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130728 1 (1986-08-14)

handle is hein.gao/gaobacttu0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 FOR RELEASE ON DELIVERY EXPECTED AT 9:45 a.m. AUGUST 14, 1986 130728 STATEMENT OF KEITH 0. FULTZ ASSOCIATE DIRECTOR RESOURCES, COMMUNITY, AND ECONOMIC DEVELOPMENT DIVISION BEFORE THE SUBCOMMITTEE ON ENERGY AND THE ENVIRONMENT HOUSE COMMITTEE ON INTERIOR AND INSULAR AFFAIRS ON THE U.S. URANIUM ENRICHMENT SERVICES PROGRAM Mr. Chairman and members of the Subcommittee, we appreciate the opportunity to present our views on the U.S. uranium enrichment program. At your request, our testimony today focuses on the Department of Energy's (DOE's) recent revisions to the Uranium Enrichment Services Criteria--the rules under which DOE provides enrichment services. Before presenting our views on the new criteria, however, I would like to place in perspective the situation DOE faces in managing the enrichment program. Today's uranium enrichment market is considerably different from the one that existed in 1970 when the Congress mandated that the government's costs of providing enrichment services be recovered over a reasonable period of time. Lower prospects for

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