"Fred Upton-Backed United Solar Ovonic Files For Bankruptcy"
"Rep. Fred Upton (R-Mich.) has been among the most vociferous opponents of the Obama administration's energy policies. On Tuesday, he stood on the other side of a failed solar proposition."
"United Solar Ovonic (USO) -- a unit of Michigan-based solar-panel producer Energy Conversion Devices (ECD) -- has announced its plans to file for bankruptcy.
The Washington Post noted back in November that the veteran congressman was a proponent of Energy Department loans for USO -- dating back to a December 2009 letter sent by Michigan lawmakers pressing for guarantees under President Barack Obama's stimulus plan.
While USO loans were never approved, Upton's vision will not last, as the Detroit Free Press reported that part of ECD's bankruptcy includes the sale of USO's assets."Source: Huffington Post, 02/16/2012