February 23, 2009 By Elaine Rundle
To accelerate the disbursement of federal funding from the stimulus bill, the U.S. Department of Energy (DOE) will reorganize how it disburses direct loans, loan guarantees and other funding outlined in the legislation.
Energy Secretary Steven Chu announced the reorganization on Feb. 19, 2009 -- two days after President Barack Obama signed the American Recovery and Reinvestment Act.
According to the DOE's Web site: "The goal of the restructuring is to expedite disbursement of money to begin investments in a new energy economy that will put Americans back to work and create millions of new jobs."
The restructuring will include:
Matt Rogers was named the senior adviser of the reorganization and implementation of terms within the stimulus bill. According to the DOE, Rogers worked on Obama's Presidential Transition Team in an effort to develop ideas that "reduce the cost and increase the use of renewable energy in federal energy procurement."
You may use or reference this story with attribution and a link to