New Jersey PACE Summit Friday, June 12, 8 am - Noon Princeton University Campus PACE by the Numbers 31 states + DC have PACE legislation With 1,495 local PACE programs* Sources: pacenow.org, eia.gov Program designed by Hope Trisler, Research from Abhinav Saikia The National Picture A Voluntary Process Eligible Measures Eligible Buildings Environmental Impact Reported Projects and Outcomes Why PACE? PACE (Property Assessed Clean Energy) is a vehicle for creating market opportunities for doing “the right thing”—in energy conservation, renewables, and resilience. It uses government to facilitate the use of private investment capital to finance improvements on private property—profit-making improvements that serve the public interest. PACE in New Jersey The opportunity in New Jersey is substantial. With more than $200 billion in nonresidential property (including commer- cial/industrial, agricultural, institutional, and multifamily) and more than 4 million households, much of it built before 1990, New Jersey has an enormous need for clean energy upgrades and improved resiliency—the ability to withstand extreme weather events, and to provide a safe and sustainable built en- vironment. About New Jersey PACE New Jersey PACE is a dba and program of the Center for Regenerative Community Solutions, a 501(c)(3) nonprofit created in the aftermath of Superstorm Sandy to help communities adapt to the new realities of the 21st century. For more information, please visit: NewJerseyPACE.org • CRCSolutions.org • Energy Efficiency • Renewables: Solar Wind Biofuels • Storm and Flood Protection • Water Projects $, Millions Jobs Residential 31,300 626 9,390 Commercial 330 112 1,620 Total 31,630 738 11,010 A special thanks to our sponsors:
Transcript
New Jersey PACE SummitFriday, June 12, 8 am - NoonPrinceton University Campus
PACE by the Numbers
31 states + DC have PACE legislationWith 1,495 local PACE programs*
Sources: pacenow.org, eia.govProgram designed by Hope Trisler, Research from Abhinav Saikia
The National Picture
A Voluntary Process
Eligible MeasuresEligible Buildings
Environmental Impact
Reported Projects and Outcomes
Why PACE?PACE (Property Assessed Clean Energy) is a vehicle for creating
market opportunities for doing “the right thing”—in energyconservation, renewables, and resilience. It uses governmentto facilitate the use of private investment capital to finance
improvements on private property—profit-making improvementsthat serve the public interest.
PACE in New JerseyThe opportunity in New Jersey is substantial. With more than$200 billion in nonresidential property (including commer-
cial/industrial, agricultural, institutional, and multifamily) andmore than 4 million households, much of it built before 1990,New Jersey has an enormous need for clean energy upgrades
and improved resiliency—the ability to withstand extremeweather events, and to provide a safe and sustainable built en-
vironment.
About New Jersey PACENew Jersey PACE is a dba and program of the Center
for Regenerative Community Solutions, a 501(c)(3) nonprofitcreated in the aftermath of Superstorm Sandy to help
communities adapt to the new realities of the 21st century.For more information, please visit:
NewJerseyPACE.org • CRCSolutions.org
• Energy Efficiency• Renewables:
SolarWindBiofuels
• Storm and Flood Protection• Water
Projects $, Millions Jobs
Residential 31,300 626 9,390
Commercial 330 112 1,620
Total 31,630 738 11,010
A special thanks to our sponsors:
Panelists
Andrew ChintzDirector, National Public Finance GuaranteeCorporation and Chairman of the Board(former), Energy Improvement CorporationAndrew Chintz is active in communityenvironmental organizations. His involvementin the development of a local PACE programspoke directly to his background in municipalfinance, community development andaffordable housing. Andrew is a primarymanager of a $10 billion dollar housingportfolio at National Public FinanceGuarantee Corporation (MBIA).
Upendra ChivukulaCommissioner, New Jersey Board ofPublic UtilitiesUpendra Chivukula served 13 years in theNew Jersey Assembly, and was elected asDeputy Speaker. Prior to this appointment,Upendra was Mayor of Franklin Townshipand worked for AT&T Bell Labs for 17 years.
Mario DiNataleDeputy Mayor, Voorhees Township &Partner, DiNatale Investments, LLCAfter founding and building DiversiFax, Inc.,a publicly traded company, Mario FoundedDiNatale Investments to invest and manageresidential apartments in Hollywood FL. Marioco-founded the nonprofit Alicia Rose VictoriousFoundation which has installed 98 Teen Centersin Children's hospitals.
Governor James J. FlorioNew Jersey Governor, 1990-1994Jim Florio served on the Secretary of Energy’sAdvisory Board during the ClintonAdministration. He was elected to the US Houseof Representatives, 1974-1990, where heauthored the “Superfund” law. As New Jersey’sGovernor, 1990-1994, he signed the CleanWater Enforcement Act, one of the strongestenvironmental laws of its type in the nation.Governor Florio is a Founding Partner of FlorioPerrucci Steinhardt & Fader, L.L.C. and servesas Chair of the Energy and Environment prac-tice area.
David GabrielsonExecutive Director, PACENowDavid Gabrielson was introduced to PACEwhile developing Energize Bedford, an energyefficiency financing program for homes inBedford, New York, where he has served asan elected Councilman since 2008. Previously,David was an investment banker to state andlocal government with Credit Suisse FirstBoston and J.P. Morgan.
