Surprise: Energy Dep't issues $5 billion in new green loans on program's last day

The embattled department announced approvals for a total of more than $4.7 billion in guarantees Friday — acting hours before the program’s congressional authorization was set to expire, and seeming not at all like an agency cowed by the furor over its troubled $535 million loan guarantee to Solyndra.

The frenzy set off even more financial dealing, as three of the DOE-backed projects were immediately snapped up in announced acquisitions by NextEra Energy, NRG Energy and Exelon Corp.

As of 6 p.m., DOE had yet to announce whether it was approving or rejecting two more conditional loan guarantees on which it must act before midnight.