DOE's Chu Says Review Supports Clean Energy Loans

Law360, New York (March 13, 2012, 3:32 PM EDT) -- U.S. Department of Energy Secretary Steven Chu went before Congress again Tuesday to defend the agency’s clean technology loan programs, telling lawmakers his agency’s decisions on loan guarantees were largely vindicated by a recent independent review.

In his fourth appearance before Congress in the past three weeks, Chu told the Senate Energy and Natural Resources Committee that the White House-commissioned review, completed last month by former U.S. Treasury Secretary Herb Allison, showed the DOE had properly vetted and monitored the loans it issued.

Congressional Republicans have...
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