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Senators press DOE on loan program after $93 billion in rapid commitments; Wright says review underway
Summary
At a Senate Appropriations subcommittee hearing, members pressed Energy Secretary Chris Wright over rapid loan and grant commitments the department made in a 76‑day period; Wright said DOE is reviewing awards and vetting projects for viability.
WASHINGTON — Senate appropriators pressed Energy Secretary Chris Wright on the Department of Energy’s handling of large loans and grants during a subcommittee hearing that repeatedly returned to a figure Wright cited: $93 billion in loans or commitments from the Loan Program Office during a 76‑day period around the 2020–2021 presidential transition.
The dispute centered on whether those rapid commitments were properly vetted and whether DOE should pause some awards while the department examines their business plans and financials. “In the 76 days from election day to inauguration day… the previous administration lent or committed $93,000,000,000,” Wright told the Subcommittee on Energy and Water…
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