Episode 668 • • 1:17:33 - 1:19:32
668: Exploding Generator
NRG Energy, Federal Loan Grant Controversy
NRG Energy and Google, owners of the Ivanpah solar plant, have requested a $500 million federal grant to pay off a $1.6 billion federal loan. The facility has underperformed, generating only a quarter of its promised electricity and requiring 60% more natural gas than anticipated. Critics label the request as "the worst kind of cronyism" involving frequent White House visits by the CEO.