Thursday, June 14, 2012

Feds to rescue uranium enrichment project

Washington Post: The Energy Department has reached a deal to rescue a ura­nium-enrichment development whose owner did not have the money to complete the project. The department said Wednesday that it will immediately provide $88 million and in return take ownership of giant centrifuges used in the uranium-enrichment process. Ultimately, taxpayers would contribute as much as 80 percent of a $350 million research and development program to determine whether the technology can work and be commercially viable....

URL: http://www.washingtonpost.com/business/economy/energy-dept-to-rescue-cash-strapped-uranium-enrichment-project/2012/06/13/gJQAB3t3ZV_story.html
Enclosure: http://www.washingtonpost.com/rf/image_606w/2010-2019/WashingtonPost/2012/06/13/National-Economy/Images/Uranium_Plant_Ohio-0e8ed-7694.jpg

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