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 | www.e2.org |
October 18, 2011
Dear Legislator, As members of Environmental Entrepreneurs (E2), we urge you to cosponsor the PACE Assessment Protection Act of 2011, H.R. 2599. This bill will boost business growth and job creation by restoring state and local governments’ ability to establish Property Assessed Clean Energy (PACE) programs. E2 represents a non-partisan, national community of business leaders who promote strong environmental policy to grow the economy. We are entrepreneurs, investors, and professionals from every sector of the economy who collectively have been involved in financing, creating or working in the early development of more than 1,100 companies, which have created over 500,000 jobs. Our members manage over $90 billion in private equity capital that will flow over the next several years into new companies. PACE is not a loan program, but rather a mechanism that utilizes existing municipal authority to create special assessment districts to provide property owners upfront capital to install renewable and energy efficiency projects. PACE therefore enables participating property owners to pay for project costs incrementally through voluntary assessments on their annual property tax bills. PACE programs provide the private sector and local governments the opportunity to work together to make energy efficiency and renewable energy improvements for homes nationwide. In doing so, PACE programs hold potential to generate tremendous economic benefits to our nation - without federal tax subsidies, mandates, or expansion of any federal programs. Unfortunately, the Federal Housing Finance Agency (FHFA) effectively halted implementation of the many PACE programs around the country that were on the verge of launching in 2010. With its decision, FHFA ignored the 200-year history of local assessment financing. H.R. 2599 would overturn FHFA’s decision and protect local governments’ ability to establish and maintain special assessment districts, while addressing FHFA’s safety and soundness concerns. The PACE Assessment Protection Act of 2011, H.R. 2599, is one of very few (if not the only) private-sector driven and locally-managed opportunities to create jobs and boost the economy on a national scale by making residential renewable energy accessible and affordable to millions of homeowners. Restoring PACE availability in the 27 states (plus Washington D.C.) which have already passed PACE enabling legislation would unleash a cascade of benefits for small and medium sized businesses nationwide that would create jobs, improve home values, and reduce energy costs for families who can in turn spend their money to the benefit of the strained local economies. PACE Highlights include: - Local Business Growth, Job Creation and Economic Development: retrofitting 1% of America’s homes with PACE has the potential to create over 225,000 jobs and generate $42 billion in economic output - including $4.2 billion in combined tax revenues for Federal, state and local governments (resulting from the PACE-financed economic activity).
- No Taxes/Federal subsidies: PACE programs use private sector financing and require no government subsidies.
- Private Capital: funding comes from the broad capital markets, not taxpayers.
- Voluntary: PACE is not another government mandate.
- Lower Mortgage Default Rates: Homeowners who participate in PACE programs have significantly lower mortgage default rates than other property owners in the same communities.
- Fannie/Freddie Reduced Losses & Footprint: PACE reduces GSE losses and encourages private market driven solutions for our nation’s mortgage industry.
- Lender Protections: Underwriting standards allow PACE financing only for financially sound homeowners, and by reducing their energy consumption, PACE financed efficiency projects will make it easier for these homeowners to pay their existing mortgages and protect themselves from rising energy costs.
Congress must intervene immediately and pass legislation that guarantees the ability of state and local governments to fulfill the promise of PACE. Please co-sponsor H.R. 2599 - the PACE Assessment Protection Act of 2011 today. Sincerely,
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Curtis Abbott (California)
CEO, Lucesco Lighting Inc
Maryvonne Abbott (California)
Dan Abrams (California)
President/CEO, Cross River Pictures
Steven Anderson (Virginia)
Brigadier General (Ret), US Army; Chief Marketing Officer, Relyant LLC
Channing Arndt (Colorado)
Professor, Department of Economics, University of Copenhagen
John Balbach (California)
Managing Director, CleanPath Ventures
Ed Beardsworth (California)
Principal, Energy Technology Advisors
Holly Beaver (Colorado)
Consultant, Educator & Technical Assistance
Jeff Bennett (Colorado)
Founder, Big Kid Science
Lisa Bennett (Colorado)
Laura Berland-Shane (California)
Director, Utility Markets - West, Comverge
Marcella Bernstein (California)
Stuart Bernstein (California)
Maureen Blanc (California)
Director, CHARGE ACROSS TOWN
David Bowen (California)
Consultant
Diane Brinkmann (Colorado)
Cameron Brooks (Colorado)
Senior Director of Market Development and Policy Strategy, Tendril Networks, Inc.
