USEC's nuclear 'shock'

Bethesda-based USEC Inc., which has strong ties to Oak Ridge National Laboratory, announced a blow this morning, in the form of DOE denying its application for a $2 billion loan guarantee to support an Ohio centrifuge project that would help generate enriched uranium for nuclear power plants. The company's release is here. USEC earlier laid-out its case for the guarantee, here. The Chillicothe Gazette provides background.