The Dept. of Energy has asked USEC Inc. to withdraw its application for a loan guarantee to build an advanced-technology uranium- enrichment plant at the site of a former enrichment facility in Piketon, Ohio. However, DOE will give USEC the chance to reapply at a later date. The agency says it plans to defer review of the application until a series of specific technology and financial milestones have been met. USEC says it is committed to developing the plant. DOE also says it will spend an additional $150 million to $200 million to accelerate cleanup at the former uranium-enrichment plant
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.