Solyndra probe to hear from Energy's Chu on November 17

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Solyndra probe to hear from Energy's Chu on November 17

Post  youshiyinianla on Sat Oct 29, 2011 11:07 am

Chu has been a passionate advocate of government help for renewable energy companies trying to commercialize new technologies. Solyndra was the much-touted first recipient of a "green energy" loan when President Barack Obama's administration took office.

Republicans on the House of Representatives Energy and cheap jerseys free shipping Commerce Committee have turned the company's failure into a high-profile political embarrassment for the administration, highlighting connections between Obama fundraisers and Solyndra.

Administration officials have said decisions on the cheap football jerseys project were made on merit, and have denied accusations that donors had any influence on its loan.

The committee has gathered more than 70,000 pages cheap baseball jerseys of emails and other documents from the Energy Department, White House, and other agencies on the loan, and held a series of hearings.

Chu would be the highest-level official to NHL Jerseys Cheap appear before the panel, which is the day after a court-slated deadline for bids for the failed company.

Solyndra has told Delaware's bankruptcy snsbars court it has received interest from 25 potential buyers for all or parts of its operations.

The Republican leading the investigation said the committee wants to know why the Energy Department ignored warnings about Solyndra before granting the loan, and then agreed to a restructuring plan that ranked taxpayers' investment behind som cheap nfl jerseyse private investors in the event of bankruptcy.

"We are also interested in why Secretary Chu and the Energy Department, at a time when Solyndra was fresh out of cash, still went ahead and restructured Solyndra's loan in violation of the plain letter of the law," Cliff Stearns, head of the energy committee's oversight panel, said in a statement.


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