- Aug 19, 2010
- Reaction score
- On a hill
More ammo for the next Debate...perhaps tonight...
"Abound is the third company that has received a DOE loan to go bankrupt," the House Committee on Energy and Commerce told Energy Secretary Steven Chu in a letter Wednesday. "The committee seeks to better understand what DOE knew about problems with Abound's solar panels prior to finalizing its $400 million loan guarantee."
The Energy Department halted the funding just nine months after approving the loan guarantee, but not before the company had pocketed $70 million in funds.
Read more: Solyndra, the sequel? Bankrupt solar firm, DOE facing scrutiny over panel problems | Fox News