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Ecotality, Inc. Message Board

  • jaguas1969 jaguas1969 Aug 30, 2013 11:22 AM Flag

    The government will not let ECTY fail or else the government fails too. Not under Obama watch.

    Check the DOE website.

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    • SAN FRANCISCO — July 9, 2013 — ECOtality, Inc. (NASDAQ:ECTY), a leader in clean electric transportation, today announced the appointment of Brandon Hurlbut, the former Chief of Staff for the U.S. Department of Energy (DOE), to its Board of Directors, effective July 5, 2013. Mr. Hurlbut is ECOtality’s seventh member of the Board and sixth independent director.

      As the former Chief of Staff for the DOE, Mr. Hurlbut managed the department’s principal initiatives including oversight of the federal agency’s day-to-day operations, $27 billion budget and 115,000-person workforce.

      Brandon Hurlbut
      Chief of Staff at U.S. Department of Energy Washington D.C. Metro Area | Government Administration Current: Chief of Staff at U.S. Department of Energy Past:Cabinet Affairs at The White House, Senior Personnel Staff at Presidential Transition Team, Regional Political Director at Obama for America, Att...Education: Georgetown University Law Center, University of Illinois at Urbana-Champaign

      this guy has connections to goverment obama and doe as former chief of staff.
      well now let me imagine.this guy is member of the board of ecty since july 5/2013
      if ecty would file bk brandon hurlbut would be the greatest ideot to turn into the company 2 months ago.

      Sentiment: Hold

    • A123 & Solyndra failed under Obama, but I believe the dems can't see another green company funded by taxpayers fail, especially with King Obama's recent call for action on climate change.

    • Audit Report: OAS-RA-13-29 . July 25, 2013

      The Department of Energy Vehicle Technologies Program's $135 Million in Funding to Ecotality, Inc.

      The Department of Energy's Vehicle Technologies Program aims to decrease U.S. oil dependence by developing and deploying advanced transportation technologies. The scope of the Program was significantly increased when it received approximately $2.8 billion in funds as part of the American Recovery and Reinvestment Act of 2009. Subsidiary companies of Ecotality, Inc. received about $35 million from 2005 to 2011, for two multi-year projects to test and evaluate advanced technology vehicles. In 2009, Ecotality was awarded a Recovery Act grant for about $100 million for electric vehicle demonstration and infrastructure evaluation. For this award, Ecotality planned to install three different types of charging stations for electric vehicles in various geographical regions around the country.

      Our review identified opportunities to improve the effectiveness of the Department's administration of its awards to Ecotality. We noted that the Department had not adequately documented its consideration of alternatives before making significant changes to Ecotality's Recovery Act project. Additionally, the Department had not ensured that the selection of commercial charging station locations was based on a process that advanced the goals of the project. Further, the Department had not ensured that Ecotality's awards were finalized in a timely manner. We did not find that the cost-share concept for this project was prohibited under Federal regulations; however, we concluded that the cost-share arrangement was unusual and provided Ecotality with a very generous cost-share credit.

      We made several recommendations to address the issued we observed and to improve the management of this and similar projects. Management concurred with our recommendations and indicated that it had completed or initiated corrective actions that were responsive to our recommendations.

 
ECTY
0.124-0.014(-10.14%)Sep 26 4:00 PMEDT