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Department of Energy

- further actions are needed to improve DOEs ability to evaluate and implement the Loan Guarantee Program: report to congressional committees.

af U S Government Accountability Office
Department of Energy af U S Government Accountability Office
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Since the Department of Energys (DOE) loan guarantee program (LGP) for innovative energy projects was established in Title XVII of the Energy Policy Act of 2005, its scope has expanded both in the types of projects it can support and in the amount of loan guarantee authority available. DOE currently has loan guarantee authority estimated at about $77 billion and is seeking additional authority. As of April 2010, it had issued one loan guarantee for $535 million and made nine conditional commitments. In response to Congress mandate to review DOEs execution of the LGP, GAO assessed (1) the extent to which DOE has identified what it intends to achieve through the LGP and is positioned to evaluate progress and (2) how DOE has implemented the program for applicants. GAO analyzed relevant legislation, prior GAO work, and DOE guidance and regulations. GAO also interviewed DOE officials, LGP applicants, and trade association representatives.

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  • Sprog:
  • Engelsk
  • ISBN:
  • 9781974447442
  • Indbinding:
  • Paperback
  • Sideantal:
  • 38
  • Udgivet:
  • 11. august 2017
  • Størrelse:
  • 216x280x2 mm.
  • Vægt:
  • 113 g.
  • 8-11 hverdage.
  • 18. december 2024
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Beskrivelse af Department of Energy

Since the Department of Energys (DOE) loan guarantee program (LGP) for innovative energy projects was established in Title XVII of the Energy Policy Act of 2005, its scope has expanded both in the types of projects it can support and in the amount of loan guarantee authority available. DOE currently has loan guarantee authority estimated at about $77 billion and is seeking additional authority. As of April 2010, it had issued one loan guarantee for $535 million and made nine conditional commitments. In response to Congress mandate to review DOEs execution of the LGP, GAO assessed (1) the extent to which DOE has identified what it intends to achieve through the LGP and is positioned to evaluate progress and (2) how DOE has implemented the program for applicants. GAO analyzed relevant legislation, prior GAO work, and DOE guidance and regulations. GAO also interviewed DOE officials, LGP applicants, and trade association representatives.

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