USEC Inc. Submits Second Part of DOE Loan Guarantee Application

DOE invited nuclear energy projects to submit loan guarantee applications on June 30, 2008. DOE had set a deadline of September 29, 2008, for part I applications and December 2, 2008, for part II applications for front-end nuclear fuel cycle facilities. The fiscal year 2008 consolidated appropriations act authorized DOE to issue $38.5 billion worth of loan guarantees through the end of fiscal year 2009, with $2 billion allocated for advanced "front-end" nuclear fuel cycle facilities.

The Company believes that the American Centrifuge project is ideally suited for the loan guarantee program and is actively seeking a prompt review of the application and a commitment from DOE.

USEC Inc., a global energy company, is a leading supplier of enriched uranium fuel for commercial nuclear power plants.

SOURCE: USEC Inc.

USEC Inc. Media: Elizabeth Stuckle (301) 564-3399 Investors: Steven Wingfield (301) 564-3354