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Statement of Congresswoman Jean Schmidt on the USEC Strategic Alliance with Toshiba and Babcock & Wilcox Investment Company

Statement

Date: May 25, 2010
Location: Washington, DC

"I applaud the agreement that Toshiba and Babcock & Wilcox Investment Company will invest $200 million in USEC. In forming this strategic alliance, USEC is now another step closer to securing the $2 billion loan guarantee promised by President Obama back in 2008.

USEC and the hard working Ohioans at Piketon have kept their promise, now it's time for President Obama and his administration to keep theirs.

I would also like to commend USEC President and CEO John Welch for his leadership throughout this process. His tireless efforts will help ensure that the United States has a home-grown, reliable source of enriched uranium for our domestic energy needs."


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