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Web Date: February 15, 2012

Changes Recommended For Energy Loan Program

Clean Energy: Independent audit finds loans less risky than previous estimates but seeks better program oversight
Department: Government & Policy | Collection: Climate Change, Sustainability
News Channels: Environmental SCENE
Keywords: solyndra, loan guarantees, DOE, treasury, audit, Steven Chu

An independent audit of the Department of Energy’s loan guarantee program has found little fault with the program but suggests ways for the department to improve management and oversight.

The White House initiated the audit in response to criticism by Republican members of the House of Representatives who are investigating the loan program in the wake of the bankruptcy of loan recipients Solyndra and Beacon Power. To lead the audit, . . .

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