Feinstein: GOP Bill Would Halt Renewable Energy Projects

WASHINGTON (AP) — Democratic Sen. Dianne Feinstein says renewable energy projects across the country will be jeopardized if House Republicans are successful in scaling back a program that helps companies gain financing for transmission lines and solar, wind and geothermal plants.

The House is considering legislation to fund the federal government through Sept. 30. As part of their budget proposal, GOP lawmakers want steep cuts to a federal loan-guarantee program.

Feinstein said the GOP’s effort, if successful, would halt dozens of projects around the country, many in the West. It would prevent the Department of Energy from finalizing any more loan guarantees, which help companies finance projects at lower interest rates.

Her letter to senators of both parties was released to reporters Wednesday.

(© Copyright 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)


One Comment

  1. Dr. No says:

    It’s another government give away to companies that will never turn a profit and end up out of business once they burn up the money.

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