Members press DOE on Loan Programs Office uncertainty after conditional commitments unwind
Lawmakers highlighted companies that canceled projects after conditional DOE loan commitments and asked Secretary Wright whether the Loan Programs Office would remain an effective federal tool; the secretary said he supports maintaining a scaled, judicious LPO.
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Representative Kathy Castor and other members cited companies that withdrew plans after losing confidence in DOE's loan programs, naming conditional commitments that were later canceled as examples. During the hearing members said conditional commitments had supported projects that created or would have created thousands of jobs, and they warned that rapid program changes undermine private capital commitments.
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