On July 9, 2014, the Department of Energy’s Loan Program Office (“DOE”) issued a supplement (“Supplement”) to its Advanced Fossil Energy Project Solicitation issued on December 12, 2013 (“Solicitation”) to announce the reduction of application and facility fees.

The Supplement may be accessed at: http://1.usa.gov/1jhfn3S. The Solicitation may be accessed at: http://1.usa.gov/1ts47WW. Our legal alert published on December 12, 2013 analyzing the Solicitation may be accessed at: http://bit.ly/1sD6hi8.

On the same date, DOE announced that a credit-based interest rate spread will be added to certain loans under Title XVII of the Energy Policy Act of 2005 (“Title XVII”). The Solicitation was authorized by Title XVII and, therefore, the credit-based interest rate spread will apply to fossil energy projects, along with all other applications made under Section 1703 of Title XVII. 

The credit-based interest rate spread announcement may be accessed here: http://1.usa.gov/1mDApJ0.

To view the full legal alert, please click here.

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