UPDATE:
http://www.cbsnews.com/stories/2011/09/30/ap/business/main20114073.shtml
September 30, 2011 4:13 PM
Gov’t backs 4 more solar loans as deadline looms
WASHINGTON — The Energy Department on Friday approved four more solar energy loan guarantees worth nearly $5 billion, hours before a controversial loan program was set to expire.
Energy Secretary Steven Chu said the department completed deals on four separate projects, including two that were sold late this week by Arizona-based First Solar Inc., a major solar manufacturer that had been seeking three federal loan guarantees for projects in California. The sales were announced Friday along with the loan guarantees.
snip
It’s now four loans at $5 billion. You may want to change headline.
http://www.cbsnews.com/stories/2011/09/30/ap/business/main20114073.shtml
The deals announced Friday include a $1.5 billion loan guarantee to a team of investors that bought a planned 550-megawatt solar farm on federal land in Southern California from First Solar, as well as $646 million to Illinois-based Exelon Corp. for a 230-megawatt solar plant near Los Angeles. Exelon bought the project from First Solar this week.
A third project, worth $1.2 billion, will help San Jose-based SunPower Corp. build a 250-megawatt solar plant in California, while $1.4 billion will go San Francisco-based Prologis Inc. to support installation of about 750 solar rooftop panels in 28 states.
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Starting with Exelon ...
http://www.exeloncorp.com/performance/governance/boardofdirectors/rogers.aspx
Profile
Mr. John W. Rogers, Jr., has been a director of Exelon since October 20, 2000.
Mr. Rogers is the founder, Chairman and CEO of Ariel Investments, LLC, an institutional money management firm with $4.8 billion in assets under management, and serves as trustee of the Ariel Investment Trust. Since 1993, he has served as a director of Aon Corporation (risk management services, insurance and reinsurance brokerage and human capital and management consulting services), where he has served on the finance committee and as chair of the audit committee. Since 2003, he has served as a director of McDonald’s Corporation (global foodservice retailer) where he has served on the compensation and corporate responsibility committees.
Previously, he served as a director of GATX corporation (rail, marine and industrial equipment leasing) (1998-2004), where he served on the audit committee; Bank One Corporation (bank) (1998-2004), where he served on the audit and risk management and public responsibility committees; and Bally Total Fitness (fitness and health clubs) (2003-2006), where he served as the lead independent director and as chair of the compensation committee.
Mr. Rogers’ experience on the boards of a number of major corporations based in Chicago in a variety of industries has made him a leader in the Chicago business community with perspective into Chicago business developments. His role in Chicago’s and the nation’s African-American community brings diversity to the board and emphasis to Exelon’s diversity initiatives and community outreach. His experience in investment management and financial markets and as a director of an insurance brokerage and services company are useful to Exelon, particularly with respect to risk management and the management of Exelon’s extensive nuclear decommissioning and pension and post-retirement benefit trust funds, which are overseen by the risk oversight committee on which he serves. Mr. Rogers’ service on the boards and committees of other companies has given him experience that adds further depth to the Exelon corporate governance committee. He has spoken at and participated in a number of corporate governance conferences. He was named by the Outstanding Directors Exchange as one of six 2010 Outstanding Directors.
http://www.freerepublic.com/focus/f-news/2606635/posts
Obama taps Chicago’s John W. Rogers Jr to chair President’s Advisory Council on Financial Capability
Chicago Sun-Times ^ | October 13, 2010 | Lynn Sweet
http://www.freerepublic.com/focus/f-news/2606635/posts?page=6#6
John Rogers is divorced from ousted WH social secy Desiree Rogers (one child). He is now remarried.
In 1994, Time featured John Rogers as one of its 50 leaders under 40. On February 23, 2008, Rogers, owner of Ariel Capital Management, and one of Obama’s chief fundraiser, became the first African-American winner of a Woodrow Wilson Award for his service to the Princeton alumni community, the Chicago community, the African American community and the financial community.
(Ex-WH czar, commie Van Jones, just got a one-year joint appointment as a distinguished visiting fellow at Princeton’s Center for African American Studies and Woodrow Wilson School of Public and Int Affairs, where he will teach a seminar on environmental and economic policy).
Rogers is co-chairman of Jesse Jackson’s annual Wall Street Project minority conference (AKA The Annual Shakedown), chairman of the Chicago Urban League, a member of four corporate boards and was a leading campaigner for Princeton basketball legend and United States Senator Bill Bradley’s 2000 United States presidential campaign.
Three of the boards he serves on are Fortune 500 companies: McDonald’s, Aon Corporation, and Exelon Corporation.
(Obama’s chief of staff, Rahm Emanuel, helped create Exelon. when Emanuel was at the investment bank Wasserstein Perella (now Dresdner Kleinwort). In his 2-year career there Emanuel earned $16.2 million, according to congressional disclosures. His biggest deal was the Exelon merger. David Axelrod was Exelon’s PR man.
Emanuel e-mailed Exelon’s John Rowe on the eve of the House vote on global warming legislation and asked that he reach out to some uncommitted Democrats. “We are proud to be the President’s utility,” says Elizabeth Moler, Exelon’s chief lobbyist. “It’s nice for John to be able to go to the White House and they know his name.”
Rogers is a trustee of the University of Chicago. He has served numerous civic, educational and arts organizations as a director or trustee, including the Rainbow/PUSH Coalition, the Oprah Winfrey Foundation and the Chicago Symphony.
At Princeton, he was a trustee of the University from 1990 to 1994 and more recently has served as a member of the Association of Black Princeton Alumni (ABPA) and the Princeton Varsity Club board of directors, as well as the Alumni Schools Committee. He has been an advocate for greater diversity in upper-level corporate positions.
In the early 1990s, Rogers served as a fundraising leader in Project Vote voter registration efforts led by President Barack Obama (aided by ACORN).
(There was criticism of the financial ties and close cooperation between President Obama’s campaign and ACORN and its sister organizations Citizens Services Inc. and Project Vote. The groups came under fire during the campaign after probes into possible voter fraud in a series of presidential battleground states, including Ohio, Pennsylvania, Michigan, New Mexico and Nevada. ACORN and its affiliates are currently the target of at least 14 lawsuits related to voter fraud in the 2008 election and a Racketeer Influenced and Corrupt Organizations (RICO) Act complaint filed by former ACORN members.)
Rogers He was part of the inner circle of the Barack Obama presidential campaign.He is a long-time Obama associate who serves as the co-chair of Obama’s Illinois finance committee and who has been a major Democrat fundraiser.
He served along with Bill Daley, Pat Ryan, Penny Pritzker and Julianna Smoot on Barack Obama’s 2009 presidential inauguration committee.
Rogers website makes sure we understand that Rogers’ Ariel Fund is NOT affiliated, associated nor in any way related to Ariel Fund Ltd, the hedge fund controlled by J. Ezra Merkin; Gabriel Capital LP fund; GMAC LLC; Cerberus Capital Management LP......... or any other feeder funds controlled by J. Ezra Merkin that were used by Bernard Madoff in his alleged Ponzi scheme.
The Energy Department and Chu didn’t authorise anything , they were ordered to get the money out before the deadline, by the Muslim in the White House.
pure insanity