Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo

Energy: UEC Net Present Value

  Premium   Download PDF Now (10 pages)
Report Type Reports and Testimonies
Report Date Sept. 23, 1992
Report No. RCED-92-294R
Subject
Summary:

Pursuant to a congressional request, GAO provided information on cash flow projections for the proposed Uranium Enrichment Corporation (UEC), as envisioned by proposed legislation. GAO noted that: (1) it adjusted Department of Energy estimates for revenue and expenses associated with uranium enrichment operations from 1993 through 2011 to project the present value of UEC net operating income to be about $5.2 billion; (2) any estimate of earnings from uranium enrichment operations is subject to major uncertainties because of the inherent difficulty of determining the amount and selling price of enrichment services; and (3) it computed the net present value of UEC payments to the Treasury for loans, royalties, leases, and dividends to be about $3.2 billion, but that projection is also subject to major uncertainties.

« Return to search Government Accountability Office reports