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Re: Another hundred million in the toilet... 

By: DueDillinger in CONSTITUTION | Recommend this post (1)
Tue, 04 Oct 11 4:19 AM | 75 view(s)
Boardmark this board | Constitutional Corner 		Msg. 15504 of 21975
(This msg. is a reply to 15501 by monkeytrots)
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Maybe we should try to get ahead of this, mon. Here is a list of the DOE's loan guarantees:

The Loan Programs Office is one of the largest and most active project finance operations in the world and, since 2009, has supported a robust, diverse portfolio of more nearly 40 projects. Projects include the world’s largest wind farm, several of the world’s largest solar generation facilities, one of the country’s first commercial-scale cellulosic ethanol plants, and the first new nuclear power plant in the U.S. in the last three decades. Collectively, these projects plan to employ more than 60,000 Americans, create additional tens of thousands of indirect jobs, provide enough clean electricity to power three million homes, and save more than 300 million gallons of gasoline a year. Many of these projects are first-of-a-kind that, when completed, can be replicated entirely but the private sector across the U.S., creating even more jobs and increasing our nation’s ability to compete successfully in this critical field on a global basis.

https://lpo.energy.gov/?page_id=45

Solyndra and NGP are two losers on this list. I think it's time for some real due diligence on the others.

We already know that SolarReserve is connected with Nancy Pelosi and one of the Solyndra partners. http://www.weeklystandard.com/blogs/crony-capitalism-737-million-green-jobs-loan-given-nancy-pelosis-brother-law_594593.html

We know that Abengoa is a Spanish company.
http://www.abengoa.com/corp/web/es/index3.html

...and so it goes.

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The above is a reply to the following message:
Re: Another hundred million in the toilet...
By: monkeytrots in CONSTITUTION
Tue, 04 Oct 11 12:36 AM 		Msg. 15501 of 21975

Hmmm...the dreaded 'going concern' warning. Let's play Name-the-Crony! It's Nevada, so Harry Reid immediately comes to mind.


Their web-site is NOT updated.

They had damn well better get that done - NOW - or face criminal prosecution.

(tongue-firmly-in-cheek - as in fat f'ing chance - given their political connections.)


Hmmm - Four to Five properties - Only one operational ... and that one is heavily in debt. The 'hundred million' is just a tad more than '100 million' ....

From their 'Blue Mountain' page:

In 2009, NGP was awarded a US $57.9 M ITC grant from the U.S. Department of Treasury for the Faulkner 1 geothermal power plant as well as an additional US$7.9 M for well field expenditures completed post application in July 2011. In addition, NGP closed a US$98.5 M loan at 4.14% in September 2010, with John Hancock Financial Services back by the US Department of Energy with a loan guarantee for 80% of the loan amount.

Let's see 57.9 + 7.9 + 98.5*.8 === what was that ... this is something DIFFERENT .... hmmmmm mebee sew ...

Political Don-ees anybody ? Do we really even NEED to look ?

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