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January 16, 2012

'Crunch Time' at Troubled Nuke Fuel Plant

Steven Mufson, Washington Post


AP

U.S. Enrichment Corp., which produces fuel for nuclear power plants, is having its own sort of meltdown. Disillusioned investors have wiped out 95 percent of the company’s market value since 2007. Standard & Poor’s has saddled it with a dismal CCC-plus credit rating. And USEC’s chief executive John Welch says that “clearly we’re coming to crunch time here. . ."

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TAGGED: domestic energy production, U.S. energy policy, Washington Post, nuclear safety, nuclear energy

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