While U.S. Senate candidate Angus King was busy discussing the ethical benefits of selling his company, behind the scenes Independence Wind was becoming part of a congressional probe into inappropriate federal loan guarantees.Despite an increasingly tangled timeline, the former governor’s campaign maintains he had no knowledge of the probe.

Congressional investigators sent an official letter to King’s wind company, informing them of an expanded investigation into the recipients of a stimulus-funded Department of Energy loan program, from which King’s company received a $102 million loan guarantee. The letter, sent to King business partner Robert Gardiner, was dated March 14, two days before King and his campaign conducted multiple interviews discussing his decision to divest himself of holdings in the company, and six days before the King campaign claims the candidate was made aware of the investigation.

“In light of Solyndra’s bankruptcy and the Department of Energy’s (DOE) apparent rush to approve billions of dollar in loan guarantees before the expiration of the 1705 loan guarantee program, the Committee on Oversight and Government Reform (the Committee) began an investigation of the entire DOE 1705 loan guarantee program. The Committee’s investigation reveals




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Comment by Nettie Pena on March 27, 2012 at 7:07pm

How many more loans like this are out there?  It is a virus out of control.

Comment by Brad Blake on March 27, 2012 at 5:50pm

These thieves alternate between being the "best & the brightest" to being "aw, shucks innocents" depending on the circumstances.  You know damned well that someone as well connected as Angus King had plenty of advance notice of what was coming.  Mr. Big EGO just needed time to position himself as being innocent.  More of King being a hypocrite and a political chameleon.  It will catch up to him one day.  I hope that the investigation shows that the loan guarantee should never have been made and it gets yanked.

Comment by Hart Daley on March 27, 2012 at 2:17pm

Another reason to push for a moratorium in Dixfield if the Ordinance is not passed. No IWP's should be pursued based on the congressional investigation into an extremely unstable and corrupt financial funding platform that is based on federal tax subsidies and american tax dollars. These IWP's should have to PROVE stable private financial responsibility and stand on their own. The moritorium should also demand research and proof that the projects do not negatively impact human health, wildlife and environmental habitat AND remain in effect until they can show PROOF that IWP's are efficient, cost effective, and can show productive longevity to benefit the electric consumers and the environment (which we know they could never do).

Comment by freemont tibbetts on March 27, 2012 at 11:47am

   After reading,

  ( Investigators Contacted King"s Wind Company Days Before Released in The Maine Wire ), and then I went on to Maine Open Gov. org. ( know where your tax dollars are going ? )                         Knowledge is Power. All the Citizen"s in this Great State of Maine should take a read on The Maine Wire, to get the true fact"s on our Big Gov.  I Thank you Monique.         


Maine as Third World Country:

CMP Transmission Rate Skyrockets 19.6% Due to Wind Power


Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.

Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT


(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.”

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Hannah Pingree on the Maine expedited wind law

Hannah Pingree - Director of Maine's Office of Innovation and the Future

"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."

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