Bert HunterExecutive Vice President and Chief InvestmentOfficer, Connecticut Green BankBert Hunter leads the development of innovativeclean energy financing programs forConnecticut. Bert was Vice President of Financeand Chief Financial Officer of Spectrum Capital,Ltd, an investment bank, and managed thefunding for a billion-dollar international leasingportfolio when he was with Chemical Bank.
Michael LicamelePresident, MSL Group, Inc.Michael Licamele leads a team that developsand executes renewable energy and energyefficiency projects using state PACE programs.Michael has over 30 years of experience inreal estate finance and development and hasbeen focused on energy projects for the pastfive years.
Kevin MoyerPartner & Chief Investment Officer,PACE Equity LLC and Chairperson,Board of NW Ohio Advance EnergyImprovement CorporationKevin Moyer built a nationally recognizedalternative energy and energy efficiencyfinancing program for Toledo-Lucas CountyPort Authority before he joined PACE-Equity,a national turnkey project developer andfunder of clean energy projects.
Assemblyman Raj MukherjiNew Jersey State AssemblyAssemblyman Mukherji is a lawyer andhealthcare investor. Previously, he served asDeputy Mayor of Jersey City and as a softwareCEO. He is a former Sergeant in the MarineCorps Reserve who served in militaryintelligence. He is also Chairman of theJersey City Housing Authority.
Edward J. SayersVP Energy Services and SustainablePractices,Simon Property GroupEd Sayers is responsible for managing Simon’senergy-related investments and operations tomaximize profit center returns and minimizecosts. Ed has over 29 years of energy industryexperience in operations, supply and demandmanagement, metering, billing systems, assetmanagement and finance.
Senator Bob SmithNew Jersey State SenateBob Smith is considered one of the State’sleading environmental lawmakers, since 1986and has been named Legislator of the Year bysuch groups as New Jersey Recreation andParks Association and New Jersey Chamberof Commerce.
8:30 Welcome – Shana Weber, Director, Office of Sustainability,Princeton University
8:45 Context for the Summit – Jonathan Cloud, Executive Director,New Jersey PACE
9:00 Panel - PACE: The US Experience• David Gabrielson, Executive Director, PACENow• Bert Hunter, EVP & Chief Investment Officer, CT Green Bank• Andrew Chintz, Director, National Public Finance Guarantee
Corporation and Chairmain of the Board (former),Energy Improvement Corporation
Moderator: Victoria Zelin, NJPACE
10:00 Panel - PACE: The Opportunity in New Jersey• Ed Sayers, Vice President Energy Services and Sustainable Practices,
Simon Property Group• Kevin Moyer, Partner and Chief Investment Officer,
PACE Equity LLC and Chairperson, Board of NW OhioAdvance Energy Improvement Corporation
• Mike Licamele, President, MSL Group Inc.• George Vallone, President, NJ Builders Association &
President, Hoboken Brownstone• Marcos Vigil, Deputy Mayor, Jersey City
Moderator: Jonathan Cloud, NJPACE
11:00 Panel - PACE: The Current Status and What’s Next• Governor Jim Florio• Senator Bob Smith (Central Jersey/Piscataway)• Assemblyman Raj Mukherji (Hudson)• BPU Commissioner Upendra Chivukula• Mario DiNatale, Deputy Mayor, Voorhees, NJ
Moderator: Gus Escher, NJPACE
11:50 Concluding Remarks - NJPACE Team
Noon Refreshments and networking on patio or in concourse
Shana S. WeberDirector, Princeton UniversityOffice of SustainabilityShana Weber works to bridge operationaldemonstration and academic endeavors in highereducation. She has coordinated University effortsin implementing cross-disciplinary and repeatablecampus-based sustainable systems since 2006.
George T. VallonePresident, NJ Builders Association &President, Hoboken Brownstone CompanyGeorge Vallone’s firm specializes in large mixed-useBrownfield redevelopment projects, including theaward-winning “Maxwell Place on the Hudson.”Their mission: “Quality real estate developmentmeans quality community development.” He is alsoChairman of NJBA’s Mixed Use Developers Affiliate,MXD, whose members build more than 75% of allrental housing in NJ.
Marcos D. VigilDeputy Mayor, Jersey CityMarcos Vigil oversees economic and real estatedevelopment. Previously, as Deputy Secretaryof State under New York Governor AndrewCuomo, he streamlined operations and reducedoperating costs. Earlier, Marcos practiced law,including complex civil litigation.
New Jersey PACEJonathan CloudExecutive Director, New Jersey PACEJonathan Cloud is a serial entrepreneur, realestate developer and community organizer.He is responsible for bringing about NewJersey’s first municipal Energy Aggregationprogram, in Plumstead; for developing andproposing legislation regarding small hydro inNew Jersey, and for driving the implementationof PACE in New [email protected]
Gus EscherCo-founder & Director of Finance,New Jersey PACEGus Escher is an Investment Banker andManaging Member of First Enterprise ConsultingLLC, a Project Consulting firm for Alternative andRenewable Energy Facilities. Previously, he ledproject development and finance at CiticorpSecurities, PNC Capital Markets, RBC CapitalMarkets and BB&T Capital [email protected]
Victoria ZelinCo-founder & Director of Development,New Jersey PACEVictoria Zelin, has been generating businessfor human resources consulting and servicescompanies, from startups to Fortune 500corporations, for over 20 years. Most recently,she represented the Sustainability ConsultingPractice of [email protected]
