Resource Documents by Summers, Larry
Browner, Carol; Klain, Ron; and Summers, Larry
Shepherds Flat Loan Guarantee
The Shepherds Flat loan guarantee illustrates some of the economic and public policy issues raised by OMB and Treasury. Shepherds Flat is an 845-megawatt wind farm proposed for Oregon. This $1.9 billion project would consist of 338 GE wind turbines manufactured in South Carolina and Florida and, upon completion, it would represent the largest windfarm in the country. The sponsor’s equity is about 11% of the project costs, and would generate an estimated return on equity of 30%. Double dipping: . . . Complete article »
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