E&ENews PM headlines —

SPOTLIGHT

1. SEQUESTRATION:

Unpaid clean energy grants will be cut -- Treasury

Renewable energy companies awaiting payment under the stimulus-funded clean energy grant program will receive smaller checks because of newly implemented across-the-board budget cuts, the Treasury Department said today. In a sequestration message posted to its website, Treasury says grants from the so-called 1603 program will be cut by 8.7 percent to comply with "sequestration," which went into effect Friday.

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