PDT Staff Writer
According to Paul Jacobson Vice President for Corporate Communications at USEC Inc., if the United States Government does not come out of the current shutdown and pass a spending bill there is, “potential to severely impact the (RD&D) program.”
USEC has been working with the United States Department of Energy (DOE) for some time on an American Centrifuge Research, Development and Demonstration (RD&D) program.
Under the terms of the RD&D program, the DOE agreed to pay 80 percent of costs.
“The government’s 80 percent cost share for the $350 million American Centrifuge research, development and demonstration (RD&D) program is $280 million, of which $227 million has been made available to date. The remaining government cost share to complete the final three months of the RD&D program is subject to available funding,” Jacobson said. “Due to prudent management by USEC, government cost share funds remain available and have been carried over to fund the project for two weeks through Oct. 15, 2013.
However, failure to pass a government spending bill and a government shutdown lasting more than two weeks beyond the end of the government fiscal year 2013 (Sept. 30, 2013) have the potential to severely impact the program.”
Jacobson said the additional government funding is needed to ensure the program’s completion.
“The longer a government shutdown situation continues the more difficult it will become to maintain operations,” Jacobson said. “USEC continues to work with Congress and the Administration to obtain the funds for the program through Dec. 31. The program has achieved all scheduled milestones to date. It is on schedule and on budget.”
Jacobson said the administration sought $48 million in its fiscal year 2014 budget request for the RD&D program.
“Throughout the RD&D program, USEC has adjusted program spending to accommodate changes to the timing and amount of federal funding while maintaining the program on budget and schedule. Should the government provide funding for FY14 at a lower level than planned, the RD&D program will adjust accordingly. However, it is essential that funding continue to support activities toward successful validation of the ACP technology and USEC will continue to work with Congress and the Administration to obtain the necessary funding. USEC remains hopeful that given the importance of achieving the program’s goals and the closeness it is to achieving those goals, sufficient funds will be provided to complete the program,” Jacobson said.
For more information about USEC and its services visit, www.usec.com.
Wayne Allen may be reached at 740-353-3101, ext. 228, or email@example.com. For breaking news, follow Wayne on Twitter @WayneallenPDT.