Through the CTI Alliance, CTI has assembled a world-class team of seasoned professionals having deep financial, commercial and technical experience.
The CTI Alliance consists of a group of top professionals who have known and worked with each other for years, and find that it is in their interest to combine networks and knowledge bases to work on interesting and challenging CTI assignments, typically on a subcontracting basis.
CTI teams with each Alliance member on a project by project basis. This flexible, entrepreneurial organization structure enables CTI to cost-effectively tap seasoned professionals having a diverse range of financial, technical and commercial backgrounds, each with at least 25 years experience. It also enables CTI to custom-tailor the engagement team to fit a client's exact needs.
Represented within the Alliance are trusted project finance, development, technical, tax, legal and utility experts whose depth and breadth gives CTI uncommon reach when solving problems for its clients. Currently, CTI's Alliance members include:
David R. Siever is Chairman and CEO of Capital Technology, Inc., which he founded in 1989 to provide investment banking and financial advisory services to developers and owners of clean and renewable energy projects. CTI's principals have served as project finance or loan guarantee advisor on over $7.0 billion in projects covering the following technologies: coal and petcoke-fueled gasification, nuclear, landfill gas, hydroelectric, coal and waste coal circulating fluidized bed, natural gas, biomass, wind and ocean wave energy. Prior to forming CTI, David was Managing Director of Combustion Engineering Inc.'s 15-person Worldwide Project Finance Group where he and his group were responsible for closing 53 transactions representing $3.5 billion in financings worldwide. For the six years before that he worked at Dow Chemical USA, the first four as Assistant Treasurer in charge of project financing, where he closed just under $2.0 billion in project financings, and the last two as Marketing Director for Dow USA's Specialty Epoxy Resin business. Before joining Dow, Mr. Siever served for nine years at Citibank, N.A. in New York, first as Vice President, Corporate Finance and later as Vice President of the newly-created Project Finance Department. David earned a B.S. in Electrical Engineering and an MBA in Finance from the University of Texas at Austin. Currently, he is serving on the Engineering Advisory Board of the University of Texas College of Engineering, and is on the Advisory Board of Values Through History, the developer of a multidisciplinary curriculum for 5th graders set at the time of the American Revolution. He and his family live in Rowayton, Connecticut.
David J. H. Nicoll is President of Frentex, Incorporated. Mr. Nicoll has been involved in the development of power, refining, petrochemical and fertilizer projects around the world. From 2006 through 2008 he served as Senior Vice President of Engineering for Synthesis Energy Systems. From 1989 to 1993, he was Senior Vice President and Officer of the Fluor Corporation, where he headed the Project Finance Group. From 1984 to 1989, he was Managing Director, International Project Finance and Venture Development for Combustion Engineering and prior to that, Vice President for Venture Projects of Lummus Crest, Inc. From 1982 to 1983 he served as Managing Director of Procon in Great Britain, and before that as President of Widmer and Ernst, a hazardous waste disposal firm owned by Alusuisse. From 1970 to 1974 Mr. Nicoll was Managing Director of Empresa Brasileira de Tetramero, a São Paulo-based private petrochemical venture. Mr. Nicoll has a degree in chemical engineering with honors from Loughborough University of Technology in Loughborough, England and a degree in Intermediate Laws from London University. He is fluent in French, Portuguese and Spanish. Dave and his wife live in Millington, New Jersey.
Bernard P. Roesch is a Managing Partner of MISSION Consulting Group, which he co-founded in 1984 to provide financial modeling and systems development services to Fortune 500 companies. Mr. Roesch is an expert at building computer models to assess the economic feasibility, risk and financing alternatives of domestic and international project finance transactions. In the course of his career, he has modeled project economics for investment banks, financial advisory firms, developers, equipment suppliers, turnkey contractors, lenders and equity investors. Since early 2009, Bernard has developed financial models for evaluating the four leading nuclear projects selected by the DOE. Mr. Roesch’s prior experience covers a variety of power technologies, including hydroelectric, coal, gas, geothermal and resource recovery, both domestic and international, and including both singe assets and portfolios of project assets. Prior to forming MISSION Consulting, Mr. Roesch served as the sole financial analyst of Condec Corporation, a $300-million high-technology, defense and heavy machinery conglomerate, and as a planning analyst for the Dixie division of American Can Company. Mr. Roesch holds an MS and an engineering degree from Ecole Polytechnique (Paris, France) and an MBA from the Harvard Business School. He speaks native French and is fluent in German. He and his family live in Westport, CT.
