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Maine’s Energy King . . . Former company of liberal ‘independent’ Senate candidate Angus King received federal cash grant in June

~ The Rebel ~ 2012/09/19 19:51:04

A scandal-ridden wind energy project co-founded by liberal “independent” Maine senate candidate Angus King received more than $33 million in cash under the 1603 program of the economic stimulus in June, according to the U.S. Treasury.

This is not the only federal money the project has received. The Record Hill wind project was created in 2011 by King’s former company, Independence Wind, and funded by a controversial $102 million federal Department of Energy (DOE) loan guarantee.

That initial loan guarantee later became the subject of a congressional oversight investigation, the Washington Free Beacon reported in March. Investigators concluded that the Record Hill project passed off existing technologies as “innovative” in order to secure the federal loan.

King divested himself from Independence Wind in March, two days after the company received a letter notifying it of the congressional investigation.

Read More: http://freebeacon.com/maines-energy-king/

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2014/09/19 23:55:42

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