upper waypoint

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

Save ArticleSave Article
Failed to save article

Please try again

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.

Sponsored

lower waypoint
next waypoint
Map: What You Need to Earn to Afford a Median-Priced Home in Your County in CaliforniaNewsom Eyes Cuts to California’s $500M Anti-Foreclosure Fund for RentersEarly Bay Area Heat Wave Brings Hottest Temperatures of the Year So FarInside Sutro Baths, San Francisco's Once Grand Bathing PalaceYouth and Nonprofits Rally Against Cuts to SF Family Support ProgramsHalf Moon Bay Mayor Calls Newsom's Legal Threat Over Farmworker Housing UnhelpfulIt's Official: Oakland Port Once Again Votes to Change Airport Name to 'San Francisco Bay Oakland International Airport'What Makes a Burrito…a Burrito?Berkeley Passes Legal Protections for Polyamory, Joining OaklandFailures of SF Office on Sexual Assault Complaints Draw Scrutiny