1. INTRODUCTION TO
TRIBAL ENERGY LOAN GUARANTEE PROGRAM

2. Financing energy infrastructure
NOW AVAILABLE: MORE THAN $40 BILLION LOAN & LOAN GUARANTEE AUTHORITY
All-of-the-Above Energy Projects Benefiting Tribal Economies
Up to $2 Billion in Partial Loan Guarantees
TRIBAL ENERGY LOAN GUARANTEE PROGRAM
Advanced Nuclear Energy
$12.5 Billion ($2 Billion specifically for Front End) ($3.7 Billion conditionally committed to Vogtle)
Advanced Fossil Energy
$8.5 Billion
($2 Billion conditionally committed to Lake Charles Methanol)
Renewable Energy & Efficient Energy
Up to $4.5 Billion
TITLE 17 INNOVATIVE ENERGY LOAN GUARANTEE PROGRAM
ADVANCED TECHNOLOGY VEHICLES MANUFACTURING LOAN PROGRAM
Domestic Manufacturing of Light-Duty Vehicles & Eligible Components
$16 Billion

3. Lpo’S Value as a strategic partner
DOE Has Experience with Innovation & New Markets: Innovative technologies and new markets may not be well understood by the private sector.
LPO employs an experienced Technical team that also has access to DOE’s technology offices and national labs to dive in and better understand the technology.
LPO’s Loan Origination team has experience with a variety of deal structures and with first-of-a-kind projects.
The private sector has used what LPO learns to finance additional deals.
Engaged Throughout the Life of the Loan: After closing, LPO’s Technical and Portfolio Management teams actively monitor the project and remain engaged with the owner throughout the life of the loan.
Favorable Loan Terms: LPO has experience with interest rates that are competitive with the private sector, but also with loans of larger size and longer tenor than is typically available.

4. OVER $30 BILLION INVESTED
Strong portfolio Catalyzing new Markets
OVER $30 BILLION INVESTED

5. Tribal energy loan guarantee program
History:
Established by Energy Policy Act of 2005
First funded in Fiscal Year 2017
$8.5 Million for credit subsidy costs
Program delegated to LPO, and outreach commenced, in February 2018
LPO launched TELGP Solicitation on July 17, 2018

6. Tribal energy loan guarantee program
Statutory Authority (25 USC Section § 3502(c))
“Secretary of Energy may provide loan guarantees for an amount equal to not more than 90 percent of the unpaid principal and interest due on any loan made to an Indian tribe for energy development.”
“The aggregate outstanding amount guaranteed by the Secretary of Energy at any time under this subsection shall not exceed $2,000,000,000.”
DOE can structure the program as needed: “The Secretary of Energy may issue such regulations as the Secretary of Energy determines are necessary to carry out this subsection.”

7. TRIBAL ENERGY LOAN GUARANTEE PROGRAM
DOE sought to learn more about tribes’ needs by:
Sending outreach s to more than 500 federal recognized tribes
Participating at:
Reservation Economic Summit in Las Vegas
NAFOA 36th Annual Conference in New Orleans
ICEIWG 2018 Second Quarter Meeting in Albuquerque
NCAI Mid Year Conference & Marketplace in Kansas City
Holding one-on-one meetings
Soliciting written comments
DOE is continuing to solicit feedback and may make adjustments to the program as appropriate to better serve tribes’ needs, consistent with DOE’s authority.

8. TRIBAL ENERGY LOAN GUARANTEE PROGRAM
Goals:
Increase availability of commercial debt financing rather than replace existing debt markets
Provide economic opportunities to tribes through energy development projects and activities

9. Fossil energy, which could include drilling, mining, refining
TRIBAL ENERGY LOAN GUARANTEE PROGRAM
The Department’s loan programs support the Administration’s all-of-the-above energy strategy
Fossil energy, which could include drilling, mining, refining
Renewable energy, which could include solar, wind, geothermal, hydropower
Transmission infrastructure and energy storage
Transportation

10. TRIBAL ENERGY LOAN GUARANTEE PROGRAM
Key Eligibility Requirement
Tribe or 100 percent tribally owned entity is the borrower.
No Restriction On Type Of Project/Technology
Provide or expand electricity or other energy services such as generation, transmission, energy storage projects, or enhance energy resource extraction or processing (e.g. mining, oil & gas, biofuels, chemicals).
No Requirement For Innovation
Projects employing commercial technology preferred and may use renewable or fossil energy sources.
No Specific Location Requirement
On tribal land, traversing or connecting tribal land and nontribal land, or outside of tribal land, but otherwise benefiting the tribe. Can involve a single site or distributed portfolio.
Limited To Partial Loan Guarantees Only, Requiring Non-federal Lenders

11. TRIBAL ENERGY LOAN GUARANTEE PROGRAM
Application structure
SIMILAR TO FINANCIAL INSTITUTION PARTNERSHIP PROGRAM (FIPP) SYNDICATED LOAN STRUCTURE
Commercial lenders; DOE can guarantee up to 90% of debt.
Borrower first approaches commercial lender.
DOE encourages a pre-application consultation.
Lenders would apply for DOE loan guarantee for specific borrower/project.
DOE, lender, and borrower engage in diligence process and negotiations.

12. TRIBAL ENERGY LOAN GUARANTEE PROGRAM
FINANCIAL TERMS
REASONABLE PROSPECT OF REPAYMENT
Eligible projects must be able to repay loan principal and interest.
DOE will require credit ratings.
EQUITY
DOE expects that borrowers will make a significant equity contribution, in the form of cash, in the proposed project.
FEES & COSTS
DOE expects that DOE’s external advisor costs incurred will be borne by the borrower.
Application and other fees to defer some of the internal costs that may be incurred by DOE.

13. What this program does not do
TRIBAL ENERGY LOAN GUARANTEE PROGRAM
What this program does not do
Not a grant program; loan must be repaid with interest
Not a direct federal loan program; debt provided by commercial lenders
Cannot provide 100% debt financing; projects need equity from the Tribe
Cannot lend to joint ventures between tribes and non-tribal entities

14. TRIBAL ENERGY LOAN GUARANTEE PROGRAM
Request a pre-application consultation at or
Visit to read the solicitation in its entirety and for further information about eligible borrowers, eligible lenders, eligible projects, and the application process.