1. Slide 1 American Recovery & Reinvestment Act (Recovery Act) Dan Beckley Office of Energy Efficiency & Renewable Energy U.S. Department of Energy Tennessee Green Building Summit September 22, 2009

2. National Challenges Economic Recession Job Losses National Security Climate Change 6/30/20162Slide 2

3. The American Recovery and Reinvestment Act Goals of the Recovery Act: Stimulate economic recovery and create/save more than 3.5 million jobs in three years Puts U.S on path to greater prosperity and resilience in 21 st Century Assist those most impacted by recession Provide investments to increase economic efficiency via technological advances in science and health Invest in transportation, environmental protection, and infrastructure to provide long-term economic benefits 6/30/20163Slide 3 Signed into law by President Obama on Feb. 17, 2009

4. A Strategic Investment in the Future Congress approved $787B total funding Funding applies FY2009-FY2012 Spending allocations shift from health field to other long-term economic growth opportunities in transportation, energy, and community development by 2012 Slide 4

5. Recovery Act Targets Long-Term Energy Challenges Makes major investment in nation’s energy security Will transform the way nation uses energy by: Reducing dependence on fossil fuels increasing energy efficiency decreasing carbon emissions Creates millions of jobs while creating innovative energy technologies and new infrastructures 6/30/20165Slide 5

6. Obama Administration’s Energy Targets Ensure 10% of electricity from renewable sources by 2012 and 25% by 2025 Achieve 80% reduction in greenhouse gases by 2050 Promote energy efficiency in transportation, electricity, industrial, and building sectors 6/30/20166Slide 6

7. Secretary Chu’s Objectives for Recovery Act Funds Getting good projects underway quickly Ensuring projects have lasting value Delivering an unprecedented degree of transparency Making a significant down payment on the nation’s energy and environmental future 6/30/20167Slide 7

8. DOE Recovery Act Funding Department of Energy Program Office Recovery Act ($ Millions) Office of Energy Efficiency & Renewable Energy (EERE)$16,800 Office of Science (SC)$2,000 Office of Electricity Delivery and Energy Reliability (OE)$4,500 Office of Fossil Energy (FE)$3,400 Office of Environmental Management (EM)$6,000 DOE TOTAL (Excluding Loans)$32,700 Office of the Chief Financial Officer - Technology Loan Guarantee$6,000 Power Marketing Administrations - Borrowing Authority$6,500 DOE TOTAL (Including Loans)$45,200

9. EERE Funding Amounts are in billion US Dollars

10. Source: Buildings Energy Data Book, September 2007 Why DOE Should Invest in Buildings Buildings account for approx. 40% of U.S. energy consumption, of which 72% is electricity use Costs Americans $370B each year on utility bills Emits more CO 2 than any other sector, inc. transportation sector Slide10

11. Bringing Private Capital to State & Local Governments  ESCOs ESCOs need to invest $35- 70B to capture remaining energy efficiency savings potential Slide 11

12. Total: $3.06 Billion Slide 12 States’ Use of Recovery Act Funds

13. Accountability & Transparency: Tracking DOE’s Progress on Recovery Act Funding 6/30/201613 Transparency and accountability is taken seriously DOE closely monitors Recovery Act- funded projects and reports on progress including: Weekly report on spending and major actions: www.energy.gov/recoverywww.energy.gov/recovery Hotline to answer questions related to Recovery Act: 1-888-DOE-RCVY Internal monitoring systems and reporting requirements Slide 13

14. General DOE Recovery Act Funding: www.energy.gov/recovery EERE Recovery Act Activities: http://www.eere.energy.gov/recovery/ http://www.eere.energy.gov/recovery/ Weatherization and Intergovernmental Program: http://www.eere.energy.gov/wip/ http://www.eere.energy.gov/wip/ DOE Recovery Act Hotline: 1-888-DOE-RCVY (1-888-363-7289) DOE Recovery Act Resources Slide 14