Bill Collet Launches Cooperative and Renewable Financing Firm


Contact Information:

Bill Collet 816-595-1180
Mark Hellevang 816-595-1180

Bill Collet Launches Cooperative cialis price and Renewable Financing Firm 

Kansas City, Missouri, November 13, 2009.  Bill Collet is pleased to viagra usa announce the November 1st launch of Collet & Associates, a Kansas City based financial advisory firm providing investment banking services to energy and infrastructure clients.  Collet commented, “Collet & Associates will focus on the electric cooperative network, a practice I have developed through over 50 client engagements in the last 20 years.”

Collet & Associates believes that a dedicated firm of professionals is required to meet the challenges  facing electric cooperatives today.  The firm will concentrate on strategic acquisitions of generation, transmission and distribution assets by cooperatives, the development and financing of utility-scale renewable energy generation facilities, financing alternatives for energy efficiency and conservation programs, and innovative alternatives for financing growing industry capital requirements.

Collet continued, “I am especially pleased that Collet & Associates is launching with several important engagements, including the continuation of advisory services for Cloverland Electric’s acquisition of the Edison Sault Electric Company from Wisconsin Energy Corporation”.  The transaction, announced on October 29, 2009, was initiated by Collet in his predecessor firm and represents the continuation of a model for electric cooperative acquisitions that he has developed over his 20 year investment banking career. 

Commenting on the Cloverland acquisition, Collet said, “This deal achieves tremendous economies of scale in a rising cost environment. Electric cooperatives must continue to innovate to keep their electric rates affordable for their member-owners.  The combination of two adjacent territories provides for increased cost synergies, improved reliability, and enhanced local control of the consumers’ energy company”.

Previous transactions executed by the team at Collet & Associates include:

  • Acquisition by Homer Electric Association (AK) of generation assets from Alaska Electric Generation and Transmission
  • Formation of Kaua`i Island Utility Cooperative (HI) through the acquisition of Kaua`i Electric from Citizens Utilities
  • Purchase of a baseload power plant for Kaua`i Island from Dominion Resources
  • Acquisition by Vermont Electric Cooperative (VT) of service territory from Citizens Utilities
  • Sale of the Mauna Lani Resort (HI) wastewater treatment system to American Water
  • Acquisition by Tri-County Electric (OK) of service territory from Xcel Energy
  • Acquisition by Jo-Carroll Energy (IL) of service territory from Alliant Energy
  • Acquisition by Rock Energy Cooperative (WI) of service territory from Alliant Energy
  • Numerous acquisition offers on behalf of cooperatives for investor owned systems and municipal utility systems in transactions valued up to $2.5 billion

Principals of Collet & Associates include:

Bill Collet, President – Prior to founding Collet & Associates, Bill Collet was a founding principal of Christenberry Collet & Company in 1994.  Bill is recognized in the investment banking industry for his diverse experience covering the full spectrum of corporate finance services. His engagements have included buy-side and sell-side mergers and acquisitions, public stock offerings, debt and equity financing and hostile takeover defense.

  Over the last 10 years, Bill’s investment banking practice increasingly focused on electric and gas utilities, power generation, and renewable power projects.  He is recognized for developing a template for the successful acquisition of utility properties on behalf of electric cooperatives.

Bill received a bachelor’s degree in business administration from Southern Methodist University and an MBA, with distinction, from Harvard Business School. He has been a guest lecturer at the Bloch School of Business and Public Administration at the University of Missouri-Kansas City.

Mark Hellevang, Senior Associate – Mark has over 5 years of experience in the research, financial modeling, valuation, rate tariff analysis, territory and customer analysis, and general due diligence requirements of utility transactions.  He was a research and financial analyst at Mr. Collet’s predecessor firm.  Prior to his work with Collet & Associates’ predecessor firm, Mark was a research analyst performing stock analysis, asset allocation, portfolio management, and other financial analysis for corporate and non-profit clients.  Mark also has accounting experience and has received a bachelor’s degree in business management and an MBA from the University of Wyoming.

Suzanne Shobe, Director of Client Services and Production – Suzanne has over 15 years of experience providing client services in energy and utility transactions.  She managed the administrative and document production functions of Collet & Associates’ predecessor firm including offering memorandums, client communications, board presentations, and regulatory review requirements.   Prior to her work with Bill Collet, Suzanne had 12 years experience in a variety of administrative positions.  She received a bachelor’s degree in education from Missouri State University.

Contact Information:

Collet & Associates, LLC
City Center Square
1100 Main Street, Suite 1610
Kansas City, Missouri 64105
Telephone: 816-595-1180
Fax: 816-595-1184

For a PDF version of this press release, click here.