Jeffrey C. (Jeff) Bodington is President of Bodington & Company, a San Francisco-based Broker/Dealer that works with CTI on a project-by-project basis. Bodington & Company provides investment banking services to electricity generators. These services have included M&A, financing, restructuring and valuation advice concerning over 300 power projects, most recently including several fueled by biomass. Clients have included independent developers and owners, regulated utilities, equity investors, lenders, lessors and landowners. Jeff and his staff have closed asset sales and purchases as well as financings and financial restructurings for biomass, coal, hydroelectric, natural gas and wind projects, in most cases using multiple-bidder competitive auctions. He has been a frequent speaker or invited chair of major power generation conferences and has authored more than 50 papers and articles on project finance and power-related matters. Before forming Bodington & Company in 1990, Jeff spent eight years working for Bechtel Group, Inc. where he was responsible for structuring and financing power and transportation projects. Prior to Bechtel, he spent four years at Resource Planning Associates, Inc. where he evaluated competitive and financial aspects of energy-related business ventures for Fortune 500 clients. Jeff has an MS in Applied Economics from Cornell University and a BS with Honors in Economics and Statistics from the University of California at Berkeley. Jeff is a registered Securities Representative and Principal. He and his family live in San Francisco, California.
Mark A. Riser is a Partner with Morningside Private Equity based in Newton, MA. Mark has a background in operations, finance, and corporate development. From 1999 to 2010 he was a partner at Hamilton Robinson, a venture capital firm. Prior to that he was Manager of Acquisitions for Trigen Energy Corporation where he successfully led the company's second largest acquisition, analyzed numerous acquisition opportunities, and played a key role in managing the company's financial relationships. Mark received a B.S. in Petroleum Engineering from Louisiana Tech University in 1986 and began his career as a Division Officer aboard a nuclear powered submarine in the U.S. Navy. Upon leaving the Navy, he completed his MBA at the Darden School, University of Virginia in 1994 and worked two years for International Paper in the Treasury and Capital Budgets groups. Mark and his family live in Ridgefield, CT.Additional specialized energy financing resources
Dr. Herbert M. (Herb) Kosstrin is a principal of R. W. Beck, Inc. R.W. Beck and CTI successfully worked together to obtain $135 million in investment tax credits for TX Energy, a joint venture of Leucadia National and Eastman Chemicals.
Edward P. (Ed) Martin is an independent consultant and remains an on-call Executive Consultant with R. W. Beck, Inc. Prior to joining R.W. Beck, Ed served as President and CEO of Wabash Valley Power Association, Inc. (WVPA) until his retirement in August, 2005. During his 29 years leading WVPA he transformed it from an organization without revenues or market to a company with $400 million in revenues and a market of twenty-seven distribution rural electric cooperatives having a maximum demand of approximately 1,400 megawatts. During the late 1990's he was one of the founders of ACES Power Marketing, serving first as ACES's first CEO and subsequently as its Chairman of the Board. In January, 2005 Ed engineered WVPA's purchase of a controlling ownership interest in SG Solutions, a partnership formed to acquire and operate the 262MW Wabash River Gasification Plant located in Terre Haute, Indiana. Prior to joining WVPA, Ed worked as a Professional Engineer at Southern Engineering Company of Georgia in Atlanta. He has served as an expert witness before numerous state regulatory commissions and before what today is FERC. He has also made numerous presentations to rural electric cooperative audiences through the National Rural Electric Cooperative Association. Ed serves on the CEIC Advisory Board of Carnegie Mellon University. He received his undergraduate degree in Electrical Engineering from Georgia Tech and his MBA from Indiana University. Ed and his wife Charlotte live in Avon, Indiana, a suburb of Indianapolis.
