Yesterday TCS submitted comments to the Department of Energy (DOE) on proposed changes to the Title XVII Loan Guarantee Program. In early August, DOE announced the proposed changes and accepted public comments through September 22nd. While TCS has many general concerns with the program’s structure and existing regulations, the proposed rule would only further jeopardize billions in taxpayer funds by weakening DOE’s ability to recover assets in the event of project default. Since the program plans to support high-cost, high-risk projects like large-scale coal and nuclear facilities this could easily lead to significant losses for US taxpayers.
Read TCS’s full comments here.
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