USEC has customer commitments valued at over $3.4 billion for the American Centrifuge Plant’s output.
“Our customers believe in the American Centrifuge technology and support our efforts to complete the plant,” said John K. Welch, USEC’s president and chief executive officer. “We appreciate Exelon’s support and look forward to continuing to provide them with the same quality, reliable service they have come to expect from USEC.”
“The American Centrifuge Plant is important to Exelon as a source for increasing fuel supply diversity, but it is also important for the country as an important component of energy and national security,” said Chris Crane, president and chief operating officer of Exelon Corporation. “We strongly support the deployment of the American Centrifuge technology and look forward to continuing our long relationship with USEC.”
USEC has applied for a loan guarantee from DOE and in August 2009 DOE and USEC agreed to delay final review of USEC’s application for six months or more. As a result of delays and uncertainty in funding, USEC began demobilization of certain project activities in August 2009 while it works to resolve DOE’s technical and financial concerns.