Stephanie Brooks (Colorado)
Reid Buckley (California)
Principal, Orion Renewable Energy Group
Barbara Brenner Buder (California)
CFO, San Francisco Theological Seminary
Dianne Callan (Massachusetts)
Independent Legal Consulting, Green Tech Legal
Peter Carson (California)
Partner, Bingham McCutchen LLP
Priscilla Carson (California)
John Cheney (California)
CEO, Silverado Power, LLC
Roger Choplin (California)
Proprietor / Owner, Our Earth Music, Inc.
Brooke Coleman (Washington)
Assistant Professor, Seattle University Law School
Katie Connor (Colorado)
Program Coordinator, Professional Mentorship Program, Leeds Business School, University of Colorado, Boulder
Tim Connor (Colorado)
Partner, Sequel Venture Partners
Joy Covey (Utah)
President, Beagle Foundation
Catherine Crystal Foster (California)
Consultant, Policy & Advocacy Consulting
Andrew Currie (Colorado)
Investor, Active Minds LLC
Mary Ann Cusenza (California)
Rick DeGolia (California)
Partner, Exigen Capital
Andrew Deitz (California)
Co Founder, Climate Earth
Michael Delapa (California)
DeLapa Consulting
Anne Delehunt (California)
Marketing Consultant, Delehunt-Ricketts
Chris Dennett (Oregon)
Systems & Analytics Manager, Account Management, Regence
Heather Dennett (Oregon)
Physical Therapist, Kaiser Permanente
Harry Dennis (California)
Pediatrician, Palo Alto Medical Clinic
Peggy Dennis (California)
Reid Dennis (California)
Managing Director, Institutional Venture Partners
Susan Dennis (California)
Fine Arts Advisor, Self-employed
Nathan Diemer (California)
Founder and Executive Vice President, DreamHammer, Inc.
Ted Driscoll (California)
Director, Digital Healthcare Lead, Claremont Creek Ventures
Patricia Durham (California)
Scott Elliott (Washington)
CEO, MountainLogic
Rob Erlichman (California)
Founder & President, Sunlight Electric, LLC
Homeyra Eshaghi (California)
Anne Feldhusen (California)
Kacey Fitzpatrick (California)
President, Avalon Enterprises Inc
Jon Foster (California)
Chief Financial Officer, LS9
Karen Francis (California)
CEO, Academix Direct, Inc
Nell Freudenberger (New York)
Amy Fritz (California)
Founder, Fritz Design
Guillaume Gauthereau (New York)
Founder and Chairman, Sequoia Lab
Erin Geegan (Colorado)
President, Zam Energy, LLC
Bonnie Gemmell (California)
GoFavo
Rob Gemmell (California)
Co-founder, AlikeList
Devon George (New York)
President, DMV Capital Corp
Tushar Gheewala (California)
CEO & Chairman, Inventions Outsource
Nancy Gail Goebner (California)
Gardenpeach Place
Mitchell Golden (New York)
Principal, Jun Group
Dan Goldman (Massachusetts)
Co-Founder and Managing Partner, Clean Energy Venture Group
Diana Goldman (Massachusetts)
Founder, ICanPlanIt
Ken Goldsholl (California)
CEO, x.o.ware, Inc.
Nancy Goldsholl (California)
Randy Goldstein (California)
CEO, OptiSolar Holdings LLC.
Lorena Gonda Kiralla (California)
Jon Gordon (Colorado)
Executive Vice President, JobPlex, Inc.
Vicki Gordon (Colorado)
Peter Gorr (Illinois)
Retired
Bob Hambrecht (California)
Self-Employed
Elissa Hambrecht (California)
Doug Hammer (California)
John Harper (Massachusetts)
Principal, Birch Tree Capital, LLC
Berl Hartman (Massachusetts)
E2 New England Chapter Director, Hartman Consulting
Hyman Hartman (Massachusetts)
Research Scientist, Massachusetts Institute of Technology
Ruth Hartman (California)
President, Wordcraft Incorporated
Paula Hawthorn, PhD (California)
| Carol Hazenfield (California)
Chuck Henderson (California)
Co-owner, Shasta Forests Timberlands, LLC
Alan Herzig (California)
Independent Director
James Higgins (California)
Partner, Lakeside Enterprises
Jill Tate Higgins (California)
General Partner, Lakeside Enterprises
Rick Holmstrom (California)
Partner & Vice Chairman, Menlo Equities
Tim Hosking (New York)
Athos Advisors LLC
Robin Hruska (Washington)
Art Teacher, Blakely Elementary School
Wendy James (California)
President, Better World Group
Jeni James Arndt (Colorado)
Director, Office of Field Experience, Walden University
Charlene Kabcenell (California)
Former Vice President, Oracle Corporation
Derry Kabcenell (California)
Former Executive Vice President, Oracle Corporation
Jerome Kalur (Montana)
Attorney at Law
Raymond Kane (Massachusetts)
Member, Cape Cod Commercial Hook Fisherman's Association
Van Katzman (Washington)
Principal, Ascent Law Partners LLP
Arthur Keller (California)
Managing Partner, Minerva Consulting
Marie Kent (Oregon)
Steven Kiralla (California)
Charly Kleissner (California)
Co-Founder, KL Felicitas Foundation
Lisa Kleissner (California)
KL Felicitas Foundation
Eric Kloor (Colorado)
CEO, MacroSystem US
Shanti Kloor (Colorado)
Charles Knowles (California)
Executive Director, Wildlife Conservation Network
Stephanie Knowles (California)
Stephen Koch (California)
Portfolio Manager, AIG Global Real Estate
Chip Krauskopf (California)
Chief Operating Officer, Chromasun Inc.
