Powder River Basin regional coal-lease sales: was fair market value received. Oversight hearing before the Subcommittee on Oversight and Investigations of the Committee on Interior and Insular Affairs, First Session, May 16, 1983, House of Representatives, Ninety-eighth Congress
Book
·
OSTI ID:7040836
Garrey E. Carruthers of the Department of the Interior (DOI) and Dexter J. Peach of the General Accounting Office (GAO) testified about the Powder River Basin lease sale of 1.6 million tons of coal reserves as part of the federal coal management program. At issue were the calculations of fair market value set for the minimum acceptable bids (MABs), which were cut in half by DOI to encourage bidding, at a substantial loss in revenue. The witnesses were asked to review these events and to address the philosophy behind the sudden move to lease vast coal reserves at bargain prices in the context of US energy policy. Mr. Peach reviewed the GAO report documenting the lease sale results. Mr. Carruthers outlined DOI leasing procedures and their merits. Additional material submitted for the hearing follows the testimony.
- OSTI ID:
- 7040836
- Country of Publication:
- United States
- Language:
- English
Similar Records
Deficiencies in the Department of the Interior OIG investigation of the Powder River Basin coal lease sale
Examination of the water project construction backlog. Joint hearing before the Subcommittee on Investigations and Oversight and the Subcommittee on Water Resources of the Committee on Public Works and Transportation, House of Representatives, Ninety-Eighth Congress, First Session, February 23, 1983
Production potential of federal coal leases. Oversight Hearing before the Subcommittee on Energy and the Environment of the Committee on Interior and Insular Affairs, House of Representatives, Ninety-Seventh Congress, Second Session on production potential of federal coal leases
Technical Report
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Mon Jun 11 00:00:00 EDT 1984
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OSTI ID:6557060
Examination of the water project construction backlog. Joint hearing before the Subcommittee on Investigations and Oversight and the Subcommittee on Water Resources of the Committee on Public Works and Transportation, House of Representatives, Ninety-Eighth Congress, First Session, February 23, 1983
Book
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Fri Dec 31 23:00:00 EST 1982
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OSTI ID:5562290
Production potential of federal coal leases. Oversight Hearing before the Subcommittee on Energy and the Environment of the Committee on Interior and Insular Affairs, House of Representatives, Ninety-Seventh Congress, Second Session on production potential of federal coal leases
Book
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Thu Dec 31 23:00:00 EST 1981
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OSTI ID:5062413
Related Subjects
01 COAL, LIGNITE, AND PEAT
015000* -- Coal
Lignite
& Peat-- Economic
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
294001 -- Energy Planning & Policy-- Coal
ACCOUNTING
BIDS
CALCULATION METHODS
COAL RESERVES
DOCUMENT TYPES
HEARINGS
LAND LEASING
LEASES
LEASING
MANAGEMENT
NATIONAL ORGANIZATIONS
PROGRAM MANAGEMENT
RESERVES
RESOURCES
US DOI
US ORGANIZATIONS
VALUES
015000* -- Coal
Lignite
& Peat-- Economic
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
294001 -- Energy Planning & Policy-- Coal
ACCOUNTING
BIDS
CALCULATION METHODS
COAL RESERVES
DOCUMENT TYPES
HEARINGS
LAND LEASING
LEASES
LEASING
MANAGEMENT
NATIONAL ORGANIZATIONS
PROGRAM MANAGEMENT
RESERVES
RESOURCES
US DOI
US ORGANIZATIONS
VALUES