Another DOE-Backed Solar Company Goes BankruptHeritage.org
Oct. 22, 2012
1.Trump is Right: GOP Debate Audience is Packed Full of Republican Donors
2.Jeb Bush Wore High Heels To Look Taller Than Trump [Pic]
3.Trump Calls Out Bush WMD Lies: 'They Knew There Were None, They Lied'
4.New York & California Move to Ban The Sale of Current iPhones Because They Protect Your Data
5.Ted Nugent Replies 'Eat Me' to Critics of 'Anti-Semitic' Gun Control Post
6.VIDEO: Workers Rage After Being Told They're Losing Their Jobs to Mexico
7.Feds Push New Plan For Home Visits to Check On Parents
8.WSJ Covers Free State Project: 'Can New Hampshire Become a Libertarian Utopia?'
A solar company that got a multi-million-dollar grant from the Department of Energy earlier this year announced Wednesday that it will file for Chapter 11 bankruptcy protection, making it the second taxpayer-backed green energy company to file for bankruptcy this week.
Satcon Technology Corp. announced the decision in a Wednesday news release. “This has been a difficult time for Satcon,” president and CEO Steve Rhoades said. “After careful consideration of available alternatives, the Company's Board of Directors determined that the Chapter 11 filings were a necessary and prudent step, allowing the Company to continue to operate while giving us the opportunity to reorganize with a stronger balance sheet and capital structure.”