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EMD-81-147 1 (1981-09-29)

handle is hein.gao/gaobabcpj0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 IKJRGY AND MINERtALS DIVISION r t~e ~f1erat Ar c~ ~ ;~ a~provaI 4k~ t~e ~ .~. B-199764 RELEASED September 29, 1981 The Honorable Howard M. Metzenbaum United States Senate The Honorable Sam Gejdenson House of Representatives IllllI 111 116768 Subject: The Tertiary Incentive Program Was Poorly Designed and Administered (EMD-81-147) In response to your letters of May 4, 1981, and May 22, 1981 (see app. II and app. III), we examined the Department of Energy's (DOE's) tertiary incentive program. As agreed with your offices, we addressed --the number of certifications DOE received for tertiary recovery projects in total and during the 2 months prior to and 2 months following the President's January 28, 1981, decontrol order; --the amount of expenses producers recouped during this 4 month period; --the resources DOE allocated to monitor this program to ensure against abuse; --the efforts DOE made to determine the costs and benefits of this program; and --the ruling DOE issued concerning the impact of decontrol on the program. Our findings and conclusions are summarized below. information is provided in Appendix I. Detailed PROGRAM SIZE From the start of the program on August 21, 1979, until its termination on March 31, 1981, DOE's Economic Regulatory Administration (ERA) received a total of 423 certifications for new tertiary oil recovery projects. DOE received 54 certi- fications during the 2 months prior to decontrol and 100 during the 2 months after decontrol. Thus, about 35 percent of all I Kict

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