Winston & Strawn Sponsors, Speaks at PACENation Summit 2025

Winston & Strawn was proud to sponsor PACENation Summit 2025 at the Citigroup Global Headquarters in New York City. The PACENation Summit is the flagship national and global conference for Property Assessed Clean Energy (PACE) financing professionals.

The event program included extensive in-depth learning opportunities, with Winston serving as the CLE accreditor for multiple panel sessions.

Pete Morgan, partner and Co-Chair of Winston’s Structured Finance and Esoteric Finance practices, was a featured speaker on the “Resolving PACE Delinquencies” panel on the first day of the conference.

Key takeaways 

1. PACE transactions need to be structured to address the possibility of a future delinquency but should not be overcomplicated by that risk.
2. Specifically, it is important not to overengineer the arrangement to undermine treatment of the PACE as an assessment.
3. Even if a delinquency does occur, it is still possible to have delinquent PACE payments made current, both in and out of an insolvency proceeding.
4. Current regulatory requirements of PACE programs have been variably successful in minimizing the likelihood of a PACE delinquency.

Structured Finance partners Francisco Flores and Sean Kelly also attended the conference.