Program

Department of Energy Loan Guarantee Authority

Category

Energy - Alternative

Subsidy Type

Committees of Jurisdiction

Senate Energy and Natural Resources Committee

$ FY 16 Budget Score (in mil.)
$ FY 16-25 Budget Score (in mil.)

The Department of Energy’s (DOE) Loan Guarantee Program was created for the purpose of lowering the financial risk of large private sector energy projects, including those that use new technologies. Nuclear, certain coal, and carbon capture and sequestration (CCS) technologies are all eligible. The program provides loan recipients with the backing of the U.S. Treasury should they default on their privately financed loans, effectively underwriting the risk and increasing the attractiveness to investors. The program was authorized by the Energy Policy Act of 2005.

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