USEC Reports on Recent Loan Guarantee Progress at Shareholders' Meeting

USEC Inc. USU today hosted its annual shareholders meeting and reported to its shareholders on the accomplishments of the past year and the recent progress made in the Company's application for a $2 billion loan guarantee from the Department of Energy . John K. Welch, USEC president and chief executive officer, said work done over the past year to address DOE's concerns had provided a strong foundation for the comprehensive update to the loan guarantee application submitted in July 2010. As announced earlier this week, DOE's Loan Guarantee Program Office has substantially completed its due diligence and negotiation stage of the application process and has advanced the American Centrifuge Project application to the next phase, which includes credit review within DOE and the Office of Management and Budget.