The full House passed legislation Friday that would reform the Department of Energy’s loan guarantee program in a vote of 245 to 161, but the “No More Solyndras Act” would still leave USEC eligible for a $2 billion loan guarantee. Though the bill eventually aims to phase out the program, it would still allow loan guarantees to be granted to companies that applied before the start of 2012. House Energy and Commerce Committee Republicans said this was to be fair to companies that had already invested resources in applying for loan guarantees. However, opponents including Rep. Ed Markey (D-Mass.) said that the provision would mainly help nuclear projects favored by House Republicans, including USEC’s American Centrifuge Project. Markey attempted to introduce several amendments that would disqualify USEC from a loan guarantee, but all were deemed out of order.
Partner Content