Daniels testifies on resolution urging support for USEC project in Piketon
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COLUMBUS - State Senator David Daniels (R- Greenfield) testified before the Senate State and Local Government and Veterans Affairs Committee today, asking members to support Senate Concurrent Resolution 4, which urges President Obama to direct the U.S. Department of Energy (USDOE) to ensure the continuation of the uranium enrichment work being developed by USEC Inc. in Piketon
"As Ohio and the rest of our country continues the trend toward advanced energy practices, this facility has the potential to provide a long-term domestic source of advanced fuel for our nation's nuclear power plants and make the region a national leader in the advanced nuclear industry," said Daniels, who serves as the committee's vice-chairman.
USEC is a leading supplier of fuel for nuclear power plants located in Maryland and is currently developing an advanced uranium enrichment technology known as the American Centrifuge Project. The project builds upon efforts by the USDOE from the 1960s-1980s to develop an advanced uranium enrichment technology and would create an estimated 8,000 direct and indirect American jobs at least half of which would be based in Ohio.
Unfortunately, USEC has been unable to move forward on the project due to its application for a loan guarantee from USDOE being pending for roughly two-and-a-half years. As part of the Energy Policy Act of 2005, Congress authorized the USDOE to provide loan guarantees which must be repaid with interest to accelerate the commercial use of new and improved technologies that reduce air pollution or greenhouse gases. The company submitted a comprehensive update to its loan guarantee this past July.
A similar resolution has been introduced in the Ohio House by State Representative Cliff Rosenberger (R- Clarksville).
COLUMBUS - State Senator David Daniels (R- Greenfield) testified before the Senate State and Local Government and Veterans Affairs Committee today, asking members to support Senate Concurrent Resolution 4, which urges President Obama to direct the U.S. Department of Energy (USDOE) to ensure the continuation of the uranium enrichment work being developed by USEC Inc. in Piketon.
"As Ohio and the rest of our country continues the trend toward advanced energy practices, this facility has the potential to provide a long-term domestic source of advanced fuel for our nation's nuclear power plants and make the region a national leader in the advanced nuclear industry," said Daniels, who serves as the committee's vice-chairman.
USEC is a leading supplier of fuel for nuclear power plants located in Maryland and is currently developing an advanced uranium enrichment technology known as the American Centrifuge Project. The project builds upon efforts by the USDOE from the 1960s-1980s to develop an advanced uranium enrichment technology and would create an estimated 8,000 direct and indirect American jobs at least half of which would be based in Ohio.
Unfortunately, USEC has been unable to move forward on the project due to its application for a loan guarantee from USDOE being pending for roughly two-and-a-half years. As part of the Energy Policy Act of 2005, Congress authorized the USDOE to provide loan guarantees which must be repaid with interest to accelerate the commercial use of new and improved technologies that reduce air pollution or greenhouse gases. The company submitted a comprehensive update to its loan guarantee this past July.
A similar resolution has been introduced in the Ohio House by State Representative Cliff Rosenberger (R- Clarksville).
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