Energy Management: DOE/Martin Marietta Earnings Limitation Agreement
RCED-87-147
Published: Jul 06, 1987. Publicly Released: Aug 11, 1987.
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Highlights
Pursuant to a congressional request, GAO analyzed an agreement to limit a Department of Energy (DOE) contractor's parent company's profits from an affiliated venture firm's investments in companies that are commercializing DOE-developed technology, or companies in which contractor personnel are involved as consultants, investors, or employees.
Recommendations
Recommendations for Executive Action
| Agency Affected | Recommendation | Status |
|---|---|---|
| Department of Energy | The Secretary of Energy should direct the Oak Ridge Operations Office Manager to initiate discussions with Martin Marietta for the purpose of negotiating amendments to the agreement to: (1) strengthen its controls over Martin Marietta's ability to profit from certain Innovation Center investments; (2) provide DOE access to information needed to ensure that the annual reports on the limitation agreement are accurate; and (3) specify the sanctions that could be imposed if Martin Marietta does not comply with the terms of the agreement. |
Closed – Implemented
DOE concurred with this recommendation and has amended the agreement to incorporate the provisions GAO recommended.
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Topics
Conflict of interestsContractor personnelCorporationsEnergy industryEnergy researchInvestmentsProfitsReporting requirementsResearch and development facilitiesTechnology transfer