Portsmouth Daily Times - 45M Loan To USEC In Question - 0 views
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Energy Net on 19 Oct 09Ohio Congresswoman Jean Schmidt (R-2nd District) released a statement Thursday condemning the U.S. Department of Energy, claiming the DOE told her office it would not supply $45 million it promised in August to the American Centrifuge Project at the USEC plant in Piketon. A spokesperson for USEC, however, said the company will continue to work with the DOE to move the project forward. During his 2008 presidential campaign through Ohio, then-Sen. Barack Obama, wrote a letter to Ohio Gov. Ted Strickland pledging his support for the centrifuge project in Piketon. Despite his pledge, the loan guarantee was denied on July 20. A spokesperson from the Obama White House told the Portsmouth Daily Times in July that the project did not appear ready for commercialization. Several weeks later, the DOE agreed to reconsider USEC's application in six months and offered $45 million to help bring it up to DOE standards. Thursday, Schmidt said the DOE was no longer committed to making those funds available to USEC.
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Energy Net on 19 Oct 09Ohio Congresswoman Jean Schmidt (R-2nd District) released a statement Thursday condemning the U.S. Department of Energy, claiming the DOE told her office it would not supply $45 million it promised in August to the American Centrifuge Project at the USEC plant in Piketon. A spokesperson for USEC, however, said the company will continue to work with the DOE to move the project forward. During his 2008 presidential campaign through Ohio, then-Sen. Barack Obama, wrote a letter to Ohio Gov. Ted Strickland pledging his support for the centrifuge project in Piketon. Despite his pledge, the loan guarantee was denied on July 20. A spokesperson from the Obama White House told the Portsmouth Daily Times in July that the project did not appear ready for commercialization. Several weeks later, the DOE agreed to reconsider USEC's application in six months and offered $45 million to help bring it up to DOE standards. Thursday, Schmidt said the DOE was no longer committed to making those funds available to USEC.