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Thursday, July 05, 2012

Lights go dim on another Obama energy project

A geothermal energy company with a $98.5 million loan guarantee from the Obama administration for an alternative energy project in Nevada — which received hearty endorsements from Energy Secretary Steven Chu and Senate Majority Leader Harry Reid — faces financial problems, and the company’s auditors have questioned whether it can stay in business.
A hundred million here, a hundred million there, pretty soon you're talking about real money.

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