DOE Official: Loan guarantee program has been an ‘enormous success’


A Department of Energy official called the department’s loan guarantee program an “enormous success” Thursday in testimony before the House.

REP. CLIFF STEARNS: Don’t you agree the loan guarantee program has had a tough record?

DAVID G. FRANZ: Quite to the contrary, sir. I think it’s been an enormous success.

Franz is the acting executive director of the loan program office.