Uranium Enrichment:

Activities Leading to Establishment of the U.S. Enrichment Corporation

RCED-94-227FS: Published: Jun 27, 1994. Publicly Released: Jul 27, 1994.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Pursuant to a congressional request, GAO reviewed the transition of the Department of Energy's (DOE) Uranium Enrichment Program to the United States Enrichment Corporation.

GAO found that: (1) despite a short transition period and a small transition team, the Corporation was successfully established on July 1, 1993; (2) DOE effectively completed the lease agreements, developed regulatory oversight responsibilities, and transferred the assets necessary for the Corporation's establishment; (3) of the $11.9 million in total transition costs, DOE costs totalled about $6.5 million and the transition team's costs totalled about $5.4 million; (4) most of DOE costs resulted from planning studies, acquiring lease agreements for uranium plants, and transfer fees; (5) the Corporation used uranium enrichment account funds to pay for all transition costs; (6) at the time of the Corporation's establishment, DOE transferred about $2.2 billion in cash, accounts receivable, and raw and low-enriched uranium inventories to the Corporation; and (7) during the Corporation's operation it developed procurement policies and procedures, properly contracted support services using competitive procedures, implemented integrated financial accounting systems that conformed with appropriate accounting principles, and developed effective personnel policies.

Feb 25, 2015

Dec 16, 2014

Dec 11, 2014

Nov 25, 2014

Nov 14, 2014

Nov 12, 2014

Oct 30, 2014

Looking for more? Browse all our products here