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Chapman and Cutler LLP's Investor-Owned Utilities Group (within the Public Finance Department) serves as bond counsel, underwriter's counsel and company counsel to many investor-owned utilities in the tax-exempt financing of "exempt facilities" throughout the United States on hundreds of millions of dollars of tax-exempt financings each year. We help these utilities lower their borrowing costs and secure long-term financing for qualifying capital projects.

Investor-owned utilities turn to Chapman and Cutler for help with their complex tax-exempt bond issues.

Using our collective experience, firm attorneys have helped investor-owned utility clients finance pollution control facilities, solid waste disposal facilities, sewage facilities and facilities for the local furnishing of electricity, gas and water through the issuance of fixed, variable and auction rate securities issued on their behalf by governmental entities.

The obligations of the utilities to pay debt service on these securities are often secured by first mortgage bonds, bond insurance and letters of credit. Chapman and Cutler attorneys assist their utility clients in drafting, reviewing and analyzing all related security documentation in order to make their transactions as effortless as possible.