Clean Renewable Energy Bonds (CREBs)
George K. Baum & Company is committed to providing underwriting and financial advisory services for CREB financings.  We are familiar with the guidelines for new CREBs and can assist borrowers with the application process.

George K. Baum & Company has recently closed a successful Clean Renewable Energy Bond financing for the City of Fargo.  We also assisted Colorado Springs Utilities in two CREB financings for two hydropower facilities.  George K. Baum & Company has an extensive list of potential CREB purchasers and can guide a borrower through the financing process and prepare the plan of finance section of a CREB application. The next round of CREB applications are due August 4, 2009 and $2.4 billion is available.  The allocations are as follows:

• $800 Million for Public Power Providers
• $800 Million for Governmental Bodies
• $800 Million for Cooperative Electric Companies

Renewable Energy Projects
George K. Baum & Company provides financial advisory and underwriting services to borrowers interested in developing, owning or participating in renewable energy projects.  The firm has experience within the renewable energy industry and understands the tax benefits and consequences associated with renewable energy projects.  George K. Baum & Company also has investor and Renewable Energy Credit broker relationships across the industry.  George K. Baum & Company is currently providing financial advisory or underwriting services for the following renewable energy projects across the country:

New Mexico Renewable Energy Transmission Authority - Santa Fe, New Mexico
Role: Underwriter/placement agent
Project: Construction of a renewable energy transmission line linking a 100MW wind facility to end users
Financing Structure: Taxable bonds with a DOE Loan Guarantee

Biomethane Fuel Cell Project for Private Renewables Developer – California
Role: Underwriter/placement agent and financial advisory services
Project: Generation of renewable electricity from methane gas
Financing Structure: Treasury Grant in lieu of Investment Tax Credit Equity, California Self Generation Incentive Program Equity and taxable bonds with a DOE Loan Guarantee or tax-exempt bonds

30 MW Wind Project for Private Wind Developer – South Dakota
Role: Underwriter, placement agent and financial advisory services
Project: 30 MW wind farm, wind will be sold via a power purchase agreement with a public utility district
Financing Structure: Investment Tax Credit equity, taxable bonds with a DOE Loan Guarantee and New Market Tax Credits

Wind Power Project – City of Fargo, North Dakota
Role: Financial advisory and underwriting services
Project: Wind farm
Financing Structure: Clean Renewable Energy Bond or tax-exempt bonds

QECB Financing - State Higher Education Governing Board for Public University System
Role: Financial advisory and underwriting services
Project: Renewable energy and sustainability projects throughout the university system
Financing Structure: Qualified Energy Conservation Bond

Biomass Cogeneration Project – Utilities Service Corporation in Upstate New York
Role: Underwriter
Project: 8MW electricity and 14MW steam generation project
Financing Structure: Taxable bonds with a DOE Loan Guarantee or tax-exempt bonds