Company on Verge of Bankruptcy Gets $118 Million for Uranium Enrichment Project in Federal Spending Bill

Nothing left to cut!

The massive federal spending bill passed by the House on Wednesday includes $118 million for the uranium enrichment project in Piketon run by USEC, even though the viability of the project and the company are in doubt.

USEC, a Maryland-based global energy company, is about to file for bankruptcy. With enriched uranium prices at rock bottom, the commercial application of USEC's American Centrifuge Project is in question.

Comments

[Sevo]

The article doesn't mention any campaign contributions; I wonder if that's an oversight.
Also, newspapers ought to know by now that there are other towns named (even) Chillicothe, and a state name would be a good idea on a web site available world-wide.

[Raston Bot]

If they need cash, then let them raise it themselves from private investors.