Download or read book Department of Energy Loan Programs written by and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Doe Loan Programs written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-10-05 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: DOE's Loan Programs Office administers the Loan Guarantee Program (LGP) for certain renewable or innovative energy projects and the Advanced Technology Vehicles Manufacturing (ATVM) loan program for projects to produce more fuel-efficient vehicles and components. As of March 2014, the programs had made more than $30 billion in loans and guarantees: approximately $21.9 billion for 33 loan guarantees under the LGP and $8.4 billion for 5 loans under the ATVM loan program. Both programs can expose the government and taxpayers to substantial financial risks should borrowers default. GAO assessed the extent to which DOE has developed and adhered to loan monitoring policies for its loan programs for 2009 to 2013. GAO analyzed relevant regulations and guidance; prior audits; DOE policies; and DOE data, documents, and monitoring reports for a nonprobability sample of 10 loans and guarantees. Findings from the sample are not generalizable, but the sample covered a range of technologies and loan statuses. GAO also interviewed DOE officials.
Download or read book Loan Guarantee Program written by United States. Congress. Senate. Committee on Energy and Natural Resources and published by . This book was released on 2011 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book DOE Loan Programs written by Frank Rusco and published by . This book was released on 2015-06-05 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Department of Energy's (DOE's) Loan Programs Office administers the Loan Guarantee Program (LGP) and the Advanced Technology Vehicles Manufacturing (ATVM) loan program to support certain renewable or innovative energy technologies. Both programs can expose the government and taxpayers to substantial financial risks if borrowers default. This report (1) describes DOE's loan portfolio and the portfolio's current status; (2) describes the current estimated credit subsidy costs of the loan programs and the extent to which credit subsidy cost estimates changed; and (3) examines DOE's administrative costs for the loan programs and the extent to which fees have covered LGP's administrative costs. Tables and figures. This is a print on demand report.
Download or read book Doe Loan Programs written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-10-05 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: DOE's Loan Programs Office administers the LGP and the ATVM loan program to support certain renewable or innovative energy technologies. Both programs can expose the government and taxpayers to substantial financial risks if borrowers default. DOE accounts for two types of program costs: credit subsidy costs and administrative costs. The Energy Policy Act of 2005 requires LGP to charge and collect fees to cover applicable administrative expenses. GAO has an ongoing mandate to review the LGP. Because DOE administers the LGP and ATVM loan program through one office, GAO included both programs in this review. This report (1) describes DOE's loan portfolio and the portfolio's current status, (2) describes the current estimated credit subsidy costs of the loan programs and the extent to which credit subsidy cost estimates changed, and (3) examines DOE's administrative costs for the loan programs and the extent to which fees have covered LGP's administrative costs. GAO analyzed regulations and guidance, prior audits, and DOE data on credit subsidy estimates and administrative costs for all loans and guarantees originated under these loan programs. GAO also interviewed DOE officials.
Download or read book Doe Loan Programs written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2018-05-11 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: DOE LOAN PROGRAMS: DOE Has Made More Than $30 Billion in Loans and Guarantees and Needs to Fully Develop Its Loan Monitoring Function
Download or read book Risky Business written by Subcommittee on Energy & Subcommittee on and published by Createspace Independent Publishing Platform. This book was released on 2017-05-17 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: Established by the Energy Policy Act of 2005, the Department of Energy's loan guarantee program was designed to give federal support to risky, innovative, clean energy technology. Under a federal loan guarantee, instead of the private sector taking on risk to fund the scaleup of new technology, the government steps in, risking federal dollars on the hopes for success of these energy projects. Through the section 1703 and 1705 programs, the Department guaranteed loans to 30 energy companies, putting about $28 billion of taxpayer money on the line. Easy money combined with political pressure to issue loans before the temporary subsidy program expired led the DOE to rush loan applications. Both the DOE Inspector General and the Government Accountability Office found that DOE did not have the necessary expertise or the metrics to effectively evaluate these loans. A number of companies that received section 1705 loans went into default. In total, over $800 million in taxpayer money has been wasted by this DOE loan program. The GAO estimates that the cost for the current loan guarantees is $2.2 billion. Supporters argue the cost is justified if we can help innovative technologies make the leap to the commercial market. But what if federal meddling in the market actually hurts innovation?
Download or read book Department of Energy written by United States. Government Accountability Office and published by . This book was released on 2013 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Doe Loan Programs written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2018-05-12 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: DOE Loan Programs: Information on Implementation of GAO Recommendations and Program Costs
Download or read book Doe Loan Programs written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-12-24 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: DOE LOAN PROGRAMS: Current Estimated Net Costs Include $ Plus Administrative Expenses
Download or read book Department of Energy Oversight written by United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Oversight and Investigations and published by . This book was released on 2015 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book DOE loan programs written by Frank W. Rusco and published by . This book was released on 2014 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Department of Energy written by Frank Russo and published by DIANE Publishing. This book was released on 2009-02 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: Title XVII of the Energy Policy Act of 2005 established DoE¿s loan guarantee program (LGP) for innovative energy projects that should decrease air pollutants or greenhouse gases and that have a reasonable prospect of repayment. For FY 2008 and 2009, Congress authorized the use of borrower fees to pay the costs of loan guarantees; DoE will limit loan guarantees to $38.5 billion. Congress mandated this review of DoE¿s progress in assessing progress in: (1) issuing final regulations; and (2) taking actions to help ensure that the program is managed effectively and to maintain accountability. Also assessed how inherent risks due to the nature of the LGP may affect DoE¿s ability to achieve intended program outcomes. Includes recommendations. Illus.
Download or read book DOE Loan Programs DOE Should Fully Develop Its Loan Monitoring Function and Evaluate Its Effectiveness written by United States. Government Accountability Office and published by . This book was released on 2014 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Solyndra and the DOE Loan Guarantee Program written by United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Oversight and Investigations and published by . This book was released on 2013 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Loan Guarantee Program written by United States. Congress. Senate. Committee on Energy and Natural Resources and published by . This book was released on 2009 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Doe Loan Guarantees written by U.s. Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-08-03 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: " The Department of Energy's (DOE) Loan Guarantee Program (LGP) was created by section 1703 of the Energy Policy Act of 2005 to guarantee loans for innovative energy projects. Currently, DOE is authorized to make up to $34 billion in section 1703 loan guarantees. In February 2009, the American Recovery and Reinvestment Act added section 1705, making certain commercial technologies that could start construction by September 30, 2011, eligible for loan guarantees. It provided $6 billion in appropriations that were later reduced by transfer and rescission to $2.5 billion. The funds could cover DOE's costs for an estimated $18 billion in additional loan guarantees. GAO has an ongoing mandate to review the program's implementation. Because of concerns raised in prior work, GAO assessed (1) the status of the applications to the LGP and (2) for loans that the LGP has committed to, or made, the extent to which the program has adhered to its process for reviewing applications. GAO analyzed relevant legislation, regulations, and guidance; prior audits; and LGP data, documents, and applications. GAO also interviewed DOE officials and private lenders with experience in energy project lending. "
