DOE fails to get the $30 million it promised last August
The Energy & Water appropriation, sent by Congress this week to the White House, does not include $30 million promised by the Department of Energy (DOE) to USEC (NYSE:USU) to help it with its plans to build a uranium enrichment plant in Piketon, OH. It is the second time in recent months that DOE's plans to rescue the project have run into a political firewall.
Earlier this month uranium miners lobbied Congress to prevent DOE from selling surplus uranium to raise $650 million to pay for accelerated cleanup at the Piketon plant. The governor of Wyoming weighed in saying that if a butterfly flaps its wings in Ohio, it does matter in his state, a major producer of uranium. DOE's plan was to fund 800 nuclear waste cleanup jobs while it tried to get USEC's enrichment plant back on track. So far, both efforts have failed to produce the expected results.
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