Video Archive: Today’s House Hearing on Whether Dept of Energy Broke Law on Solyndra

From the Mercury News:

The House Energy and Commerce Committee’s Subcommitee on Oversight and Investigations is focusing on whether the Department of Energy broke the law when it agreed to restructure Solyndra’s debt earlier this year…

The hearing is focusing on a decision made in February. As Solyndra ran out of cash, the company’s two largest investors — Argonaut Private Equity and Madrone Capital Partners — gave the struggling company another $75 million to keep it afloat. In exchange, the Department of Energy agreed to restructure the debt, and the $75 million was ranked ahead of the government’s claims in the event of bankruptcy. Solyndra was required to provide weekly information about its cash flow to the Department of Energy, which gained observer status on Solyndra’s board of directors.

Here’s the video archive from CSPAN.


Jon Brooks

Jon Brooks writes mostly on film for KQED Arts. He is also an online editor and writer for KQED's daily news blog, News Fix. Jon is a playwright whose work has been produced in San Francisco, New York, Italy, and around the U.S.

Sponsored by

Become a KQED sponsor