Department of Energy Prepared to Extend American Centrifuge RD&D Program Three Months

BETHESDA, Md.--(BUSINESS WIRE)-- USEC USU was informed today by the United States Department of Energy (DOE) that it is prepared to extend the American Centrifuge cooperative research, development and demonstration (RD&D) program for three months beyond January 15, 2014, subject to Congressional appropriations. DOE and USEC will share costs of the program on an 80-percent/20-percent basis for a total funding level of approximately $10 million per month. USEC will continue working closely with stakeholders, including the DOE and Congress, to achieve the three month extension and identify the best path forward for the technology. The American Centrifuge is the only uranium enrichment process employing See full press release