Democratic News

“Mr. Allison’s review is a careful and thoughtful analysis of the Department of Energy’s loan programs.  As the report makes clear, Congress established these programs to support innovative projects employing technologies that have not reached commercial maturity, and thus were not likely to receive support from commercial debt markets.  That’s why Congress provided money up front to account for anticipated losses.

 

“The report gives reassurance that the accounting for the risks of DOE’s loans appear to be accurate.  Mr. Allison also provided a number of recommendations to further improve these programs.  I look forward to having Mr. Allison come before the Committee next month to present his analysis and recommendations, once our Members have had a chance to read and consider today’s report.”

 

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