Treasury, Energy announce $500 m in alternative energy awards

Treasury, Energy announce $500 m in alternative energy awards

The U.S. Department of the Treasury and the U.S. Department of Energy today announced the award of $502 million in cash assistance for energy production companies. Treasury Secretary Timothy F. Geithner in a written statement expressed optimism that the awards will generate clean energy initiatives in urban and rural areas of the United States.
The award is part of a $3 billion program authorized by the American Recovery and Reinvestment Act. It provides direct cash payments to energy producers and developers as opposed to tax credits. The Obama administration expects that this round of funding will generate 2,000 jobs in the energy field.

From the Examiner SF

http://www.examiner.com/x-18558-Public-Policy-Examiner~y2009m9d1-Treasury-Energy-announce-500-m-in-alternative-energy-awards

Link to: http://www.usaalternativeenergynow.blogspot.com/