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Energy Law

Aug. 12, 2010

Congress Cuts Funding for Clean Energy Loan Program

Congress approved legislation Tuesday that will prevent teacher layoffs and extend Medicaid payments to states, but the move comes at a price to the renewable energy industry.

By Fiona Smith

Daily Journal Staff Writer

Congress approved legislation Tuesday that will prevent teacher layoffs and extend Medicaid payments to states, but the move comes at a price to the renewable energy industry.

The $26 billion bill will partially be paid for by cutting $1.5 billion from the Energy Department's renewable energy loan guarantee program, a key effort by President Barack Obama to boost the clean energy e...

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