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ARRA Recovery Act Overview of Energy Projects

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This presentation is an overview of the ARRA Recovery Act related to Energy Projects

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ARRA Recovery Act Overview of Energy Projects

  1. 1. The American Recovery and Reinvestment Act of 2009 Overview Highlighting US Department of Energy Investments By Jim Janis President, The Janis Group, Inc. Presented to Waste Management 2010 March 10, 2010 Session No. 69
  2. 2. Four keys to understanding ARRA <ul><li>Get with the program – understand ARRA’s purpose and objectives </li></ul><ul><li>Follow the money – know where and how the funds are being spent </li></ul><ul><li>Understand ARRA’s audit and reporting requirements – there are lots of them </li></ul><ul><li>Stay flexible and informed – ARRA’s implementation practices change frequently, and more funds may become available </li></ul>
  3. 3. No. 1. Get with the program – understand ARRA’s purpose and objectives
  4. 4. Overview of ARRA <ul><li>Signed February 17, 2009 </li></ul><ul><li>Purpose: </li></ul><ul><ul><li>preserve and create jobs to promote economic recovery </li></ul></ul><ul><ul><li>assist those most impacted by the recession </li></ul></ul><ul><ul><li>invest in science and health-care technology </li></ul></ul><ul><ul><li>invest in infrastructure </li></ul></ul><ul><ul><li>stabilize state and local government budgets </li></ul></ul><ul><li>Total cost: $787 billion </li></ul>
  5. 5. No. 2. Follow the money – know where and how the funds are being spent
  6. 6. Did you say that there was money left in DOE’s ARRA programs?
  7. 7. DOE Recovery Act Funds
  8. 8. DOE ARRA Overview
  9. 9. DOE Recovery Act Funds <ul><li>Energy Efficiency & Renewable Energy: $16.8B </li></ul><ul><ul><li>Weatherization: $5.0B </li></ul></ul><ul><ul><li>State Energy Program: $3.1B </li></ul></ul><ul><ul><li>Advanced Batteries & Manufacturing: $2.0B </li></ul></ul><ul><ul><li>Energy Efficiency & Renewable Energy: $6.7B </li></ul></ul>
  10. 10. DOE RECOVERY ACT FUNDS (cont.) <ul><li>Environmental Management: $6.0B </li></ul><ul><li>Smart Grid & related programs: $4.5B </li></ul><ul><li>Fossil Energy R&D: $3.4B </li></ul><ul><li>Office of Science: $1.6B </li></ul><ul><li>ARPA-E: $0.4B </li></ul><ul><li>DOE Total: $32.7B (excluding loan programs) </li></ul><ul><ul><li>Innovative Technologies Loan Guarantees: $6.0B* </li></ul></ul><ul><ul><li>DOE Power Administration Borrowing Authority: $6.5B </li></ul></ul><ul><ul><li>  *$6B is allocated to underwrite up to $60B in loans </li></ul></ul>
  11. 11. DOE RECOVERY ACT FUNDS (cont.) <ul><li>There are three important web sites for tracking DOE recovery funds: </li></ul><ul><ul><li>www. energy.gov /recovery </li></ul></ul><ul><ul><li>www.recovery.gov </li></ul></ul><ul><ul><li>www.recovery.org </li></ul></ul>
  12. 15. DOE Secretary Chu slashes red tape for stimulus energy loan guarantees <ul><li>DOE has announced a series of steps that will streamline the process of using the stimulus money to get loan guarantee and grant projects started </li></ul>
  13. 16. DOE Secretary Chu slashes red tape for stimulus energy loan guarantees (cont.) <ul><li>There will no longer be any deadlines for grant applications, and evaluation will start when the application is received, an approach the DOE is calling &quot;rolling appraisals.&quot; </li></ul>
  14. 17. No. 3. Understand ARRA’s audit and reporting requirements – there are lots of them
  15. 19. No. 4. Stay flexible and informed – ARRA’s implementation practices will change frequently, and more funds may become available
  16. 20. Resources and Important ARRA Links <ul><li>Federal Government Links </li></ul><ul><li>Full text of the ARRA -- the final version of the ARRA (H.R. 1) as passed by the U.S. House and Senate, and signed by President Obama </li></ul><ul><li>Conference Report to Accompany H.R. 1 </li></ul><ul><li>www.recovery.gov – the Executive Branch site for tracking all ARRA funds </li></ul>
  17. 21. Resources and Important ARRA Links <ul><li>Environmental Protection Agency Website on Federal Stimulus </li></ul><ul><li>Health and Human Services Dept. Website on Federal Stimulus </li></ul><ul><li>Dept. of Energy Website on Federal Stimulus </li></ul>
  18. 22. Resources and Important ARRA Links <ul><li>Tax Benefits for Individuals from the American Recovery and Reinvestment Act </li></ul><ul><li>Federal Grant Information </li></ul><ul><li>Apply for Federal Grants </li></ul><ul><li>Byrne Justice Assistance Grant (JAG) Fund Information </li></ul>
  19. 23. Conclusion Keys to understanding ARRA
  20. 24. Keys to understanding ARRA <ul><li>Get with the program – understand ARRA’s purpose and objectives </li></ul><ul><li>Follow the money – know where and how the funds are being spent </li></ul><ul><li>Understand ARRA’s audit and reporting requirements – there are lots of them </li></ul><ul><li>Stay flexible and informed – ARRA’s implementation practices are changing frequently, and more funds may become available </li></ul>
  21. 25. Contact Information <ul><li>Jim Janis </li></ul><ul><li>The Janis Group, Inc. </li></ul><ul><li>and Janis-Bradburne Executive Recruiting LLC </li></ul><ul><li>Email: [email_address] </li></ul><ul><li>Web Site: http://www.JanisGroup.com </li></ul><ul><li>Office: 505-438-3080 </li></ul><ul><li>Cell: 505-690-3243 </li></ul><ul><li>PO Box 749 </li></ul><ul><li>Cerrillos, New Mexico 87010 USA </li></ul>
  22. 26. Cerrillos, New Mexico

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