A possible new agreement between the federal government and a company with operations in Oak Ridge could save roughly 100 Tennessee jobs, U.S. Rep. Zach Wamp announced today.
The U.S. Department of Energy plans to provide $45 million for demonstration and testing activities on USEC Inc.’s American Centrifuge Project, Wamp, a Chattanooga Republican whose district includes Oak Ridge, stated in a news release.
Last summer, DOE initially denied a $2 billion loan guarantee for the project, but then federal officials said they would delay a final decision for six months.
A Maryland-based uranium enrichment company, USEC has applied for the loan guarantee for work on the American Centrifuge Plant, based in Piketon, Ohio. Some work on that project occurs in Oak Ridge — where USEC has taken over the former Boeing building — and also in more than two dozen states.
USEC executives have said they would have to “demobilize” the project and lay off workers if the company fails to get the DOE loan guarantee, and some layoffs have already been announced.
Source: The Oak Ridger Business RSS
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