Ted Gunther, CPA, leads CohnReznick’s Renewable Energy Industry practice in the Northeast and has over 25 years of public accounting experience where he has focused his career in the power & utility industry with a specialization in renewable energy. Ted provides assurance and accounting consulting services to both public and private companies across all major segments of the industry, including utilities, independent power producers, utility scale and commercial and industrial developers, corporate and foreign investors, and other clean tech businesses such as large-scale energy storage.
Ted has developed specialized industry expertise and routinely performs accounting consulting services where he advises clients on significant transactions and accounting issues impacting renewable energy investors and sponsors, such as accounting for power purchase agreements and other off-take arrangements (leases, derivatives, revenue recognition), partnership investments (consolidation and equity method investments), asset acquisitions and business combinations, debt and equity transactions, derivative financial instruments and embedded features, investment tax credits and incentives, and Hypothetical Liquidation at Book Value (HLBV) accounting that is commonly used in tax equity deal structures.
From Ted’s extensive experience of auditing private and public clients in the industry that span from start-up enterprises to well-established Fortune 500 companies, He has developed a deep industry knowledge and understanding of AICPA and PCAOB auditing standards, SOX compliance, and SEC financial reporting requirements.
During his career, Ted has led the integrated audits of several diversified Fortune 500 power & utility companies and spent two years in a Big Four national office where he advised his clients of the accounting models and financial reporting considerations associated with complex financial instrument transactions, including the accounting associated with debt and equity instruments, derivative and hedging transactions, and commodity contracts. He has authored guidance on the interpretation and implementation of accounting standards and financial reporting trends impacting power & utilities companies, which have been widely utilized in the industry. Ted has assisted organizations with financial due diligence efforts associated with potential targets and has led the purchase accounting efforts of several multi-billion dollar acquisitions, including transactions in the renewable energy industry. Ted has also led the historical carve out financial statement audits of multiple renewable energy project financing transactions where he has assisted companies with the complexities of SEC reporting and technical accounting positions.
B.S., Accounting, Pennsylvania State University
American Institute of Certified Public Accountants
Pennsylvania Institute of Certified Public Accountants
Penn State Brandywine, Advisory Board Member