NRG ENERGY, INC.: NRG's Large-Scale Solar Projects: Getting the Facts Stra..

FACT SHEET NRG'S LARGE?SCALE SOLAR PROJECTS: GETTING THE FACTS STRAIGHT

For those of you who have read the New York Times' November 11 (online) article, "A Gold Rush of Subsidies in Clean Energy Search," below are some of the facts that the article got wrong or didn't include at all. The California Valley Solar Ranch (CVSR) is an ambitious, important project with a national purpose and NRG is proud of our efforts to help put people back to work building a more sustainable energy future.

quarter earnings call presentation.) The $300MM referenced in the article is actually EBITDA: Earnings Before Interest, Taxes, Depreciation and Amortization, not profits. The interest that we pay on the projects generates revenue for the American Government.

1

Fact: The economic analysis reflects a failure to understand the facts behind the deal.

? The analysis should include not only the tax benefits of the project, but also the income taxes that will be paid by the project over time. The analysis provided only includes the tax benefits with none of the costs. It is the equivalent of saying someone's take?home pay is equal to their annual salary plus the standard IRS tax deduction, while ignoring the income tax paid by that person against which their tax deduction is credited! All of us know it doesn't work that way for individual taxpayers. And it doesn't work that way for solar projects in the California desert.

? The CVSR project creates 350 high?paying construction jobs and combined, NRG's large?scale solar projects will result in 3,840 direct and indirect construction jobs. Ivanpah, the largest solar thermal project in the world, enabled by the DOE loan guarantee program is an engineering and technological marvel and it is being built by more than 600 American pipefitters, laborers and construction workers-many of whom haven't worked for up to two years prior to this job. They are proud of what they are building, confident in the future that they are creating and thankful to be gainfully employed.

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Obama Campaign Backers and Bundlers Rewarded With Green Grants and Loans
Obama Campaign Backers and Bundlers Rewarded With Green Grants and Loans

According to the Department of Energy's own numbers a lot. In the 1705 government-backed-loan program, for example, $16.4 billion of the $20.5 billion in loans granted as of Sept. 15 went to companies either run by or primarily owned by Obama



NRG ENERGY, INC.: NRG's Large-Scale Solar Projects: Getting the Facts Stra..

The Facts: The Government protected itself against this concern by ensuring that most of the money from the treasury grant received by the project has to be used to pay down the DOE loan. On the CVSR project, almost 90% of the proceeds from the cash



Interleukin: Q3 Solid, No Surprises, Development On Schedule

As we have noted in the past, management has done an impressive job over the last several quarters with minimizing cash burn, trimming costs and increasing efficiencies. The current quarter was no exception and despite the marginal miss on the top line



Central Pacific Financial Corp. Reports Operating Results (10-Q)
Central Pacific Financial Corp. Reports Operating Results (10-Q)

Having already issued IOUs once before to preserve cash, California s government faces a $25.4 billion shortfall and is looking at further cuts in wages, furloughs and government programs. Although we are not making new loans in California,



Billionaire Mallya's Kingfisher Seeks Higher Loan Limit on Costs
Billionaire Mallya's Kingfisher Seeks Higher Loan Limit on Costs

The number of domestic passengers in India rose 18.6 percent this year through August to 39.6 million, according to the Directorate General of Civil Aviation. Mallya, 55, doubled personal guarantees against the carrier's debt to 61.7 billion rupees in




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There are a number of different ways to get these cash advances. Until relatively recently people would go to a local loan shop and write out their application. Sometimes it took awhile to get to the shop and often there were lines to wait on.

These loan shops also usually required that some paper work, like your utility bill, drivers license and pay stub, be included with your application.

A lot of things have changed with the Internet. Now, the fastest way to apply for a loan is by going online. Just click on one of the links at the end of this article and you can get access to some online payday loan companies.

When you apply for an online payday loan it’s not necessary to fax anything over. You don’t need copies of your drivers license, pay stub or electric bill.

If you’d like you can pick up your phone and call someone at the lending institution and ask them to complete the form for you But since the website is a secure environment it could be faster and easier if you just fill in the details yourself.

What Do You Need for a Payday Loan ?

There are only a handful of requirements in order to get a payday loan . You need:

- To be at least 18 years old

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The interest rates and fees for payday loans are quite a bit higher than for more traditional loans . Because of that most people only get these cash advances when a real emergency comes up.

Once you’re approved – and it takes only a few minutes – the money will be electronically wired into your bank account.


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