Gordon Writes to Energy Secretary Regarding Loan Program
April 26, 2007
The Honorable Samuel Bodman
U.S. Department of Energy
1000 Independence Ave., SW
Washington, DC 20585
Dear Secretary Bodman,
As Chairman of the Science and Technology Committee with jurisdiction over energy research, development and demonstration and commercial application of energy technologies, I am writing to urge the Department to promulgate regulations to implement the Loan Guarantee Program (LPG) authorized in Title XVII of the Energy Policy Act of 2005 (EPACT ’05) that set out clearly-defined objectives and outcomes for the program including a strategy to successfully manage the financial risk to the government.
As you know, the Fiscal Year 2007 Continuing Resolution (CR) was signed into law February 15, 2007, and directs the Department to promulgate final regulations for the LPG within six months of its enactment. Because I believe this program will help to advance investment in new, innovative technology projects, it is my expectation that the Department will meet the timeline established in the CR for the promulgation of the LGP regulations. In addition, I expect that the Department will solicit public comments on the draft regulations so that the established program is effective and responsible. As you know, there is incredible interest in this loan guarantee program and I intend to monitor carefully the Department’s progress to implement the LGP.
As you move forward with the LGP regulations, I respectfully request answers to the questions outlined below...