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Washington
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Bundler of
Sunshine
Obama Bundler’s husband has received more than a billion in DOE solar
loans
by Patrick Howley
May 22, 2012
New disclosures show that one of President Obama’s bundlers is the wife
of an executive at an energy company that received a more-than-$1.2
billion Department of Energy (DOE) loan guarantee for a solar power
plant.
Arvia Few is a bundler for the Obama re-election campaign who has
promised to raise between $50,000 and $100,000. She began bundling for
Obama in the first quarter of 2012. Her husband, Jason Few, is an
executive at a company that has benefited handsomely from the Obama
administration’s clean energy spending, records show.
The U.S. Department of Energy granted NRG Solar a $1.237-billion loan
in September 2011 to help build NRG’s California Valley Solar Ranch,
which is described as “a 250 MW alternating current PV solar generating
facility” by the U.S. Department of Energy.
Few became senior vice president of Houston-based Reliant Energy in
2008. He was named President of Reliant in May 2009 when NRG Energy
acquired Reliant for $287.5 million. He currently serves as executive
vice president and chief customer officer of NRG Energy.
“This investment and its outcome represent a pattern in which the Obama
Department of Energy took promises of technological development with an
undue amount of credence,” says energy expert Kenneth P. Green, a
resident scholar at the American Enterprise Institute.
“On any given day, there are hucksters who say they can power the
world. Unfortunately, there was also an administration that wanted to
believe their claims,” Green said. “One has to assume that the
administration was more likely to believe the people it knew.”
Other financial interests tied to the Obama administration have also
invested in NRG Solar.
Warren Buffett’s MidAmerican Energy holds a stake in another NRG
project that received a $967 million Department of Energy loan
guarantee.
DOE announced a $967 million loan guarantee to NRG in August 2011 for
its $1.8 billion Agua Caliente Solar Project. Agua Caliente will be one
of the largest photovoltaic plants in the world upon its completion in
2014.
NRG acquired the Agua Caliente Solar Project from First Solar on August
5, 2011, as DOE announced the loan.
Buffett’s MidAmerican Energy bought a 49 percent stake in NRG’s Agua
Caliente project in December 2011.
The multiple DOE loans did not stop NRG Energy from reporting a
first-quarter 2012 loss of $206 million.
Even so, NRG has recently expanded its operations.
Since acquiring Reliant in May 2009, NRG Energy has also acquired the
offshore wind development company Bluewater Wind, thermal energy
company Northwind Phoenix, Texas-based South Trent Wind Farm, Green
Mountain Energy Company, Texas-based Cottonwood Generating Station, and
Energy Plus Holdings.
In November 2011, NRG Solar further expanded by acquiring the San
Francisco-based developer Solar Power Partners.
“When you talk to a lot of people on the environmental left, there’s a
deep desire to believe that wind and solar power can help us replace
fossil fuels,” Green said. “It’s a naiveté that permeated the
administration.”
Jason Few was named to TheGrio’s 100 list honoring “history-makers in
the making” in February 2011 despite NRG’s multi-million dollar losses.
Few was “turning a profit by greening Texas,” theGrio wrote. The
article did not mention the Department of Energy loan program and its
relationship with NRG Energy.
Jason Few and NRG Energy did not return calls for comment.
Read this and other articles at the Washington Free Beacon
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