The Tennessee Energy Acquisition Corporation (“TEAC”) Gas Project Revenue Bonds, Series 2006C, issued in the amount of $1,060,220,000 for a 20 year prepaid natural gas acquisition. The Firm served in the role of Counsel to the Underwriters. The Bonds were issued to finance the costs of acquisition of the gas project, which consists of a prepayment for a 20 year supply of natural gas under the pre-paid gas purchase agreement between The Tennessee Energy Acquisition Corporation and J. Aron & Company.

In the Fall of 2005, the FedExForum, home of the NBA Grizzlies Basketball Team was opened. The Firm served in various capacities with the development of the FedExForum initially serving on the financing team which issued the tax-exempt bonds as counsel to Goldman Sachs & Co. and other investment banking firms. Thereafter, the Firm served as Special Counsel to the Shelby County Government regarding contentious issues surrounding the lack of minority and women business enterprise (M/WBE) participation, and later as General Counsel to the New Memphis Arena Public Building Authority (PBA). Following the unexpected death of David Bennett, PBA Executive Director, Attorney Carpenter served as Acting Executive Director of the PBA interfacing with elected officials at the state, county and city levels and managed the finalization and winding up of construction claims and lawsuits through the PBA’s owner controlled insurance program. The over $206 Million construction budget for the FedExForum was the largest public project ever undertaken by the City and County governments and was concluded on-time and within budget while achieving an historic 25% M/WBE participation and over 60% local participation.