Former California Controller Steve Westly to Address Renewable Energy Tax Credit Professionals

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Novogradac & Company LLP’s Financing Renewable Energy Conference in San Francisco, April 24-25

The extension of the production tax credit (PTC) through 2013, coupled with the availability of more than $150 million in advanced energy manufacturing tax credits announced by the U.S. Departments of Energy and Treasury, are expected to help drive additional renewable energy investment this year. However, uncertainty remains as the industry awaits guidance from the Internal Revenue Service regarding the "begun construction" language included in the extension legislation.

The state of the tax equity markets, current development and financing issues and other hot topics, such as the 8.7 percent reduction to Section 1603 Treasury Grant awards made on or after March 1, 2013 as a result of "sequestration" will be addressed at Novogradac & Company LLP’s Financing Renewable Energy Conference. On hand to deliver a keynote address at the Hilton Union Square will be Steve Westly, former California state controller and current managing partner of The Westly Group, a clean-technology oriented venture capital firm. During his term as controller, Mr. Westly spearheaded innovative tax programs that led an effort to commit more than $1 billion to clean technology investments.

“As a steadfast advocate of renewable energy, with his diverse experience in leading tax programs and financial incentive propositions for clean technology, Steve Westly is sure to offer valuable insight to conference attendees,” says Stephen Tracy, CPA, conference chair and partner in Novogradac & Company’s San Francisco office. “In addition to hearing from Mr. Westly, attendees will enjoy valuable networking opportunities with high-level practitioners and participate in discussions with expert panelists on a variety of timely topics and issues affecting the renewable energy industry.”

As always, attendees can look forward to the event’s heavy-hitting Washington Report, a session in which industry insiders will address relevant public policy as well as passed and pending legislation. Additionally, panelists will explore subjects such as how to search for the lowest cost of capital; the latest solar and wind development trends; debt and equity financing strategies; renewable energy debt markets; analysis of investor GAAP earnings and a host of other investor-related issues; and more.

Participants will be given ample opportunity to network with colleagues and speakers during the many breaks between sessions and at the reception held Wednesday evening from 5 p.m. to 6:30 p.m. The two-day event is worth 8.5 CPE credits.

For those wanting to learn more, a one-day pre-conference workshop: Principles of RETCs will be held April 23. This course is ideal for industry newcomers as well as those looking for a refresher course. Registration is separate and optional. Additional fees apply.

The Financing Renewable Energy Conference is co-hosted by Chadbourne & Parke LLP, Nixon Peabody LLP and SNR Denton. Sponsors include National Trust Community Investment Corporation and Dudley Ventures. Conference details and the complete conference agenda can be found at

Novogradac & Company LLP, a national certified public accounting and consulting firm headquartered in San Francisco, Calif., is consistently named by Accounting Today and Inside Public Accounting as one of the top 50 accounting firms in the country. Inside Public Accounting also named the firm as one of the 25 best managed accounting firms in 2010 and the San Francisco Business Times has recognized it as one of only five companies that for five consecutive years has made its list of the Fastest Growing Companies in the Bay Area.

Novogradac & Company LLP has its headquarters in San Francisco, Calif., with offices in metro Atlanta, Ga., Washington, D.C., Detroit, Mich. and Kansas City, Mo., as well as in Austin, Texas; Boston, Mass.; Dover, Columbus and Cleveland, Ohio; Portland, Ore.; New York, N.Y.; Long Beach, Calif.; St. Louis, MO and Seattle, Wash. The firm maintains clients in a broad range of industries with major emphasis in the real estate sector, providing publicly and privately held national and multinational enterprises with a full spectrum of audit, tax, valuation, trust and litigation support, computer consulting and general consulting services.

For more information about Novogradac & Company LLP’s Financing Renewable Energy Conference, contact Cindy Bao at 415.356.7927, or email cindy.bao(at)novocco(dot)com.

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