Chu Defends $27B Energy Budget Before House Members

Law360, New York (February 28, 2012, 7:25 PM EST) -- U.S. Department of Energy Secretary Steven Chu’s request for a $27.2 billion budget in fiscal 2013 struck some nerves with congressional members Tuesday, who sought an explanation as to how the department would avoid another Solyndra-esque debacle.

Chu told House of Representatives’ Energy and Water Development Subcommittee Chairman Rodney P. Frelinghuysen, R-N.J., that the department has set up a system that looks for “changes in anything that materially affects the company” or its environment, in response to the chairman’s request for assurance that current stimulus loan programs are...
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