USEC Inc., a global energy company, is a leading supplier of enriched uraniumfuel for commercial nuclear power plants. The plant is designed to produce 3.8 millionseparative work units (SWU) a year of low enriched uranium fuel for commercialnuclear power plants. NuclearRegulatory Commission to construct and operate the plant and commencedconstruction shortly thereafter. gas centrifuge technology originally developed by DOE but withsignificant design, material and manufacturing improvements incorporated byUSEC The Company received a license in April 2007 from the U.S. The project isexpected to create over 8,000 new jobs as manufacturers add new employees acrossthe United States. USEC is deploying the American Centrifuge technology to provide the dependable,long-term, U.S.-owned and developed nuclear fuel production capability needed tosupport the country`s nuclear power plants The American Centrifuge technologyis based on U.S.

USEC has invested nearly $1.5 billion in the AmericanCentrifuge project, including hundreds of millions of dollars to help rebuildportions of America`s nuclear industrial manufacturing base. The American Centrifuge Plant represents the early commercial use of a newtechnology, and it significantly reduces emissions of air pollutants andgreenhouse gases. BackgroundAs America`s only commercial uranium enrichment facility using U.S.-owned andoperated centrifuge technology, the American Centrifuge Plant will play animportant role in America`s energy security and national security. USEC submitted its application to DOEin 2008 and has been working closely with DOE to expedite the process. Demobilization, if initiated, would include significantlayoffs of USEC and contractor personnel in Ohio and a number of other states.

USEC has invested nearly $1.5 billion in the American Centrifuge project andneeds a DOE loan guarantee to secure the substantial portion of the remainingfinancing needed to complete the project. The American Centrifuge project supports over 5,700 jobs today and over 2,300more jobs would be created within a year once loan guarantee funding commences.Because of the cash conservation measures initiated in February due to the lackof certainty on DOE funding, the project has already delayed the expectedramp-up in hiring. Even if a conditional commitment is provided by early August,demobilization may be initiated if the terms of such conditional commitment arenot acceptable or if subsequent progress toward achieving actual funding laterthis year under the loan guarantee is not maintained. "As we have stated in the past, a DOE loan guarantee is our path forward forfinancing the American Centrifuge Plant.

Therefore, we are making contingencyplans for project demobilization should we not receive a conditional commitmentor should a decision on a conditional commitment be further delayed." Demobilization could be initiated in August and would involve the partial orfull halt of certain American Centrifuge project activities and plantconstruction. We will continue to work closely with DOE as we seek to move forwardon this vital project," said Sewell. Sewell, senior vice president ofAmerican Centrifuge and Russian HEU. "We believe our project is ideally suitedfor the loan guarantee program. It will use an innovative technology, reducegreenhouse gas emissions and create immediate jobs in the United States." "Over the past several months, we have had numerous discussions with theDepartment. "Based on on-going discussions with DOE, we expect a decision on a conditionalcommitment by early August," said Philip G.

USEC announced in February aslowdown in the planned escalation of spending on the project and has statedthat a further delay in obtaining a DOE loan guarantee would require the Companyto implement further project spending reductions. The Company also said that at the direction of its board of directors it ispreparing demobilization plans for the American Centrifuge Plant if it does notreceive a conditional commitment by early August. Department ofEnergy (DOE) to make a decision on a conditional commitment for a loan guaranteeby early August. A loan guarantee conditional commitment would allow USEC tocontinue deployment of its American Centrifuge Plant, currently being built inPiketon, Ohio, and would ensure the security of thousands of jobs created acrossthe country by the plant`s construction and manufacturing activities. NCR is a trademark of NCR Corporation in the United States and other countries. NCR CorporationAlan Ulman, Copyright Business Wire 2009. BETHESDA, Md.--(Business Wire)--USEC Inc (NYSE:USU) today announced that it expects the U.S.