See another beneficary of 'stimulus' tax dollars

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See another beneficary of 'stimulus' tax dollars
Hundreds of millions in federal funds went to his energy company
Posted: December 16, 2011
12:40 am Eastern

By Aaron Klein
© 2011 WND



Peter L. Corsell
The founder of an energy company that benefited from deals involving hundreds of millions in "stimulus" money made the maximum donation allowable to President Obama's inauguration, WND has learned.

Peter L. Corsell, founder of GridPoint Inc., contributed $50,000 to the inauguration.

Corsell served as GridPoint's chief executive officer from the company's inception until transitioning to the position of non-executive chairman in October 2010.

Yesterday, WND broke the story that an Obama adviser who played a key role in developing the energy provisions of the so-called stimulus bill serves on the boards of GridPoint as well as several other companies that recently received government funds, including stimulus money.

Everything you wanted to know about Obama's advisers, in "Red Army: The Radical Network that must be defeated to save America."

TJ Glauthier served on Obama's 2008 White House Transition Team. He is widely credited with helping to craft the energy provisions of the American Recovery and Reinvestment Act of 2009, also known as the "stimulus."

In addition to serving on the boards of major energy companies, Glauthier previously held two presidential appointments during the Clinton administration.

He was the Energy Department's deputy secretary and chief operating officer, the second-highest ranking official.

(Story continues below)






Earlier, he served in the White House for five years as the associate director for natural resources, energy and science in the Office of Management and Budget.

Glauthier is tied to several energy companies that benefited from the stimulus bill he helped to craft.

One such company investigated by WND is GridPoint Inc., where he was appointed to the board in March 2008. GridPoint provides utilities with software solutions for electrical grid management and electric power demand and supply balancing.

The stimulus provides $4.5 billion for so-called smart grid projects. GridPoint has benefited from scores of smart grid deals funded by the stimulus bill.

The company partnered with the Electric Transportation Engineering Corporation (eTec), Nissan, the Idaho National Laboratory and others in a project to deploy electric vehicles (EVs) and their charging infrastructure in five states. The Energy Department had awarded eTec almost $100 million in stimulus funds to support the project.

GridPoint's role in the eTec project was to supply smart charging and data logging capability to utilities located in strategic markets of eTec's program in Arizona, California, Oregon, Tennessee and Washington.

GridPoint also benefited from stimulus funds when it recently provided home energy management, load management and electric vehicle management software solutions for a KCP&L's Green Impact Zone SmartGrid Demonstration in Kansas City, Mo. The project was the recipient of stimulus funding.

Additionally, GridPoint helped the Sacramento Municipal Utility District, or SMUD, manage power from its customers' rooftop solar panels.

The Arlington, Va.-based company had landed a contract to help the Sacramento, Calif.-based municipal utility manage renewable power integration, energy storage and home energy management systems. SMUD had won $127.5 million in stimulus funds from the Department of Energy to carry out the project, which also includes deploying 600,000 smart meters in its service territory.

Also, in early 2009, the Energy Department awarded Argonne National Laboratory nearly $2.7 million in stimulus funding for three solar-energy related research projects. In addition, Argonne reportedly shared another $5 million in stimulus funding for projects with GridPoint and other companies and the University of Illinois Sustainable Technology Center.

Besides benefiting from stimulus grants, GridPoint last year won a $28 million contract with the United States Postal Service to install energy management systems in selected post office locations across the U.S.

Glauthier, meanwhile, also had come under fire after Fox News reported the U.S. Navy has purchased 450,000 gallons of biofuel for about $16 a gallon, or about four times the price of its standard marine fuel, JP-5, which has been going for under $4 a gallon.

And HotAir.com reported last week that Glauthier is a "strategic adviser" to Solazyme, the California company that is selling a portion of the biofuel to the Navy.

HotAir noted Solazyme received a $21.8 million grant from the 2009 stimulus package.

Also, writing at BigGovernment.com two weeks ago, Whitney Pitcher found that prior to serving as adviser to Solazyme and after his time as part of Obama's transition team, Glauthier served on the advisory board of SunRun, a solar financing company.

In October of 2010, just a few short months after Glauthier joined SunRun's advisory board, SunRun secured a $6.73 million grant from a Treasury Department stimulus program. The company was the ninth largest recipient of such programs through December 2010.

