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What: Shares of USEC
So what: According to the company, "The American Centrifuge Plant is an advanced uranium enrichment facility in Piketon, Ohio, which will produce low enriched uranium, a key component for the fabrication of commercial nuclear fuel."
Now what: USEC says the plant's capacity would equal about one-third of the fuel requirements for all commercial power reactors in the U.S. It began construction on the plant in 2007 but needs more funding to complete it -- even beyond the $2 billion DOE loan guarantee, if that comes to fruition. As the company itself says that it has "no assurance that it will be successful in obtaining any or all of the financing it is seeking," this is obviously a high-risk investment.
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