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090869 1 (1981-07-29)

handle is hein.gao/gaobadxhl0001 and id is 1 raw text is: 



            UNITED STATES GENERAL ACCOUNTING OFFICE
                    WASHINGTON, D.C. 20548


                                       FOR RELEASE ON DELIVERY
                                       Expected at 2:00 p.m.
                                       Wednesday, July 29, 1981

                         STATEMENT OF
                         J. DEXTER PEACH
                           DIRECTOR
                 ENERGY AND MINERALS DIVISION             090869
                          BEFORE THE
          SUBCOMMITTEE ON FOSSIL AND SYNTHETIC FUELS
                            OF THE
            HOUSE COMMITTEE ON ENERGY AND COMMERCE
                              ON
          THE PROJECT SELECTION CRITERIA PROPOSED BY
                THE SYNTHETIC FUELS CORPORATION

Mr. Chairman and Members of the Subcommittee:

     We welcome the opportunity to be here to discuss the

Synthetic Fuels Corporation's (SFC's) proposed project selec-

tion guidelines. My testimony today is based on our preliminary

review of the guidelines and our previous work concerning the

Department of Energy's (DOE's) synthetic fuels programs; partic-

ularly, DOE's alternative fuels program. 1/ My remarks concern

     --now the process will work,

     --what additional information is needed, and

     --how the integrity of the selection process will be

       ensured.

BACKGROUND

     First, however, I would like to provide some background.

On June 30, 1980, the Congress enacted the Energy Security

Act, which authorizes the creation of the SFC. The SFC's

                             BEST DOCUMENT AVAILABLE

l/Special Care Needed in Selecting Projects for the Alternative
  Fuels Program (EMD-81-36, Dec. 8, 1980).



                             . .. 2 :

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