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USEC gives $1 billion contract to Fluor for nuclear plant - MarketWatch

Sat, 27 Sep 2008 07:19:30 -0000

USEC Inc. ( said Thursday it had awarded a $1 billion contract to Fluor Corp. for the construction of USEC's American centrifuge Plant in Piketon, Ohio. The contract will run until 2012. "This contract is expected to create approximately 1,000 new jobs, including 800 jobs at the Ohio site," said USEC Senior Vice President Philip Sewell. The plant will provide nuclear fuel for power plants

Tags: contract fuel-cycle nuclear nuke.news oh piketon usec

Posted by: theenergynet

USEC Updates Progress on the American Centrifuge Plant

Fri, 08 Aug 2008 07:10:09 -0000

USEC Inc. has completed its review of the cost and schedule for the American Centrifuge Plant and affirmed its previously disclosed estimate of completing the project at $3.5 billion, which includes amounts spent to date but excludes financing costs and financial assurance.

Tags: energy enrichment fuel-cycle nuclear nuke.news oh piketon uranium usec

Posted by: theenergynet

Piketon plant seeks loan guarantees

Fri, 01 Aug 2008 06:57:47 -0000

Officials say they are running out of money to build world's most efficient centrifuges at a cost of $3.5 billion.

The company building the multi-billion-dollar American Centrifuge uranium enrichment plant in the south central Ohio community of Piketon has applied to the Energy Department for federal loan guarantees amidst spiraling costs.

A spokeswoman for USEC Inc. declined to specify the size of the loan guarantee the Bethesda, Md., company is seeking, but the department has been authorized by Congress to issue up to $2 billion in loan guarantees for advanced facilities on the "front end" of the nuclear fuel cycle, including uranium enrichment plants.

Tags: doe economics enrichment fuel-cycle nuclear nuke.news oh piketon uranium

Posted by: theenergynet

The Columbus Dispatch : DOE plan for nuke waste is reshelved

Fri, 09 May 2008 08:50:59 -0000

WASHINGTON -- Some say a multibillion-dollar recycling center for nuclear waste would be an economic blessing for southern Ohio. Others see it as little more than a radioactive waste dump.

But both sides agree on at least one thing: The Department of Energy initiative will not happen anytime soon on the grounds of the former uranium-enrichment plant in Piketon -- or perhaps anywhere else.

Tags: doe energy fuel-cycle nuclear nuke.news piketon reprocessing uranium

Posted by: theenergynet