DOE OIG: DOE Loan Programs: Current Estimated Net Costs Include $2.2 Billion in Credit Subsidy, Plus Administrative Expenses 

The Department of Energy’s (DOE) loan programs portfolio consists of 34 loans and loan guarantees totaling about $28 billion in support of 30 projects in a diverse array of technologies. As of November 2014, DOE estimates the credit subsidy cost of the loans and loan guarantees in its portfolio—that is, the total expected net cost over the life of the loans—to be $2.21 billion, including $807 million for loans that have defaulted. Report.