Friday, September 30, 2011

House Minority Leader Nancy Pelosi's brother-in-law's company owns part of company that received a $737 million solar plant loan


Thee is nothing to see here. Please move along.
Department of Energy officials and House Minority Leader Nancy Pelosi have slammed as absurd reports from conservative blogs that inflated the connection between Pelosi's brother-in-law and a Nevada solar power project that received a $737 million federal government loan guarantee this week.

SolarReserve, based in Santa Monica, received the loan guarantee to build a 110-megawatt solar-thermal plant in Tonopah, Nev., that will use the sun's heat to create steam to drive a turbine.

Among SolarReserve's investors is Pacific Corporate Group, a private-equity firm headquartered in La Jolla (San Diego County). Ronald Pelosi, the brother-in-law of the House Democratic leader and a former president of San Francisco's Board of Supervisors, is an executive with the firm.

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