Letter to DOE Regarding Job Creation Resulting From Section 1705 Loan Guarantee Program

April 29, 2013

Excerpt: Unfortunately, based on Committee staff’s review of the redacted annual loan reviews for each project, it appears that these job estimates have failed to materialize, in part, due to the aforementioned bankruptcies and the precarious financial positions of certain other projects. Despite these changing conditions, however, the estimated number of jobs preserved or created by the Section 1705 program, as advertised on the DOE website, has unexpectedly remained the same.

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To read a related press release, click here.

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