With research by Brenda J. Elliott

60 comments


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Andy Cooper · Top Commenter · World Harvest Bible College
Okay, let's go over this again, a democrat always means the opposite of whatever they say. No lobbyists he claimed. All lobbyists. He said, "I hear your voices." Nope. He actually said that his health care plan would lower insurance premiums 3000%. That isn't even mathematically possible. You can only save 100% of anything. Any claim by this White House that the stimulus saved or created jobs is hogwash. I do believed, however, the stimulus worked to save or create friends for Obama.
Reply · 47 · Like · Follow Post · 7 hours ago

Gene Childers · Cerritos College
Please proof read and use spell check before posting.
Reply · Like · 2 hours ago

Andy Cooper · Top Commenter · World Harvest Bible College
Gene Childers, deal with it Einstein.
Reply · 9 · Like · 2 hours ago

PastorMike Croft · Top Commenter · Pastor at Pastor of Good Shepherd Baptist Church
Gene Childers when you have no answer just complain about the messenger. The OMB said the stimulus was an overall drag on the economy! The health care bill that had to be passed before you could know what was in the bill!!!???? Bug eyes Pelosi said it would immediately cause 400,000 jobs in health care! What liars. Reid the senile fool, Pelosi the food stamp lady and Obama who should have been a janitor should all be shipped off the Alcatraz.
Reply · 9 · Like · about an hour ago

John Gerstenschlager · Top Commenter · Disabled Vet at All over the world for the US Army.
You have to wonder just how much of that money has made it back to odumbo in the form of campaign donations? MOLAN LABE!
Reply · 29 · Like · Follow Post · 7 hours ago

Lynell Milner · Top Commenter · Youngstown, Ohio
Molon Labe? That is a good one! For those who do not recognize it, it is what King Leonidas of the Spartans said to Xerxes when Xerxes wanted the Spartans to surrender their arms. Most think the Greek translates to come and take them, but it is actually come and receive them -- or as "you can have my gun...bullets first." But, I guess Obama was saying "come and take it" to his cronies.
Reply · 18 · Like · 6 hours ago

Jerry McGlothlin
Multi-billion dollar 'legal' kickbacks? Our founding fathers would be incensed. When will U. S. citizens wake up and realize the horrendous damage Obama has done to our country? How on earth have there not been impeachment hearings already? Bill Clinton was a lightweight compared to Obama's damage. What am I missing here?
Reply · 26 · Like · Follow Post · 6 hours ago

Paul Wade · Top Commenter
Jerry,

There will not be an impeachment because congress is in the picture with him (Barry Soetoro i.e., Barack Obama). They don't want to get their dirty hands clean.
Reply · 11 · Like · 5 hours ago

David A Blodgett · Top Commenter
Your missing the fact that The Act Of 1871 changed the constitutional form of government into a corporation nothing more then a ponzi scheme to rape We The People of our money and keep us as slaves to support thier life styles.
Reply · 8 · Like · 4 hours ago

Dave Speller · Top Commenter · University of Phoenix
The public is largely uninformed because the "free" press is not doing its job of being the watchdog of the government. Ben Franklin would be upset, no doubt.
Reply · 9 · Like · 3 hours ago
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Anita Haircut · Top Commenter
This is all about destroying our economy and country. In other words going for broke.
Reply · 20 · Like · Follow Post · 11 hours ago

Kim Vz · Top Commenter
Anita, thats the whole point of all these NWO corporations and banks..They all work for the same master...
Reply · 7 · Like · 5 hours ago

Deb Bennison-Supers · Subscribe · Top Commenter · Easton Area High School
The stimulus was & is, about NObama paying off his bribes & buddies.
Reply · 19 · Like · Follow Post · 6 hours ago

Dave Speller · Top Commenter · University of Phoenix
to be fair, Bush started these "stimulus" plans and a lot of replicans went along. corruption in washington is systemic. we need to flush the toilet and get rid of all the incumbents we can.
Reply · 2 · Like · 3 hours ago

Deb Bennison-Supers · Subscribe · Top Commenter · Easton Area High School
Have to remember, NObama came in & promptly signed off on another, bigger one. Bush was out numbered by the Dems.
Reply · Like · 5 minutes ago

William Nealey Jr. · Top Commenter · None
just another day in the CORRUPT world of the obama regime,
Reply · 16 · Like · Follow Post · 6 hours ago

Gene Childers · Cerritos College
Just another day in the corrupt;business as usual, "me first";American politics.
Reply · 2 · Like · 2 hours ago

Bill Stewart · Top Commenter
This is the way the game is played I give u 50,000. And then the poor
Taxpayers,u and I fork over multimillions to their companies...now we
Know why we are in the shape we are in...Broken...
Reply · 15 · Like · Follow Post · 6 hours ago

David L Lamon · Top Commenter
Anita I agree and it has been this from day one of his presidency.
Reply · 14 · Like · Follow Post · 7 hours ago

Paul Wade · Top Commenter
Sorry David,

But as a usurper, he has never been in the office as president, just a master thief with congress' assistance.
Reply · 9 · Like · 5 hours ago

James Black · Top Commenter
Crony fascism.
Reply · 14 · Like · Follow Post · 9 hours ago

Paul Wade · Top Commenter
Simple: You help me and I'll take care of you.
Reply · 11 · Like · Follow Post · 12 hours ago

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