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EMD-78-88 1 (1978-10-04)

handle is hein.gao/gaobaayci0001 and id is 1 raw text is: DOCUMENT RESUME 07376 - [C2827934 I GAO Work Involving Title V of the Energy Policy and Conservation Act of 1975. EMD-78-88; B-178726. October 4, 1978. 1 pp. + appendix (15 pp.). Report to the Congress; by Elmer B. Staats, Comptroller General. Issue Area: Energy (1600); Data Collected from Non-Federal Sources: Reliability and Accuracy of Information (3101). Contact: Energy and Minerals Div. Budget Function: Natural Resources, Environment, and Anergy: Energy (305); Commerce and TransporLation (400). Organization concerned: Executive Office of ti. President; Energy Information Administration. Congressional Relevance: Congress. Authority: Energy Policy and Conservation Act of 1975, t'le V (42 U.S.C. 6381). Department of Energy C.rganization Act (42 U.S.C. 7297). Natural Gas Act of 1938, as amended (15 U.S.C. 717). Emergency Natural Gas Act of 1977 (P.L. 95-2). Title V of the Energy Policy and Conservation Act of 1975 authorized GAO to independently verify energy data and to inspect the books and records of private persons and companies. The act also directed that GAO annually report to the Congress on energy or financial information reviewed under title V and to discusss actions taken to correct any noted deficiencies. Findings/Conclusions: As of July 31, 1978, GAO had requested information from 74 different energy companies and had conducted onsite audits of certain books and records of 37 companies. Reports issued and assignments underway nertained to a variety of energy sources and addresssed a broad range of issues and types of energy data. Title V is an effective statutory tool in conducting energy reviews, but it should be recognized that GAO's role in energy verification is limited to the particular issues being studied and not to systematic collection and analysis of energy data. Although some delays have I-een experienced in receiving information, there have been no outright refusals to comply with requests. A discussion of reports issued and assignments in process is included. (RRS)

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