Synthetic Fuels: An Overview of DOE's Ownership and Divestiture of the Great Plains Project
RCED-89-153
Published: Jul 14, 1989. Publicly Released: Jul 14, 1989.
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Highlights
Pursuant to a congressional request, GAO reviewed the Department of Energy's (DOE) control, ownership, and divestiture of the Great Plains Coal Gasification Project after the original owners defaulted on their $1.54-billion DOE-guaranteed loan for project construction and start-up.
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Topics
CoalFacility transferFair market valueForeclosuresGas pipeline operationsGOCOGovernment guaranteed loansLoan defaultsProperty disposalSynthetic fuelsCoal gasification