Comments on Smith Barney's Uranium Enrichment Analysis

Gao ID: T-RCED-90-101A July 31, 1990

GAO discussed restructuring the Department of Energy's uranium enrichment program as a government corporation. GAO found that before a private company is formed: (1) the new corporation should bear the costs of modernizing old plants and cleaning up and decommissioning existing facilities; (2) Congress should consider restructuring legislation to ensure repayment of $3 billion in past costs rather than relying on unspecified dividends and stock sales; and (3) restructuring legislation should require the government to match the corporation's fund contributions.



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