The Obama administration turned aside a loan guarantee application by Bethesda,MD-based USEC to build a Piketon, OH-based plant to produce nuclear fuel for reactors, apparently in favor of giving the loan guarantee either to French company Areva or UK company Urenco, Greenwire reports.
According to Greenwire:
DOE’s loan-guarantee decision drew quick criticism from Rep. Jean Schmidt (R-Ohio), whose district includes the proposed USEC plant.
“It’s death. It cannot wait another 18 months,” said Schmidt’s chief of staff, Barry Bennett.
“It is interesting that Iran has the technology and it seems to be working fine, but the Department of Energy can’t find a way to do it here in the United States,” Bennett said. Schmidt will be sending President Obama a letter urging him to reverse the decision, he said.
Rep. Schmidt said that unless the decision is reversed, job lay-offs will begin in August.