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Energy & Fuel

Obama Admin Spared Developers Millions in Loan Fees for Ga. Nukes

"The Obama administration finalized $6.5 billion worth of loan guarantees for the country's first U.S. reactors in decades without requiring developers to pay a "credit subsidy fee" -- money that protects taxpayers should the developers default, according to documents obtained by Greenwire."

Source: Greenwire, 04/22/2014

"Study Chides U.S. Over Loan Default by Solar Business"

"Long before the Energy Department lost $68 million on Abound Solar, a manufacturer that went bankrupt two years ago, it should have known that the company’s chance of repaying the loan it had guaranteed was deteriorating, according to a report by the department’s inspector general."

Source: NY Times, 04/18/2014

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