Skip navigation


Current DateTime: 01:27:24 23 Feb 2012
LinksList Documentid: 24355697

Current DateTime: 01:27:24 23 Feb 2012
LinksList Documentid: 23452764
Expiration DateTime: 2/23/2012 1:30:24 AM

MOST SHARED


Current DateTime: 01:27:25 23 Feb 2012
LinksList Documentid: 31330905
Expiration DateTime: 2/23/2012 1:30:45 AM

Current DateTime: 01:27:25 23 Feb 2012
LinksList Documentid: 35819650
    • ETF Strategist | Fixed Income

        Exchange-traded funds are hot, but are they right four your portfolio? Learn the pros and cons of various asset classes and sectors.


Current DateTime: 01:27:25 23 Feb 2012
LinksList Documentid: 35819653

Energy Department Altered Loan-Related Releases

Published: Wednesday, 19 Oct 2011 | 5:38 PM ET
Text Size
By: Eamon Javers
CNBC Washington, DC Correspondent

Someone affiliated with the Department of Energy has been going back to make changes to press releases posted on the Internet weeks and months ago, CNBC has found.

Solar panels
Getty Images
A worker installs solar panels at the Lieberose Solar Park in Lieberose, Germany.

The changes occurred in two press releases from the Department of Energy's loan guarantee program — the same program that has been the center of controversy surrounding the failed solar company Solyndra.

Both were changed to remove the name of a company that has received negative press attention in recent days, SunPower, and replace it with the name of another company, NRG Energy [NRG  Loading...      ()   ].

Generally, it is not considered correct procedure to revise old press releases retroactively on the Web. More commonly, government agencies will issue a new press release with a current date explaining any changes that have occurred.

In the April case, the Department of Energy loan programs office announced in a press release on April 12 "conditional commitment" to a $1.187 billion loan guarantee to support the California Valley Solar Ranch project, which it said was "sponsored by SunPower Corporation."

But that release was later changed on one website to say the project was "sponsored by NRG Energy." The date on the release remained "April 12, 2011."

The two companies are closely linked. Just before the announcement of the loan guarantee in September, NRG completed its long-in-process acquisition from SunPower of the same California Valley Solar Ranch project that had received federal support.

But in April, that project was still owned by SunPower, not NRG.

In a second instance of retroactive press release revision, someone changed a release from September 30 that announced the finalization of the California Solar Generation project. In an early version of the September 30 press release, the government said the project was "sponsored by SunPower." That was later changed to "sponsored by NRG Energy."

In a statement, a spokesman for the Department of Energy said that the changes were made by outside contractors for the department responsible for maintaining the Loan Programs Office website.

"The only website that changed was a separately maintained loan program webpage that is managed by support services contractors," the spokesman said. "While updating the project fact sheet to reflect the changes in the ownership of the California Valley Solar Ranch project, those contractors inadvertently changed the news bulletins posted on the LPO website."

Update: On Wednesday evening, a Department of Energy spokesman said that the press releases had been returned to their original content as a result of CNBC's inquiry about the changes.

Correction: A previous headline on this article incorrectly characterized the press releases as being related to Solyndra.

RELATED LINKS

© 2012 CNBC.com


Current DateTime: 01:25:37 23 Feb 2012
LinksList Documentid: 29778428

Current DateTime: 03:38:30 22 Feb 2012
LinksList Documentid: 29779196

Current DateTime: 12:30:56 22 Feb 2012
LinksList Documentid: 29779197

Current DateTime: 10:41:43 22 Feb 2012
LinksList Documentid: 29779199
CNBCCNBC
About CNBC  |  Site Map  |  Video Reprints   |  Advertise  |  Help  |  Contact
Privacy Policy  |     |  Terms of Service  |  Independent Programming Report
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2012 CNBC LLC.  All Rights Reserved.
A Division of NBCUniversal
Thomson ReutersThomson Reuters