Public Power & Utilities

Our Public Power & Utilities Group works with a multitude of issuers including municipally and investor-owned electric utilities, electric cooperatives, water and sewer authorities and state revolving funds. We provide our clients with an array of services such as prepaid gas solutions, buyout options from Rural Utilities Services (RUS) debt, rate payer models, securitization and Green Bonds.

Areas of Expertise

Our Public Power & Utilities Group (PPUG) includes senior utility professionals with vast national experience, making our dedicated banking team among the most experienced in the industry. PPUG’s value and commitment to the industry is unrivaled – our team is regularly called upon to work with issuers on modernizing bond indentures, developing robust rating agency strategies to address regulatory issues such as the Clean Power Plan, and hosting conferences on industry developments such as Green Bonds. In addition, we played a significant role in developing the industry’s most sophisticated and innovative structures for prepaid gas and municipal securitization transactions.

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    Pollution Control Revenue Bonds

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    Electric Cooperatives

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    Pre-paid Gas Transactions

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    Joint Action Agencies

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    State Revolving Funds

Public Power

Since the inception of our Public Power Group, we have committed the necessary resources to become a leader in the public power industry. In addition to our investment banking and underwriting capabilities, we provide hedging products, lending products, prepaid gas and electricity structures, and renewable energy solutions.

Water / Wastewater

As one of the nation’s most active underwriters of water/wastewater credits, we have senior managed the most negotiated transactions since 2013. Our recent water revenue bond underwriting experience places our banking and underwriting teams in an unparalleled position to serve as an effective and strategic senior manager to any client in need of water/sewer or utilities expertise.

Municipal Securitization

We created a dedicated, specialized municipal securitization team that continues to be a national leader in this area. Partnering with our TermABS team, the firm is a well-suited securitization financing partner having worked as a joint bookrunner and structuring agent on multiple securitization transactions.

The Public Power industry consists of more than 2,000 municipally-owned utilities. According to the American Public Power Association (APPA), these entities serve over 45 million people or about 14% of the nation’s consumers of electricity.

Recent Transactions

Our Team

Tim Williams

Managing Director & Sector Head

+1.212.519.8473

Paul W. Neuhedel

Managing Director

+1.212.905.5968

Christine Pihl

Managing Director

+1.206.621.3221