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Summit, NJ 07901
Direct Dial: 908-273-1177
West Caldwell
175 Fairfield Avenue #1C
West Caldwell, NJ 07006
Phone: 973-403-1661

Recent News & Developments

Russo Tumulty Nester Thompson & Kelly, LLP focuses on solar energy, together with electric & gas supplier, water, other public utility and cable TV regulation, formation of LLCs, project finance, business and banking transactions, real estate sales and financing, and estate administration. Examples of the firm’s recent transactions include:

The firm assists clients with a 20 MW NJ solar project, NJ clients with multiple EPC contracts in NY, CT and CA, participates in utility solar financing proceedings, and obtains relief for clients on SREC financing program regulations. Russo Tumulty assists clients with a multi- national roll-out of a new business venture, contract development for a regulated business environment, joint venture agreements, business acquisitions and bank financings.

2012: Russo Tumulty assists client with reaching final completion on four solar projects. The firm negotiates EPC agreements for 1.5 MW and 2 MW solar projects. Russo Tumulty assists client with re-negotiation of transaction. The firm negotiates solar lease. Russo Tumulty assists surety with collateral documentation. The firm assists client with regulatory relief on solar contract.

2011: Russo Tumulty completes purchase and sale agreement for four solar projects, a PPA for a 1.5 MW solar project, an LOI for the sale of a 1.5 MW solar project, and a solar lease for 24 MW solar project. The Firm files Declaratory Judgment Actions for three solar projects seeking regulatory relief. Russo Tumulty prepares comments for a leading supplier on New Jersey’s revised Energy Master Plan. The Firm negotiates an asset purchase and sale agreement for pharmacy client. Russo Tumulty assists a client with a multi-million dollar settlement of complex litigation and advises a client on technical R&D and production contract.

2010: Clients rate Russo Tumulty 5.0 out of 5.0 on www.martindale.com. Russo Tumulty completes 1.6 MW and 560 kW solar PPAs projects, assists clients with negotiation of EPC agreements, and helps clients ink PPAs for 1.4 and 1.2 MW NJ solar project. The Firm files comments with the BPU on net metering and assists with electric and gas supplier licensing applications. Russo Tumulty assists client with long-term telecom equipment development and supply agreement. The Firm assists client in emergence from bankruptcy. Russo Tumulty assists solar clients with an RFP for 450 kW solar project, completes successful LOIs for 2.5 and 2.8 MW, multi-location solar contract and completes 1.9 MW PPA with Monmouth County. Russo Tumulty assists clients with commercial leasing needs and counsels client on corporate wind-down issues. Russo Tumulty counsels client on development of multiple 10 MW+ solar facilities, with SREC and interconnection issues.

2009 & Before: Russo Tumulty assists NJ client with PPAs, EPC and O&M agreements for 2 MW, 1.1 MW, and 460 kW solar systems in CA, CO and NJ. The Firm counsels clients on solar project RFP and on solar development and interconnection issues for proposed solar farm. Russo Tumulty files comments with the BPU on solar development, SRECs, reliability and interconnection. The Firm completes various multi-million-dollar project finance transactions for NJ solar electricity generation installations. Russo Tumulty completes business acquisitions and LLC formations, closes asset-based lending loan transactions, and assists investment banking firm with letters of intent and due diligence. The Firm closed SPE acquisitions and conduit financing transactions and assisted clients with private placement memoranda, sales and mortgaging of commercial properties for lenders and sureties, company formations, acquisitions and financings of various businesses, as well as energy, cable television, local exchange and interexchange telecommunication licensing, and energy deregulation matters.
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