Todd Fowler

Todd Fowler is the Audit Sector Leader for Power and Utilities practice at KPMG US.  He is and Audit Partner based in the New York office and has extensive experience serving both the industrial markets and power and utilities industries. He has strong international experience working with large multinational SEC audit clients.  He has worked extensively over his career with independent power producers, renewable energy companies, regulated municipal and investor-owned utilities.

Professional and industry experience

Todd has substantial experience leading and coordinating large multinational audit engagements. His audit experience ranges from SEC filings of foreign and domestic filers, carve-out financial statement audits, public debt offerings, FERC reporting requirements and IFRS conversions. His experience includes:

• Three years of international experience with KPMG in Germany, serving one of KPMG’s largest clients worldwide
• KPMG financial derivative resource
• Overseeing the audit and review of SEC filings (10-K, 10-Q, 20-F, 6-K, S-8, 144A)
• Directing the audit of the IFRS conversion for a large foreign private issuer
• Providing U.S. GAAP, IFRS, and SEC advisory support on complex transactions to clients as well as KPMG engagement teams worldwide
• Managing the design and execution of audit procedures to evaluate clients initial compliance with the Sarbanes-Oxley Act section 404
• Leading the comfort letter process for various multibillion-dollar debt offerings listed on both foreign and domestic exchanges
• Responsible for the audits of various multibillion dollar power producers and electric utilities in the New York/New England region
• Experience assisting a portfolio of energy clients with attestation and agreed upon procedures reports in connection with the American Recovery and Reinvestment Act Section 1603 government grant program for renewable energy projects
• Presenting to industry groups such as Edison Electric Institute, American Gas Association, and American Council on Renewable Energy

Contributing Author:

• The Wild West of Renewables: Three Things to Know Before Transferring Energy Tax Credits
• The Wild West of Renewables: Supply chain constraints, inflationary pressures and increased financing costs pose challenges for monetizing energy tax credits
• Financial reporting amidst economic uncertainty: Considerations for renewables companies
• The Wild West of Renewables: Accounting for energy tax credits
• Hot Topic: ERCOT Financings: Texas legislation provides relief to power companies from financial effects of Winter Storm Uri  
• The Wild West of Renewables: What New Entrants to the Market Should Know
• Powering the Future: The COVID 19 outbreak has presented power and utility leaders with a unique opportunity to rebrand the industry as an uber-essential service

Technical skills:

IFRS Level A accredited, Financial Derivative Resource