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[quote user="Murphy Siding"]    Does anybody know how the loan guarantee by Uncle Sam works?   Thanks[/quote] Well of course DM&E is securing it's arrangements from the FRA, and consequently might be unique, but <a href="http://www.lgprogram.energy.gov/Solicitationfinal.pdf">here is </a>an explanation of the department of energy's strategy on securing the fed guaranteed loans, look at pages 27 & 28 where it says "Thus, DOE would prefer to limit the financial risk to the Federal government from the first loan guarantees issued under Title XVII as DOE gains valuable experience and expertise with these financial and commercial arrangements. This intention is bolstered by the mandate of Section 1702(g)(2)(B), which requires that ôwith respect to any property acquired pursuant to a guarantee or related agreements, [the Secretary] shall be superior to the rights of any other person with respect to the property.ö This statutory provision requires DOE to possess a first lien priority in the assets of the project and other collateral security pledged. Because DOE is not permitted by Title XVII to adopt a pari passu financing structure, any holders of non-guaranteeddebt have a subordinate claim to DOE in the event of default, and will not be able to recover on their debt until DOEÆs claim is paid in full." The possibility for similarities might be great. My most humble appologies if this information is outside of the scope of your interest. <a href="http://www.lgprogram.energy.gov/Solicitationfinal.pdf"> </a>
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