And right now we have one conditional loan commitment to one nuclear project, and there are several others that are under consideration.

WHITEHOUSE: Press Briefing

The DOE Loan Guarantee Program Office has provided a draft term sheet for the California Valley Solar Ranch project, which is a significant milestone in the process leading to a conditional loan guarantee commitment.

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If the House proposal to slash funding were to proceed, the DOE would be forced to withdraw six conditional loan guarantees the agency has issued to renewable projects, said Ebony Meeks, spokeswoman for the agency.

WSJ: Proposal Aims to Gut DOE Loan Program

President Obama announced in his weekly radio address Recovery Act conditional loan guarantee commitments to two solar companies to fund three major new solar projects in Arizona, Colorado and Indiana that will create thousands of new jobs.

WHITEHOUSE: The White House

Further, six innovative energy projects have received conditional loan guarantee commitments from the DOE and secured developer financing, but, because the OMB will not consider loan guarantee funding to be obligated until loans have closed, these projects, too, will be cancelled.

FORBES: House GOP Budget Proposal Would Stifle Energy Innovation