American Forum

OHIO FORUM

By Pat Marida and Beatrice Brailsford

The U.S. Department of Energy (DOE) is considering giving a $2 billion loan guarantee to United States Enrichment Corporation (USEC) to build a uranium enrichment facility in Ohio. Many in the state are hailing this project for bringing in much-needed jobs, but financially, the project is on shaky ground and is unlikely to bring anything but debt and dashed hopes to Ohio’s residents.

U.S. taxpayers are already on the hook for $2 billion in guarantees that DOE offered to the French government-owned company Areva to build a similar uranium enrichment facility in Idaho. Once that $3.3 billion facility gets a license from the Nuclear Regulatory Commission and begins operating in four years or so, it is supposed to supply fuel to about 50 nuclear reactors, but not exclusively to plants in the U.S.

All this taxpayer money is being waved around in the name of moving the U.S. toward a clean energy policy. But what are American taxpayers being asked to invest in? Let’s take a closer look at the bets Washington is making with our tax dollars.


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