department for its uranium enrichment project in Ohio earlier in the year. Platts

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