Feinstein Says GOP Bill Would Halt Energy Projects

Source:

"House Republicans aim to scale back a program that helps finance renewable energy projects."

Democratic Sen. Dianne Feinstein says renewable energy projects across the country will be jeopardized if House Republicans are successful in scaling back a program that helps companies gain financing for solar, wind and geothermal plants, and transmission lines.

The House is considering legislation to fund the federal government through Sept. 30. As part of their budget proposal, GOP lawmakers want steep cuts to a federal loan-guarantee program.

Feinstein says the GOP's effort, if successful, would halt dozens of projects around the country, many in the West. It would prevent the Department of Energy from finalizing any more loan guarantees, which help companies finance projects at lower interest rates.

Her letter to senators of both parties was released to reporters Wednesday.

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