United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office Resources, Community, and Economic Development Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1995-09-14 monographic deposited born digital 76 p. GA 1.13:RCED-95-245 https://www.govinfo.gov/app/details/GAOREPORTS-RCED-95-245 P0b002ee180382f50 f:rc95245 DGPO 2010-08-12 2011-03-24 GAOREPORTS-RCED-95-245 machine generated eng fdlp REPORT GAOREPORTS-RCED-95-245 RCED-95-245 Federal corporations Proposed legislation Uranium Waste disposal Energy industry Economic analysis Government liability (legal) Taxpayers Profits Nuclear energy Russia Great Britain Tax Fairness and Deficit Reduction Act of 1995 DOE Uranium Enrichment Program Letter Report RCED

Pursuant to a legislative requirement, GAO provided information on the proposed privatization of the U.S. Enrichment Corporation (USEC), focusing on: (1) the net present value of the corporation; and (2) whether the privatization plan would result in any ongoing obligation or undue cost to the government.<p/>GAO found that: (1) USEC privatization plan predicts that USEC stock could sell for up to $1.8 billion and USEC would take up to $600 million out of its Treasury account after privatization; (2) after privatization, USEC could pay taxes valued up to $1.1 billion annually, although it could have options to minimize taxes; (3) the current net present value analysis needs revision, since it does not reflect the value of excess inventory and current market conditions; (4) although USEC will play the lead role in determining how and when key privatization decisions are made, the Department of the Treasury will also play an active role and concur in key decisions; (5) safeguards may need to be implemented to protect taxpayers if USEC is undervalued when sold; (6) whether or not USEC is privatized, the U.S. government has ongoing obligations related to the uranium enrichment program and could pay $17.8 billion or more to meet requirements; and (7) the privatization plan assumes that most of USEC liabilities would remain with the government. https://www.govinfo.gov/content/pkg/GAOREPORTS-RCED-95-245/html/GAOREPORTS-RCED-95-245.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-RCED-95-245/pdf/GAOREPORTS-RCED-95-245.pdf GAO/RCED-95-245 https://www.govinfo.gov/app/details/GAOREPORTS-RCED-95-245 Letter Report GAO/RCED-95-245; Uranium Enrichment: Process to Privatize the U.S. Enrichment Corporation Needs to Be Strengthened; Federal corporations Proposed legislation Uranium Waste disposal Energy industry Economic analysis Government liability (legal) Taxpayers Profits Nuclear energy Russia Great Britain Tax Fairness and Deficit Reduction Act of 1995 DOE Uranium Enrichment Program Title 19 Section 1677 19 U.S.C. 1677 Title 42 Section 2296b Title 42 Section 2297d-1 42 U.S.C. 2296b 42 U.S.C. 2297d-1