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117082 1 (1981-05-11)

handle is hein.gao/gaobacssx0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFIC, WASHINGTON, D.C. 20548 FOR RELEASE ON DELIVERY -Expected at 1:30 p.m. Monday, May 11, 1981 STATEMENT OF J. DEXTER PEACa, DIRECTOR ENERGY AND MINERALS DIVISION BEFORE THE 117082 HOUSE.COMMITTEE ON SCIENCE AND TCHNOLOGY ON TERMINATION COST OF THE CLINCH BREEDER REACTOR PLANT PROJECT Mr. Chairman and Members of the Committee: We appreciate the opportunity to be here today to discuss the Clinch River Breeder Plant Project; specifically, the potential costs of terminating the Project.. Over the years, we have issued a number of reports on the Nation's fast breeder reactor program in general and Clinch River in particular. Our most recent reports discussing termination costs for Clinch River were issued about 2 years ago--in May and July 1979. Those two reports, as we were able to ate them on Friday, May 8, form the principal basis.of my st.te' ?nt today. In a May 7, 1979, report we concluded that if the Congress chose to terminate Clinch River at the end of fiscal year 1979, the remaining Federal commitment would have been between $152 and $350 million. 1/ The lower figure represented the cost of meeting contractual obligations plus $20 million for continuing selected design activities of value to the future fast breeder reactor program. The high figure, reflecting estimates by some industry groups, depended on the results of possible lawsuits against the Government for failing to complete the Project. 1/The Clinch River Breeder Reactor--Should the Congress Continue to Fund It? EMD-79-62, May 7, 1979.

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