"House Panel Approves 'Clean Energy' Bank"

"The House Energy and Commerce Committee approved a provision to its sweeping climate and energy bill that would create an autonomous Clean Energy Deployment Administration within the Energy Department and make reforms to DOE's loan guarantee program for low-emission projects.

The time spent debating the amendment was more than hour, suggesting the committee will face a slog through the 946-page measure. The amendment passed 51-6, with ranking member Joe Barton (R-Texas) among a handful of Republicans who opposed it.

Rep. John Dingell (D-Mich.), who offered the amendment with Democrats Jay Inslee of Washington and Bart Gordon of Tennessee, said the plan would aid deployment of new nuclear plants as well as renewable technologies. ...

The Clean Energy Deployment Administration would be empowered to provide a suite of financing options, including direct loans, letters of credit, loan guarantees, insurance products and others."

Ben Geman reports for Greenwire in the New York Times May 19, 2009.


Source: Greenwire/NYTimes, 05/20/2009