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DOE Inspector General faults WAPA loan program

  • Winston & Strawn LLP
  • -
  • Canada, USA
  • -
  • November 8 2011

Inadequate project monitoring and the Western Area Power Administration's (Western) failure to require the sponsors of the Montana Alberta Tie Line (MATL) to set aside reserves against potential cost overruns has placed U.S. taxpayers at risk for $161 million and highlights the need to reform the way Western administers stimulus funding for similar projects according to a November 4, 2011 report published by the Department of Energy's Inspector General (IG