Department of Agriculture, Rural Utilities Service: Energy Efficiency and Conservation Loan Program
GAO-14-247R: Dec 20, 2013
- Full Report:
GAO reviewed the Department of Agriculture, Rural Utilities Service's (RUS) new rule on Energy Efficiency and Conservation Loan program. GAO found that (1) the final rule contains policies and procedures for loan and guarantee financial assistance in support of energy efficiency programs (EE Programs) sponsored and implemented by electric utilities for the benefit of rural persons in their service territory. This final rule amends RUS regulations on General and Pre-Loan Policies and Procedures Common to Electric Loans and Guarantees, which were codified on December 20, 1993. The final rule also includes conforming amendments to additional RUS regulations. Under section 2 of the Rural Electrification Act of 1937 (RE Act), RUS is authorized to assist electric borrowers in implementing demand side management, energy efficiency and conservation programs, and on-grid and off-grid renewable energy systems and (2) the RUS complied with applicable requirements in promulgating the rule.