Court of Appeals for the Ninth Circuit August 6, 1993, 90-56328, 90-56329 (United States v. The Parsons Corp., United States of America v. The Parsons Corp.)

KOZINSKI, Circuit Judge:

The Department of Energy (DOE) loaned $99.6 million to two subsidiaries of the Parsons Corporation so they could develop a geothermal power plant.

See

The Geothermal Loan Guaranty Program, 10 C.F.R. pt. 790 (1990). In return, Parsons guaranteed it would pay DOE up to $3 million if its subsidiaries defaulted.