Energy Department
Massachusetts Institute of Technology (MIT) scientist Ernest Moniz, 68, smiles during his nomination announcement by US President Barack Obama to run the Energy Department in this March 4, 2013 file photo in the East Room of the White House in Washington, DC. The US Senate in a unanimous vote on May 16, 2013 confirmed Moniz to the presidential cabinet post.
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Quotes
Today’s repayment is the latest indication that the Energy Department’s portfolio of more than 30 loans is delivering big results for the American economy while costing far less than anticipated
When you're talking about cutting-edge clean energy technologies, not every investment will succeed -- but today's repayment is the latest indication that the Energy Department's portfolio of more than 30 loans is delivering big results for the American economy while costing far less than anticipated
In general, the Energy Department should develop informed and realistic expectations about loan recipients' ability to repay their loans ... That didn't happen with Fisker, so it would be noteworthy and even surprising if another high-profile loan recipient is able to repay its loans.More quotes »
Newsday's coverage
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Energy Department to seek bids on managing BNL
D. Townsend, the organization's chairman,It is unclear if any other organizations will bid for the contract. Department of Energy policy requires that management contracts for national laboratories be awarded through public bid.Brookhaven National Laboratory Read more »
Around the web
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USEC to Shut Uranium-Enrichment Plant in Kentucky
centrifuge, in Portsmouth, Ohio, at a site formerly used for a gaseous diffusion plant. It has applied twice to the Energy Department for a $2 billion loan guarantee to build the plant, and been sent back to the drawing boards both times by the department 5/24/13 from The New York Times Read more »
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U.S. Midwest in midst of gas price shock
means consumers in the U.S. Midwest are facing higher-than-average gasoline prices, the Energy Department said. The U.S. Energy Department's Energy Information Administration said Midwest gasoline prices have been on the rise since mid April. "Higher gasoline from United Press International Read more »
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Chrysler overlooked its own history in Tesla spat
Canadian government loans more than six years ahead of schedule, Ranieri said. Now, technically Teslas loan came from the Energy Department under a program for which Chrysler applied, but eventually withdrew its application as it became financially stronger. from Detroit Free Press Read more »
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Tesla $465 million loan repaid. Will Energy Department make more loans?
successes. To date, the program's losses account for about 2 percent of the $34 billion loan portfolio, according to the Energy Department. That's less than 10 percent of the $10 billion Congress set aside to cover expected losses. The news is well-timed for from Christian Science Monitor Read more »
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Obama’s New Energy Chief: Climate Change ‘Not Debatable’
The comment was part of much wider-ranging remarks, available here, on Moniz's overall agenda. He also addressed the Energy Department's missions around power grid resilience, oversight of the nation's nuclear weapons stockpile, nonproliferation, scientific from The New Media Journal Read more »