Gina Lambright (California)
Managing Partner, TOZ Consulting
Sue Learned-Driscoll (California)
Administrator, Stanford University
Nicole Lederer (California)
Co-Founder, Environmental Entrepreneurs
Lewison Lem (California)
Senior Transportation & Land Use Expert, The Center for Climate Strategies
Florence W. Liddell (New York)
Environmental Advocate
Roger Liddell (New York)
Vice Chairman, Clear Harbor Asset Management, LLC
Mark Liffmann (Washington)
Vice President of Business Development, Clean Power Research
Paul Logan (New York)
Vice President, Jones Lang LaSalle
Alison Long Poetsch (California)
Principal, SHR Investments
Joe Madden (California)
CEO, EOS Climate
Andrew Magee (Massachusetts)
Senior Consultant, Epsilon Associates
Marguerite Manteau-Rao (California)
Entrepreneur, blogger
Ryan Martens (Colorado)
Founder, CTO & CSO, Rally Software Development
Wynn Martens (Colorado)
Outreach, University of Colorado
Christine Martin (California)
Clinical Nurse Specialist, San Francisco General Hospital
Nancy McCarter-Zorner (California)
Plant Pathologist
J. Thomas McKinnon (Colorado)
Chief Technology Officer, Boulder ElectroRide, Inc
Lisa Mihaly (California)
Family Nurse Practitioner
Carol Moné (California)
Producer, Our Earth Productions
John Montgomery (California)
Chairman, Montgomery & Hansen, LLP
Linda Montgomery (California)
Gib Myers (California)
Partner Emeritus, Mayfield Fund and Founder/board of the Entrepreneurs Foundation
Susan Myers (California)
Armand Neukermans (California)
Founder, Xros
Carrie Norton (California)
Founder & CEO, Green Business BASE CAMP
Tori Nourafchan (California)
Kathy Nyrop (California)
Consultant
Michael Brian Orr (Washington)
Senior Computer Scientist, Adobe Systems
Alex Osadzinski (North Carolina)
Jiali Osadzinski (North Carolina)
Jack Oswald (California)
CEO, SynGest Inc.
Lyn Oswald (California)
E2 Membership Director
Carl Page (California)
Chief Technology Officer, ZVUE Corp
Peter Papesch (Massachusetts)
Architect, Papesch Associates
Nicholas Parker
Chairman, Cleantech Capital Group LLC
Mark Parnes (California)
Attorney, Wilson Sonsini Goodrich & Rosati
Jim Patton (California)
Trade Counsel, Apple
Matt Peak (California)
Director of Clean Technologies, Prize Capital, LLC.
Jeff Poetsch (California)
Principal, JCP Advisors
Prad Rao (California)
Investor
Jennifer Regan (California)
Global Sustainability Director, AEG
Erin Reiling (California)
Kinkead Reiling (California)
Co-Founder, Amyris, Inc.
Grant Ricketts (California)
Co-Founder and VP Business Development, Saba
Kate Ridgway (California)
John Robbins (North Carolina)
President, Greathorn Properties, Inc.
