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RCED-83-226 1 (1983-08-22)

handle is hein.gao/gaobabncv0001 and id is 1 raw text is: 


574T


RELEASED


pESOuRCES COMMUNITY
AND ECONOMIC DEVELOPMENT
     DV ISION


August 22, 1983


B-104105




The Honorable John D. Dingell
Chairman, Subcommittee on Oversight
  and Investigations

The Honorable Richard L. Ottinger
Chairman, Subcommittee on Energy
  Conservation and Power
Committee on Energy and Commerce
House of Representatives

The Honorable Howard H. Baker, Jr.
The Honorable Gordon J. Humphrey
The Honorable James A. McClure
United States Senate


111111111111111
   122374


The Honorable Marilyn Lloyd
House of Representatives


Subject:


Comments on a Plan for Obtaining Private Financing
for the Clinch River Breeder Reactor
(GAO/RCED-83-226)


     This letter responds to your request for our views on the
private financing plan for the Clinch River Breeder Reactor (CRBR)
that the Department of Energy (DOE) submitted to the Congress on
August 1, 1983. This plan was developed by a Breeder Reactor
Corporation1 (BRC) task force. As you know, reports of a more
preliminary nature, which described a potential framework for
obtaining private financing for the CRBR, were issued by DOE and
BRC in March 1983.

     We evaluated the March reports in response to your earlier
requests and issued our report to you on May 12, 1983
(GAO/RCED-83-151). We concluded that the reports





1The Breeder Reactor Corporation is a company formed to obtain
the financial and other participation of the 753 utilities
contributing funds to the Clinch River Breeder Reactor Project.


(301629)


     Ac,-e I.-
b     OiTED STATES GENERAL ACCOUft4 Im   f
                 -WASHINGTON, D.C,       ..48

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