Uranium-enrichment pricing policies
Auditors found that the interest expense used in uranium enrichment pricing is based on the average rate Treasury pays on all Government issues outstanding, regardless of when they were issued, or for what purpose. Use of the Treasury's prevailing market rate would better ensure that enrichment prices more closely reflect actual costs incurred. Auditors also noted that in Fiscal Years 1979 through 1981, the interest charged on Government-owned feedstock added $515 million to enrichment costs, accounting for 32 percent of the Activity's interest costs and 12 percent of its total costs - costs that are passed on to customers in the form of higher prices. This was in response to a 1978 GAO recommendation. The Deputy Assistant Secretary for Uranium Enrichment and Assessment disagreed with the first finding but concurred in the second. His views are discussed.
- Research Organization:
- USDOE Office of Inspector General, Washington, DC
- OSTI ID:
- 6098644
- Report Number(s):
- DOE/IG-0196; ON: DE83014394
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
290000* -- Energy Planning & Policy
ACTINIDES
AUDITS
COST RECOVERY
ELEMENTS
FINANCING
GOVERNMENT POLICIES
INTEREST RATE
INVENTORIES
INVESTMENT
ISOTOPE SEPARATION
MANAGEMENT
MARKET
METALS
ORE CONCENTRATES
ORES
PRICES
PROGRAM MANAGEMENT
SEPARATION PROCESSES
URANIUM
URANIUM CONCENTRATES
URANIUM ORES