Carl is a member of the Energy & Project Finance Group and focuses on energy finance matters. He has been involved in more than US$130 billion in financings for various public and private utility projects and has extensive experience in all areas of finance and contractual negotiations for rural electric cooperatives, public power issuers, federal power agencies, and investor-owned utilities, and their affiliates.
He has long-standing relationships with a great number of utility clients that span many years and complex transactions, advising them on numerous taxable, tax-exempt, and tax-advantaged financings of all types for electric, gas, water and waste water projects and in restructuring and work-outs. These projects include five different nuclear plants, with financing through both the public capital market and through the U.S. Department of Energy.
Mr. Lyon was one of the leaders in the development of joint action agencies among municipal utilities. He worked on legislation in 20 states to authorize their formation and testified before legislatures and legislative committees in many of these states. He drafted the first modern indenture for cooperative utilities which served as the model that is currently used by almost every generation and transmission cooperative. He worked with TVA in their exit from the Federal Financing Bank program in the 1980’s and in their financings since then. Mr. Lyon worked with the major generation and transmission cooperatives that have exited the RUS program in structuring and financing their exit.
Mr. Lyon has also worked with virtually every major investment banking firm and most major domestic and international banks.