DOE Loan Boosts Have Bred Mixed Results, GAO Study Finds

Law360, New York (April 18, 2012, 7:14 PM EDT) -- A series of funding increases to U.S. Department of Energy grant and loan programs, many for alternative energy initiatives, have yielded mixed results, according to a report Tuesday by the U.S. Government Accountability Office.

The GAO said a review of several high-profile DOE loan programs subsidized by the federal government, including the agency's loan guarantee program for alternative energy projects, have maintained strong efficiencies after getting increased funding.

But it noted that other initiatives, such as a loan program for manufacturers of more fuel-efficient passenger vehicles...
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