News release: “[April 17, 2009] the Senate Energy and Natural Resources Committee posted to its website a joint discussion draft and summary for the 21st Century Energy Technology Deployment Act. {CEDA] This proposal, put forward by the bipartisan Committee staff, seeks to improve the loan guarantee program at the Department of Energy and to provide additional options for deploying energy technologies. The basis of the bill is to shore up the existing program at DOE, then transition to a new financially-focused agency to perform and expand upon the duties of the program.”
CEDA Summary: “The 21st Century Energy Technology Deployment Act will implement a series of reforms to the existing Department of Energy (DOE) loan guarantee program, including creating a new Clean Energy Investment Fund to allow collected costs and payments be used to support more technology deployment. The bill would also create a new entity housed in DOE, the Clean Energy Deployment Administration (CEDA), with strong financial expertise and with a specific purpose to create an attractive investment environment for the development and deployment new clean energy technologies. Once the Secretary and the Administrator of CEDA agree it is ready, the Clean Energy Investment Fund becomes the seed fund for the new entity.”
CEDA Joint Discussion Draft
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