Ronald W. (Ron) Cantwell is President of VC Holdings, Inc. Mr. Cantwell has a deep background in corporate and project investment and mergers and acquisitions, financial/tax/regulatory restructurings, and operations management. Since July of 2007, he has managed a substantial and complex tax project on behalf of Olympus Power and Metalmark Capital, owners of the 286 megawatt Brooklyn Naval Yard Cogeneration Project. From 1989 to the present, Ron has served as President and sole voting shareholder of the Catalyst Group, Inc. (Catalyst), America’s leading independent power producer before its acquisition in 1988 by Brookfield Asset Management. At Catalyst, he divested of nearly $2 billion in assets, while retaining and managing the 192 megawatt Sidney A. Murray (Vidalia) Hydroelectric Project. In the process he developed innovative tax and accounting structures integral to the sale of these complex assets. Prior to joining Catalyst in 1989, Mr. Cantwell spent 19 years in public accounting. As lead tax partner, he headed Ernst & Young’s Dallas-based Mergers and Acquisitions practice, and also chaired that office’s Practice Development Committee. Mr. Cantwell is a CPA and a graduate of the University of Wisconsin in Madison. He and his wife reside in Greenwich, CT.
Richard Charnov formed his own law practice in 1993 to provide corporate clients with international and domestic project finance legal services. He specializes in structuring and negotiating energy transactions and has substantial experience representing developers on transactions in the People's Republic of China and Poland as well as negotiating power sales agreements, thermal energy sales agreements, asset acquisition agreements and related documentation. Mr. Charnov has also worked on projects in the Czech Republic, India and Tunisia. His U.S. practice includes representing clients in connection with hydro-electric facilities, petroleum coke-fired and gas-fired cogeneration facilities. From 1989 to 1993, Mr. Charnov was associated with Milbank, Tweed, Hadley & McCloy in New York City, where he represented developers and lenders in project financings of coal- and gas-fired projects and hydroelectric and municipal resource recovery projects. From 1987 to 1989, Mr. Charnov was with LeBoeuf, Lamb, Greene & MacRae L.L.P. where he worked with investor-owned utilities. From 1981 to 1987, he was with Mudge, Rose, Guthrie, Alexander & Ferdon where he represented lessees, underwriters, lenders and lessors in structuring leveraged leases of electric generating and manufacturing facilities, aircraft, railcars and marine equipment. Mr. Charnov received his B.A., magna cum laude, from Harvard College in 1976 and his J.D. from Georgetown Law School in 1979. Mr. Charnov works from offices in New York and Vermont.
Don Bennett is an independent management consultant focusing on the electric power industry. For the past 16 years he has provided strategic management consulting services to the energy utilities industry. In the course of his work, Don has consulted with over 50 energy and utility clients in the U.S. and abroad on a wide variety of issues, most recently providing expert testimony in rate cases involving large investor-owned utilities and public power authorities, and in litigation and arbitration cases involving counterparties to power purchase agreements. From 1993 to 1997, Mr. Bennett was a principal first, then a partner at Arthur Andersen, where he headed the firm’s National Utility Consulting practice. Don then headed the national utility practice for Perform Consulting for two years before becoming an independent consultant in 1999. Prior to entering management consulting, Don had worked for 22 years for the Southern Company, where he held the positions of Director of Corporate Finance and Director of Financial Planning. In his last assignment at Southern, he led a multi-year effort to design and implement a company-wide Management Information Reporting System that revolutionized Southern Company’s performance management processes and systems. Don has a BS in Industrial Management from the Georgia Institute of Technology and an MBA in Finance from the University of North Carolina. He and his wife live in Arlington, Virginia.
James B. Greene is President of James Greene and Associates, which he founded in 1986 to provide project and corporate financing advisory services to the energy, electric utility and independent power industries. Prior to forming James B. Greene and Associates, he served for three years as Vice President and Treasurer of TOSCO Corporation where he was responsible for restructuring three $700 million bank debt agreements and for financing a $90 million cogeneration project. For the 12 years before that Mr. Greene was Assistant Treasurer and Manager of Corporate Finance for Southern California Edison Company where he was responsible for over $4 billion in project finance, leasing, tax-exempt financing and foreign borrowings. Mr. Greene holds a B.A. in Economics from Stanford University and an M.B.A. in Finance and Management from the University of Southern California, where he has taught courses in strategic planning and completed the required course work under the business doctoral program. Mr. Greene is also a C.P.A. He and his family live in Palos Verdes, California.