The Department of Energy, in one of its final actions under President Joe Biden, earmarked billions of dollars in green energy loans to utility companies based in Energy Secretary Jennifer Granholm's home state of Michigan—defying the agency's inspector general, who called on the Biden...
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The Department of Energy, in one of its final actions under President Joe Biden, earmarked billions of dollars in green energy loans to utility companies based in Energy Secretary Jennifer Granholm's home state of Michigan—defying the agency's inspector general, who called on the Biden administration to suspend the loan program amid conflict-of-interest concerns.
Some of Granholm's largest campaign benefactors during her Michigan gubernatorial campaign were among the companies receiving the hefty last-minute loans.
The Department of Energy's Loan Programs Office announced Thursday that it awarded a staggering $22.9 billion in loan guarantees for utility companies to develop green energy projects across 12 states. More than $14 billion of that total was awarded to DTE Energy and Consumers Energy, the two companies with ties to Granholm, solely for projects in Michigan.