The Lisbon Reporter

WELCOME TO THE LISBON REPORTER. In an effort to keep our community informed of what is going on at local and Federal levels of government, we decided to create this on-line newspaper. It is our hope that this on-line newspaper will help you stay informed so that you can get involved and take action for the benefit of our ENTIRE community. Thank you for visiting and please check back frequently for information about what is happening in LISBON/LISBON FALLS, MAINE USA

Saturday, April 7, 2012

Connected Like The Dots On A Bingo Card; The Maine WIRE: Pingree helped King get $102 million Federal loan guarantee

The Maine Wire has obtained a letter sent from U.S Congresswoman Chellie Pingree (D- Maine) to the Department of Energy in support of Angus King’s Record Hill Wind project. Record Hill was named last week in a report from the House Committee on Oversight and Government Reform as one of a number of companies that received federal loan guarantees under questionable circumstances. King’s company received a $102 million government loan guarantee, despite having more than sufficient cash on hand for the project, as well as the backing from the $8 billion Yale Endowment.

King’s company applied for the loan guarantee under an ‘innovative technology’ grant. The report shows that King’s technology was not, in fact, innovative- it has been widely used commercially before the Record Hill project.

King's campaign claims the candidate knew nothing about the congressional investigation, despite a letter from the committee to King's business partner six days before the report went public.

Below is the letter from Pingree to Jonathan Silver, the Executive Director of the Department of Energy’s Loan Programs Office. According to the Department of Energy, Pingree was the only member of Maine's delegation to send a letter of support.

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