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The American Centrifuge

USEC's Loan Guarantee Application

In August 2008, USEC applied for a loan guarantee from the U.S. Department of Energy for financing to complete construction of the American Centrifuge Plant. In August 2009, DOE and USEC announced that DOE had agreed to delay its final review of USEC’s loan guarantee application until technical and financial challenges raised by DOE could be addressed. This is expected to take six months or more. USEC believes it has a well-qualified project that meets all the requirements and the spirit of the loan guarantee program.

A Well-Qualified Project

USEC believes the project is a compelling candidate for a loan guarantee:

Evaluation Factors

USEC believes the project meets all the mandatory evaluation factors set out DOE’s Loan Guarantee Solicitation, including:

Desired Outcomes for Loan Guarantee Program

USEC believes the project also will meet all of the desired outcomes listed in DOE’s solicitation:

Though the American Centrifuge project merits serious consideration for a DOE loan guarantee, USEC has no assurance that the project will be selected for a guarantee and in what timeframe.