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The Corner

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Today’s Questions for the President



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Various news outlets report that at least two additional ”clean-energy” companies given grants and/or loan guarantees by your administration are in financial straits. Reuters reports that Beacon Power Corp. filed for bankruptcy this week, only one year after receiving a $43 million loan guarantee from the Department of Energy. The New York Times reports that an auditor for Nevada Geothermal Power, which received at least $66 million in grants and a $79 million DOE loan guarantee, has concluded that there is “significant doubt about the company’s ability to continue as a going concern.”

Several weeks ago, Solyndra, recipient of a $535 million loan guarantee, filed for bankruptcy. The Daily Caller reports that “executives, board members and investors involved with all three companies are closely linked to [you], [Senate Majority Leader] Reid and other prominent Democrats.”

What qualifies the federal government, whether a Democratic administration or a Republican, to determine which “energy” companies should be given grants and guarantees?

How many oil, gas, nuclear, or coal companies — or enterprises providing products or services thereto — have been given grants or guarantees by your administration? 

How many jobs have been created by the “clean” energy companies that have received financial assistance from your administration?

How much energy (quantifiable in oil equivalency, BTUs, megawatts, etc.) has been produced in the past year by all of the “clean” energy beneficiaries of federal loan guarantees and grants? Does DOE maintain records of such production? If not, why not?



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