Fact Check: Uncertainties surround audit report story
You may have read recently about U.S. Treasury Department inspector general auditors flagging excess payments to an Illinois wind farm under the federal 1603 tax credit program. To clear up the uncertainties, let’s state the facts of the case.
Fact #1: These preliminary reports have a history of being corrected and resolved once auditors get a better understanding of the expenses involved. As a recent Bloomberg story states (http://www.bloomberg.com/news/2011-10-26/clean-energy-developers-reaped-excess-aid-under-u-s-program-auditors-say.html), during an earlier round of audits:
“Inspectors reversed initial decisions questioning $1 ...