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  • Credit Subsidy Fee Documents Summary

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    Southern Alliance for Clean Energy
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    The document summarizes three letters from the Department of Energy to Georgia Power, Municipal Electric Authority of Georgia, and Oglethorpe Power regarding credit subsidy fees for loan guarantees. The letters state the upper and lower bounds of the fee for each applicant, though the actual fee numbers are redacted. The credit subsidy fee represents the estimated long-term cost to the government of providing the loan guarantees, and must be paid before the guarantees are received. DOE claims the applicants provided the fee calculations themselves.

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    The document summarizes three letters from the Department of Energy to Georgia Power, Municipal Electric Authority of Georgia, and Oglethorpe Power regarding credit subsidy fees for loan guarantees. The letters state the upper and lower bounds of the fee for each applicant, though the actual fee numbers are redacted. The credit subsidy fee represents the estimated long-term cost to the government of providing the loan guarantees, and must be paid before the guarantees are received. DOE claims the applicants provided the fee calculations themselves.

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    17 views1 page

    Credit Subsidy Fee Documents Summary

    Uploaded by

    Southern Alliance for Clean Energy
    The document summarizes three letters from the Department of Energy to Georgia Power, Municipal Electric Authority of Georgia, and Oglethorpe Power regarding credit subsidy fees for loan guarantees. The letters state the upper and lower bounds of the fee for each applicant, though the actual fee numbers are redacted. The credit subsidy fee represents the estimated long-term cost to the government of providing the loan guarantees, and must be paid before the guarantees are received. DOE claims the applicants provided the fee calculations themselves.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
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    Summary of Credit Subsidy Fee Documents The Credit Subsidy Fee documents are a series of three short (two-

    to three-page) letters from DOE to Georgia Power, Municipal Electric Authority of Georgia, and Oglethorpe Power. In these letters, DOE explicitly states the upper and lower bounds for the credit subsidy fee for each applicant. This fee, however, is redacted under FOIAs trade secret exemption. The credit subsidy fee, which must be paid by the applicants before receiving the loan guarantees, represents the net present value of the estimated long-term cost to the U.S. government of the loan guarantees. Remarkably, DOE claims that this fee was provided by the applicants themselves.

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