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Calif. Republica Rep. Darrell Issa has some questions for Energy secretary Steven Chu.
California's own Darrell Issa has started asking some tough questions in the aftermath of the Solyndra bankruptcy and the ensuing fracas with the Department of Energy's loan-guarantee program. This is from Jake Tapper at ABCNews:
Issa…chair of the House Committee on Oversight and Government on October 7 wrote to Energy Secretary Dr. Steven Chu to see just what other problematic loans might exist.
Specifically, Issa is seeking “additional information regarding the loans approved on the final day of the program,” ones made to First Solar Inc, SunPower Corp., and ProLogis Inc.
“Did DOE have an independent audit of First Solar, SunPower, or ProLogis conducted prior to finalizing loan guarantees for these companies on September 30, 2011?” Issa asked in the letter.”Does DOE have any ongoing concerns about the financial viability of First Solar, SunPower, or ProLogis? In their respective loan applications, did First Solar, SunPower, or ProLogis disclose their cash reserves?”