2.08 President Bush Requests $25 Billion for U.S. Department of Energy's FY 2009 Budget. Aim is to Expand and Diversifying Clean, Affordable, Reliable Energy Supply, Fund Loan Guarantee program

President Bush's $25 billion Fiscal Year (FY) 2009 budget request for the Department of Energy (DOE), is an increase of $1.073 billion over the FY 2008 appropriation. This request will continue investments to meet growing energy demand with clean, safe, affordable, reliable and diverse supplies of energy; support the development of climate change technologies and advance environmental cleanup.

Another key priority in the Department's budget includes support of its Loan Guarantee program, which requests $19.9 million for administrative expenses, and would be offset by collections in the same amount as authorized under the Energy Policy Act of 2005 (EPAct). In addition, DOE requests an extension of its authorization to issue loan guarantees through FY 2010 and FY 2011, enabling commitments to guarantee loans under Title XVII of EPAct to total more than $38 billion from FY 2008 through FY 2011.