Boston, MA, 07/03/2013 – USEC Inc. (NYSE:USE) energy based firm supplies (LEU) low enriched uranium for the operative purposes to commercial nuclear power plants. On the last Friday USEC Inc announced that it would not be able to conclude the short term extension for uranium enrichment deal at its Paducash Gaseous Diffusing Plant based in Kentucky.

The new Secretary of the U.S. Department of Energy Moniz addressed the Loan guarantee yesterday during a press conference where as USEC Inc was not mentioned in the whole speech. In parallel last week President and CEO John K. Welch stated that USEC has made significant progress with its two-year, cost-sharing research, development and demonstration program that was designed to foster the financial and technical readiness of the centrifuge technology. USEC is planning to update its application with the DOE Loan Guarantee Office later this year.

The previous week, Obama laid out his energy policy and climate change agenda. His words could lead to trouble because the war on Coal is been escalated. The speech was very firm because, in Eastern and Southeastern Ohio alone, the stated had six coal-fired power plants that are now in jeopardy: one in Belmont County, two in Jefferson County, two in Gallia County and one in Washington County. The President has again started choking the free markets and interfering with our econ

In the mean while USEC Inc. donated $2.4 million to Emory Valley Center for its capital campaign to build a new facility on Emory Valley Road.