Department of Energy Advanced Fossil Energy Loan Guarantee Program Alert

On July 2, 2013, the U.S. Department of Energy (DOE) Loan Programs Office (LPO) issued a draft loan guarantee solicitation for innovative and advanced fossil energy projects and facilities. The DOE LPO draft solicitation is targeted to support projects that substantially reduce greenhouse gas and other air pollution from fossil energy facilities in the United States. The purpose of issuing this draft language is to receive comment from industry, potential applicants, and other stakeholders on the structure and intent of the first new loan guarantee solicitation of the Obama administration’s second term. At this time, $8 billion in loan guarantee authority is expected in the final solicitation.

Comments are due to the DOE by September 9, 2013, and the LPO will host public comment meetings on July 31, August 14, and August 21.

Please see full alert below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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