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RCED-85-46 1 (1985-02-14)

handle is hein.gao/gaobabeyo0001 and id is 1 raw text is: 0ISYRICTED -Not to 1W rellase outsz tho DflSwi Atcoung Offa except on the basls. of OP0 1l1 piop.4ir4 I f i BYITHE COMPTROLLER GENERAL Report To The Chairman, Subcommittee On Oversight And Investigations Committee On Energy And Commerce House Of Representatives OF THE UNITED STATES The Department Of Energy Should Improve Its Management Of Oil Overcharge Funds Between August 19, 1973, and January 28, 1981, oil companies were subject to federal price control regula- tions on crude oil and refined petroleum products. The Department of Energy (DOE) is currently evaluating alleged pricing violations that occurred during that period to determine how much money, if any, the oil companies should return to overcharged customers. In settling these alleged overcharge violations, DOE has required some companies (where the overcharged cus- tomers could not be specifically identified) to make pay- ments to either the states where the oil companies do business or to a DOE escrow account with the U.S. Treasury. Also, in accordance with section 155 of Public Law No. 97-377, DOE has redistributed $200 million of the escrow account funds to the states. GAO found that DOE has not given each state its pro rata share of the escrow funds and has not complied with its regulations for determining the appropriate recipients of the oil overcharge refunds. Accordingly, GAO makes rec- ommendations to improve DOE's management of the refund program and restates the need for DOE to comply with the Comptroller General's decisions and opinions concerning DOE's procedures for identifying overcharged customers. //ll////ll/lll/II 11111111 li 126403 GAO/RCED-85-46 c'OU C 71,) )-1 FEBRUARY 14,1985

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