The Internal Revenue Service is auditing $7 million of revenue bonds issued in 2007 by the Colorado Housing and Finance Authority for Confluence Energy LLC to finance the construction of a wood-pellet manufacturing plant in Kremmling, Colo.

Confluence Energy is a producer of wood pellets primarily used as a heating fuel, mostly for residential users. It uses available biomass in the form of trees that have been killed by the mountain pine beetle, and turns them into a usable, stable, sustainable and clean domestic energy source, according to its website.

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