Tuesday, October 04, 2011

No longer any need to worry about blowing vast amounts of taxpayer money on solar gambles!!: The government is paying itself a fee to compensate for the risk

Some Loans Go Bad; Others Just Fade Away - NYTimes.com
For both programs, the Office of Management and Budget calculates a fee that the government must be paid to compensate it for taking the risk on a loan. For nuclear plants, the borrower must pay that fee. But for wind and solar plants, Congress appropriated money for that purpose, so the government essentially pays itself.

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