Contrary to Sea’s assertion that it continues to be delayed, ACP’s initial lead cascade has operated since August of 2007 totaling more than 150,000 machine hours, demonstrating ACP’s viability to produce low-enriched uranium at commercial levels. The lead cascade demonstration has never been tied to receiving financing from the loan guarantee program and, in fact, its success is a key selling point on why we should receive the guarantee.
Sea also raises questions about USEC’s ability to export to the world market. USEC currently exports all over the world supplying one-quarter of the world’s low-enriched uranium. With some 40 nuclear power plants currently under construction and an estimated 70 more over the next 15 years coming online, the export market remains very strong. USEC’s ties with foreign customers remain strong and the company recently participated in a delegation visiting India to discuss future business opportunities.
The American Centrifuge technology is the most productive uranium enrichment machine in the world. As more nuclear power plants continue to come on-line, we believe the demand for ACPs output will remain high. This is precisely why USEC has already invested more than $1 billion to build ACP.
USEC is a proud member of our southern Ohio community. We’re proud of the 1,500 direct and indirect jobs ACP has already created in the area and we look forward to creating a total of more than 3,000 in the future.
American Centrifuge Plant