A House hearing room could turn into a slugfest this week over whether one of the Department of Energy’s chief funding programs should be scrapped.

The House Science, Space and Technology subcommittees on Energy and Oversight are holding a joint hearing on “Risky Business: The DOE loan guarantee program,” where witnesses are expected to present staunchly different views on the value of financing large clean energy projects.

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“The DOE program has been a financial success. To date, the LPO has issued loan guarantees for 30 projects. The $32 billion portfolio of loans, loan guarantees and conditional commitments has been effectively managed by DOE with 98 percent of loans paying back,” wrote Dan Reicher, executive director of the Steyer-Taylor Center for Energy Policy and Finance at Stanford University, who is scheduled to testify.

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