Issa Seeks Docs on $4.75B in Solar Guarantees

Monday, 10 Oct 2011 12:57 PM


  Comment  |
   Contact Us  |
|  A   A  
  Copy Shortlink
Republicans are expanding their investigation into a U.S. loan-guarantee program beyond solar- panel maker Solyndra LLC to four awards issued on the clean- energy effort’s final day.

Representative Darrell Issa, a California Republican and chairman of the House Oversight and Government Reform Committee, wrote Energy Secretary Steven Chu on Oct. 7 requesting documents relating to $4.75 billion won by four solar projects on Sept. 30, when funding for the program ran out.

Republicans have said Solyndra’s $535 million loan guarantee was rushed for political considerations, leading federal reviewers of the loan to overlook evidence the Fremont, California, solar panel maker was a risky bet. Solyndra filed for bankruptcy protection on Sept. 6.

The guarantees “given on the last day of the program raise similar concerns,” Issa wrote.

© Copyright 2014 Bloomberg News. All rights reserved.

  Comment  |
   Contact Us  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Retype Email:
Zip Code:
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Mali's Islamists Withdraw Cease-Fire Pledge

Friday, 04 Jan 2013 13:06 PM

Tens of thousands of Fatah supporters rallied in the Hamas stronghold of Gaza on Friday for the first time since they we . . .

Fmr. CIA Director Hayden: Iran Nuclear Crisis Gets 'Scarier'

Tuesday, 17 Jul 2012 18:11 PM

 . . .

Join Fmr. CIA Director for Special Iran Briefing, Assess the Danger

Friday, 13 Jul 2012 12:27 PM

 . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved