The Tribal Energy Loan Guarantee Program (TELGP) is a partial loan guarantee program that can guarantee up to $2 billion in loans to support economic opportunities to tribes through energy development projects and activities. Under this solicitation, DOE can guarantee up to 90 percent of the unpaid principal and interest due on any loan made to a federally recognized Indian tribe for energy development. The tribal borrower will be required to invest equity in the project and all project debt will be provided by non-federal lenders.
See below for:
- TELGP Application Process
- TELGP Solicitation
- TELGP Application Deadlines
- TELGP Tribal Outreach Efforts
- TELGP Governing Documents
- TELGP News & Blogs
HOW TO APPLY
Similar to the Financial Institution Partnership Program (FIPP) previously used by LPO and other federal credit programs, tribes will apply to an eligible lender, which will in turn apply to DOE for the partial guarantee. The borrower will be the tribe. Interested applicants and borrowers are encouraged to:
1. Read the solicitation in its entirety.
2. Engage with DOE’s Loan Origination Division prior to applying for a loan guarantee by emailing TELGP@hq.doe.gov or by phone at 202-586-1262.
Applicants that are prepared to apply can do so through DOE’s online loan application portal.
All loans guaranteed under TELGP must be made to eligible Indian tribes or entities, including Alaska Native village or regional or village corporations, or other financial institutions or tribes meeting certain criteria established by DOE, that are able to demonstrate being eligible for the special programs and services provided by the United States to Indians because of their status as Indians, or their wholly-owned entities with appropriate legal authority. Please read the solicitation for further information about eligible borrowers.
An eligible lender would be a federally regulated commercial bank, other financial institution or a tribe satisfying requirements established by DOE, that is able to demonstrate experience and capability to evaluate, underwrite, and negotiate energy development loans, similar to the proposed loan with its tribal customers, and should only apply for a guarantee if the proposed loan satisfies its own requirements. Please read the solicitation for further information about eligible lenders.
DOE can support a broad range of energy-related projects for tribes, including fossil energy production and mining, renewable energy, transmission infrastructure, and energy storage projects. DOE is particularly focused on catalyzing the use of commercially available technologies in Indian country. Please read the solicitation for more information about eligible projects.
APPLICATION EVALUATION PROCESS
DOE will evaluate applications in a two phases. Following a favorable determination based on this two-phase review, DOE will commence more extensive due diligence and the negotiation of transaction terms. DOE would then proceed to offer a term sheet and conditional commitment for a partial loan guarantee. Upon satisfaction of conditions precedent, DOE would then provide the partial loan guarantee. Please read the solicitation for further information about the evaluation process.
TRIBAL OUTREACH EFFORTS
LPO has worked in close collaboration with the Department's Office of Indian Energy Policy and Programs in designing TELGP. This included emailing tribal leaders to solicit feedback about the proposed design of TELGP. DOE staff participated in one-on-one meetings with tribal leaders as well as at Reservation Economic Summit 2018, NAFOA's 36th Annual Conference, ICEIWG 2018 First Quarter Meeting, and the NCAI Mid Year Conference & Marketplace.
LPO will continue to solicit feedback and may make adjustments to the program as appropriate to better serve tribes' needs, consistent with DOE's authority.
FOUNDATIONAL LEGISLATION, RULES, AND DOCUMENTS
- Solicitation (July 12, 2018)
- Certifications For Use with Applications for DOE Loan Guarantees Under TELGP
- TELGP is authorized pursuant to Title XXVI of the Energy Policy Act of 1992, as amended, (25 USC Section 3502(c)) to make available up to $2 billion in partial loan guarantees.
- The Consolidated Appropriations Act of 2017 (P.L. 115-31) provided $8.5 million to remain available until expended for the cost of loan guarantees.
Interagency & Environmental Requirements
- Various federal environmental and other laws apply to DOE loans and loan guarantees. Detailed information is available on LPO's Environmental Compliance webpage.
Federal Credit Programs