USEC to file trade case against European competitors

USEC to file trade case against European competitors -- December 7, 2000

(Washington-AP) -- The only U.S. company that provides fuel for nuclear power plants will file a complaint alleging that it's the victim of an unfair trading practice.

U.S. Enrichment Corporation says it will ask the government to investigate whether Eurodif SA and Urenco Limited sold uranium to American power plants for less than the cost of production. Eurodif is a British, Dutch and German consortium. Urenco is France's uranium enrichment company.

The case alleges that those companies benefit from government subsidies, and have harmed U.S. Enrichment by selling power plant-grade uranium at illegally low prices. U.S. Enrichment lawyer Richard Cunningham isn't saying how many customers the company has lost to the Europeans.