Department of Energy, enhanced transparency could clarify costs, market impact, risk, and legal authority to conduct future uranium transactions : report to congressional requesters.

Format:

Book

Government document

Author/Creator:

United States. Government Accountability Office, issuing body.

Language:

English

Subjects (All):

United States. Department of Energy--Rules and practice.

United States.

United States. Department of Energy.

Nuclear fuels--United States.

Nuclear fuels.

Uranium.

uranium.

Medical Subjects:

Uranium.

Genre:

Rules.

Physical Description:

1 online resource (iii, 106 pages) : color illustrations

Place of Publication:

[Washington, D.C.] : United States Government Accountability Office, 2014.

Summary:

USEC is the only company that uses U.S.-developed technology to enrich uranium. According to DOE, under international agreements the U.S. must use uranium enriched with domestic technology to meet national security needs, such as for nuclear weapons. In 2012 and 2013, DOE transferred uranium to USEC to support the development of next generation enrichment technology and for other national security purposes. In May 2013, USEC ceased enrichment operations and, in March 2014, filed for Chapter 11 bankruptcy protection. In April 2014, DOE announced it would assume managerial responsibility for continued development of the next generation technology. GAO was asked to review recent DOE transactions involving USEC. This report examines (1) the uranium transactions DOE undertook in 2012 and 2013 involving USEC, (2) legal concerns regarding the transactions, (3) other issues the transactions raise, and (4) the extent to which DOE assessed impacts of the transactions on the domestic uranium market. GAO recommends six actions to DOE to improve the transparency of its uranium transactions, including developing a consistent method for valuing depleted uranium tails and conducting quality assurance on future market impact studies.

Notes:

Title from title screen (viewed Mar. 5, 2015).

"May 2014."

Includes bibliographical references.

"GAO-14-291."

OCLC:

904591491