Energy and Environment

Privatizing energy project enriched bureaucrats, drained federal coffers

By Luke Rosiak

Published November 8, 2013 5:00am ET

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Privatizing energy project enriched bureaucrats, drained federal coffers — This undated photo provided by United States Enrichment Corp shows Ronnie Kineman, a member of USEC's cylinder handling crew, moving a Department of Energy-owned depleted uranium "tails" cylinder into a staging area at the Paducah Gaseous Diffusion Plant. This is one of the roughly 1,100 tails cylinders whose contents were re-enriched at the plant 15 miles west of Paducah as part of the contract in 2012 that extended USEC jobs at the plant until May of this year. (AP Photo/United States Enrichment Corporation) | Ira Wexler

Second of a three-part series. See part one here.

It started as a plan small-government conservatives could get behind: spinning off a Department of Energy project into the private sector, where it would save the government money and prosper, a nimble ship steered towards access to cutting-edge non-governmental technology by executives unencumbered by the federal bureaucracy.

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Corruption Defense Spending Follow the Money Luke Rosiak U.S. Enrichment Corporation Waste and Fraud Watchdog