“Update on the US Department of Energy Loan Guarantee Program”

In the spring, Stroock reported on the then-current developments in the United States Department of Energy Loan Guarantee Program (the “Program”), originally authorized by Title XVII of the Energy Policy Act of 2005, and amended in part by the American Reinvestment and Recovery Act of 2009. In the intervening months, there have been significant developments with respect to the Program, which is designed to promote alternative energy technology both as a way to reduce greenhouse gas emissions and to strengthen the economy by developing a marketplace of “green” jobs. This Stroock Special Bulletin looks at some of those developments, with particular focus on the Program’s implementation.