UEC Cash Flow Projection

RCED-92-292R: Published: Sep 17, 1992. Publicly Released: Oct 20, 1992.

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Pursuant to a congressional request, GAO evaluated a consultant's cash flow projections for the uranium enrichment corporation that would be created by proposed legislation. GAO noted that the projections: (1) incorporate several assumptions that would not apply to the corporation, as envisioned by the proposed legislation; and (2) use revenue and cost figures that do not reflect recent program changes. GAO also noted that its revised projection: (1) uses more recent Department of Energy revenue and cost estimates; (2) makes adjustments to reflect recent changes in the proposed legislation; and (3) shows that, from 1993 through 2005, the corporation will return to the government revenues totalling about $3.8 billion.

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