Pacolet Milliken Names Two Energy and Infrastructure Executives

Pacolet Milliken Enterprises, Inc. announces the addition of two senior members to its Energy and Infrastructure Division: Ralph Walker as the Senior Vice President of Energy, and William D. Falls as the division’s Chief Financial Officer.

As Senior Vice President of Pacolet Milliken’s Energy Division, Walker is responsible for strategic planning, business development, capital investment, and overall corporate management. Pacolet Milliken develops and owns high quality, low cost, energy-efficiency related projects and renewable energy facilities. Walker’s responsibilities also include oversight of Lockhart Power Company, an investor-owned public utility located in five Upstate counties of South Carolina.

Walker has over twenty-nine years’ experience as president of an independent power producing company. Prior to joining Pacolet Milliken, Walker founded Peregrine Energy Corporation, which invested in various industrial utility infrastructures, including natural gas-fired steam generation systems, coal-fired cogeneration facilities, process water plants, chiller plants and air compressor stations, along with various emission control systems and components of electrical distribution systems. Walker previously established Aquenergy Systems, Inc. in 1982, which became the leading developer, owner, and operator of independent hydroelectric projects in the southeast region.

Walker is a member of the Association of Energy Engineers and is recognized as a Certified Cogeneration Professional.

As CFO for Pacolet Milliken’s Energy and Infrastructure Division, William Falls’ responsibilities include negotiating and structuring energy investments, arranging project finance capital, developing financial models and pricing, and developing and monitoring of project cost controls and procedures. He serves as the primary liaison with the various state and federal renewable energy councils, organizations and government entities. He is active in helping shape renewable energy policy and the benefits to promote its development.

Prior to joining Pacolet Milliken, Falls served as CFO of Peregrine Energy Corporation, where he developed and implemented strategic business plans across multiple business lines, developed and monitored financial budgets and forecasts, negotiated and structured project contracts and supervised accounting and administrative personnel. Before joining Peregrine, Falls served as controller for Insignia Properties Trust, where he coordinated all of the financial report requirements and provided oversight of the financial and accounting operations of Insignia’s Real Estate Investment Trust, which consisted of investments in 350 properties containing residential and commercial space with a total value of $1.5 billion. Prior to his employment with Insignia, he served as a senior auditor with Ernst & Young LLP, where he concentrated in the manufacturing industry.

About Pacolet Milliken Enterprises, Inc.
Pacolet Milliken Enterprises, Inc. is a private, family-owned investment company founded in 2007 by Roger Milliken of Milliken & Company with the forward-looking mandate to preserve and grow its assets with a bias for quality and a multi-generational outlook. Pacolet Milliken’s four business units consist of energy and infrastructure; income property in world capital cities; income property in the southeast United States; and undeveloped land and forestry. For more information, please visit

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