Examples of American Centrifuge Project in a sentence
At current market prices, the Debtor does not believe that its plans for commercialization of the American Centrifuge Project are economically viable without additional government support beyond the $2 billion loan guarantee funding that the Debtor has applied for from the DOE.
Uncertainty surrounding the milestones under the 2002 DOE-USEC Agreement or the initiation by the DOE of any action or proceeding under the 2002 DOE- USEC Agreement could adversely affect the Debtor’s ability to obtain financing for the American Centrifuge Project.
A chapter 11 proceeding also will involve additional expenses and could materially divert the attention of the Debtor’s management from operation of the business and implementation of the strategic objectives related to the American Centrifuge Project.
On August 23, 2004, USEC submitted its license application for its commercial facility, to be known as the American Centrifuge Project or American Centrifuge Plant (ACP).
The Debtor’s plan and timing for proceeding with the financing and commercialization of the American Centrifuge Project are uncertain.
These remedies include terminating the 2002 DOE-USEC Agreement, revoking the Debtor’s access to the DOE’s centrifuge technology that is required for the success of the American Centrifuge Project, requiring the Debtor to transfer certain rights in the American Centrifuge technology and facilities to the DOE, and requiring the Debtor to reimburse the DOE for certain costs associated with the American Centrifuge Project.
Termination of the American Centrifuge Project could have a material adverse impact on the Company’s business and prospects because the long-term competitive position of its enrichment business depends on the successful deployment of competitive gas centrifuge enrichment technology.
For example, the PBGC could take the position that a demobilization of the American Centrifuge Project, either alone or taken together with actions related to the transition of the Paducah Plant, create potential liabilities under the Employee Retirement Income Security Act of 1974, as amended, Section 4062(e).
Actions the Debtor may take with respect to the American Centrifuge Project could have significant adverse consequences on its business.
Among other things, it is possible that a bankruptcy proceeding could adversely affect the Debtor’s relationships with its key suppliers and employees, and the federal government upon which its plans for the American Centrifuge Project are dependent, and could also adversely affect Enrichment Corp as an important source of funding to the Debtor.