James Rogers (California)
Visionary, Ride350
Diana Rose (New York)
Garrison Institute
Jonathan Rose (New York)
President, Jonathan Rose Companies
Al Rosen (California)
Director and Principal, Absolutely Solar Inc.
| Myra Rosen (California)
David Rosenheim (California)
Executive Director, The Climate Registry
Jackie Rosenheim (California)
David Rosenstein (California)
President, Intex Solutions
Joan Rossetti (Massachusetts)
Chair, Environmental Affairs Committee of the Prudential Center Residents' Association
Laurie Rothenberg (New York)
Jacqueline Royce (Massachusetts)
Independent Scholar
Paul Royce (Massachusetts)
Independent Scholar
Ella Saunders (Massachusetts)
Tedd Saunders (Massachusetts)
Co-Owner, The Saunders Hotel Group
Eric Schmidt (California)
Executive Chairman, Google
Wendy Schmidt (California)
Founder, The 11th Hour Project
Bette Schuster (California)
Stu Schuster (California)
Novus Ventures
David Schwartz (California)
Lauren Scott (California)
Paul B. Scott (California)
Vice President, Advanced Technologies, Transportation Power Inc
Lt Gen (ret) Noman Seip (Virginia)
Owner, NS Solutions, LLC
Anneke Seley (California)
CEO, ALIO Inc.
Joel Serface (Colorado)
Co-Founder and Managing Director, Clean Range Ventures
Carol Sethi (California)
Patient's Administration, Valley Medical Center, San Jose
Kuldip Sethi (California)
CEO, SV Greentech Corp.
Cynthia Sexton (California)
Tim Sexton (California)
Founder & CEO, The Sexton Company
Reid Shane (California)
Producer/Partner, Frequency Films
JoAnn Shernoff (Colorado)
Former President, Institute for Ecolonomics
A. Vincent Siciliano (California)
CEO, New Resource Bank
Kelly Sickles (New Jersey)
CFO, Noveda Technologies
David Silverglide (California)
Co-Founder/CEO, Mixt Greens
Barbara Simons (California)
Research Staff Member, Retired, IBM Research
Amy Slater (California)
Sandra Slater (California)
Owner, Sandra Slater Environments
June Stein (California)
Virtual Group, LLC
Lee Stein (California)
Chairman and CEO, Virtual Group, LLC
Irene Stillings (California)
President, U.S. Green Chamber of Commerce
Marc Stolman (California)
Attorney, Stolman Law office, E2 Climate Project Leader
Scott Struthers (California)
Co-Founder, Sonance
Ed Supplee (California)
Former CFO, UTStarcom
Sally Supplee (California)
Former Chief Financial Officer, various companies
Kevin Surace (California)
CEO, PushToTest
Leslie Swallow (California)
Jim Sweeney (Massachusetts)
President, Sustainable New Energy
Amanda Thorn (New York)
L. S. Thorne (Connecticut)
Mike Thorne (Connecticut)
Todd Thorner (California)
Exec Vice President, Foresight Wind
Laney Thornton (California)
The Laney Thornton Foundation
Pasha Thornton (California)
Flashpoint
Cariad Thronson (California)
CEO, Forefront Communications
Robert Thronson (California)
VP Business Development, Vigilent
Mike Ubell (California)
Architect, Oracle
Roger Ullman (New York)
Executive Director, Linden Trust for Conservation
Thomas Van Dyck (California)
Sr. Vice President, RBC Wealth Management
Mark Vander Ploeg (California)
Walt Vernon (California)
Principal, Mazzetti Nash Lipsey Burch
Aino Vieira da Rosa (California)
Architect, Aino Maria Vieira Da Rosa, AIA
Alex Wall (Oregon)
Director of Consulting, Discover-e Legal, LLC
Samuel Weaver (Colorado)
President/CEO, Cool Energy, Inc.
Bill Weihl (California)
Sustainability guru, Facebook
Jeff Weinberger (California)
Principal, DS3 Consulting
Dave Welch (California)
Chief Technology Officer, Infinera Corporation
Heidi Welch (California)
Cindy Winebaum (California)
Jake Winebaum (California)
Founder & CEO, Business.com, Inc.
Trevor Winnie (Oregon)
Senior Research Analyst, Clean Edge
Andrew Winston (Connecticut)
Founder, Winston Eco-Strategies
Christine Winston (Connecticut)
Tonia Wisman (California)
Gary Wolff (California)
Former Vice Chair, CA State Water Resources Control Board
Carroll Yandell (California)
George Yandell (California)
Director of Real Estate, Nature Conservancy
Daniel Yost (California)
Partner, Orrick, Herrington & Sutcliffe LLP
Stephanie Yulga Deitz (California)
Head of Lower School, Hillbrook
Margaret Zankel (California)
Martin Zankel (California)
Emeritus Chairman, Bartko, Zankel, Tarrant & Miller
Paul Zorner (California)
Chairman, Kuehnle AgroSystems
| 231 members
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