Latest Loan guarantee Stories
FOIA-Disclosed Documents Expose Inadequate Attention to High Risk Faced by Taxpayers, Problems with Loan Due Diligence and Apparent Political Interference. ATLANTA, Jan. 30, 2013 /PRNewswire-USNewswire/ -- Documents newly acquired under a Freedom of Information Act (FOIA) request and subsequent litigation show that Solyndra-like problems are plaguing the controversial $8.33 billion federal loan guarantee conditionally committed for the construction of two nuclear reactors (Vogtle 3...
Taxpayers for Common Sense, Heritage Foundation, National Taxpayers Union, and Competitive Enterprise Institute Outline Troubled Projects That Could Still Move Ahead. WASHINGTON, Sept. 12, 2012 /PRNewswire-USNewswire/ -- Four groups - Taxpayers for Common Sense, Heritage Foundation, National Taxpayers Union and the Competitive Enterprise Institute - warned today that a number of energy boondoggles would remain in the federal pipeline under the No More Solyndras Act. While the...
A closer look at new documents shows Department of Energy significantly underestimated controversial Vogtle Nuclear Plant's risk of default ATLANTA, May 23, 2012 /PRNewswire-USNewswire/ -- Late last week Southern Alliance for Clean Energy (SACE) successfully negotiated the release of hundreds of pages of secret nuclear loan guarantee documents to settle Freedom of Information Act (FOIA) litigation spanning nearly two years. These documents reveal that one of the nation's largest...
As Final Arguments Are Filed, Southern Co., Obama Administration Fight FOIA Request to Figure Out Danger to Taxpayers in the Event of Default in Deal More Than 12 Times the Size of Solyndra. ATLANTA, Feb. 6, 2012 /PRNewswire-USNewswire/ -- With the Nuclear Regulatory Commission (NRC) believed to be within days of announcing the final federal approval of the controversial Vogtle nuclear project, the Southern Alliance for Clean Energy (SACE) has asked a court to stop more than...
Is DOE Hiding Miniscule Credit Subsidy Fee of 1.5 Percent ... Or Even Less ...for New Vogtle Reactors? Ignoring Need for Transparency After Collapse of Recent Loan Guarantee, DOE Continues to Refuse to Operate in an Open, Taxpayer-Friendly Way. ATLANTA, Oct. 13, 2011 /PRNewswire-USNewswire/ -- After more than a year and a half of stonewalling by the U.S. Department of Energy (DOE), the Southern Alliance for Clean Energy (SACE) said this week that it will press ahead with its Freedom of...
COLUMBUS, Ohio, July 13, 2011 /PRNewswire/ -- Columbus-based Value Recovery Holding, LLC ("VRH") has been awarded up to a $53.8 million five-year contract to support the U.S. Department of Energy's Loan Program Office ("LPO"). The mission of the Loan Programs Office is to increase the supply of clean energy by issuing long-tenor loans and loan guarantees to accelerate the commercial deployment of innovative and advanced technologies at a scale that contributes meaningfully to the...
Ford, Small Business Suppliers and Workers in 41 States to Benefit WASHINGTON, Aug. 5 /PRNewswire-USNewswire/ -- The Export-Import Bank of the United States (Ex-Im) has approved a $250 million working capital loan guarantee for Ford Motor Company in Dearborn, Michigan. The loan facility will finance $3.1 billion of export sales for over 200,000 vehicles being sold to buyers in Canada and Mexico. These exports represent 15 percent of Ford's 2009 production and the vehicles will be...
WASHINGTON, Aug. 28 /PRNewswire/ -- USA Energy Advisors, LLC (USAEA) was awarded a five year program management contract on July 1, 2009 to administer the U.S. Department of Energy's federal process for awarding loan guarantees under Title XVII of the Energy Policy Act of 2005 as amended by the American Recovery and Reinvestment Act of 2009. A principal purpose of the program is to encourage early commercial use of new or significantly improved technologies in energy projects, as compared...
