Proposed Sale of the Great Plains Coal Gasification Project

T-RCED-88-34: Published: Apr 13, 1988. Publicly Released: Apr 13, 1988.

Additional Materials:


Office of Public Affairs
(202) 512-4800

GAO discussed the Department of Energy's (DOE) proposed sale of the Great Plains Coal Gasification Project, focusing on the: (1) financial return should the federal government maintain ownership of the project; (2) estimated price that would equal the project's retention value; and (3) effect on the federal budget. GAO found that: (1) potential net revenues from continued federal ownership could total about $1.5 billion; (2) for the government to be as well off financially from selling the project as it would be from retaining ownership, it would have to sell the project for an estimated $1 billion; (3) sale of the project would reduce the federal deficit in the year of the sale; and (4) a low sale price would tend to increase the federal deficit over the long term because future cash and tax revenues would be less than the revenues to be realized from continued ownership.

Dec 10, 2020

Dec 8, 2020

Nov 19, 2020

Oct 29, 2020

Oct 15, 2020

Jul 24, 2020

Jun 24, 2020

Jun 9, 2020

May 13, 2020

May 12, 2020

Looking for more? Browse all our products here