Chairmen Hastings and McClintock Letter to Department of Energy Secretary Steven Chu on Risky WAPA Loans by Energy Department
WASHINGTON, D.C.,
November 9, 2011
Dear Secretary Chu: We write to request an immediate and indefinite halt to any allocation of taxpayer dollars through the Western Area Power Administration (WAPA) borrowing authority enacted in the 2009 stimulus spending law, officially known as the American Recovery and Reinvestment Act. As the respective Chairmen of the appropriate authorizing Committee and Subcommittee in the U.S. House of Representatives, we firmly believe that any additional funding allocations made from this program puts American taxpayers and existing W AP A ratepayers at unacceptable financial risk. The Department of Energy (DOE) should cease and desist with any and all WAPA borrowing authority expenditures and activities. Read the entire letter HERE. |
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