David LaCerte
The data on this page comes from a financial disclosure filed by David LaCerte, who was picked to be: Commissioner, Federal Energy Regulatory Commission. It is part of a collection of thousands of ethics documents ProPublica has been collecting from across the Trump administration.
Roles Outside Government
Officials are required to disclose paid or unpaid positions they hold or recently held outside the federal government, including roles as officer, director, trustee or employee. (Form 278e, Part 1)
Employment Assets
Officials are required to disclose assets associated with their employment, including salary, retirement accounts, stocks, intellectual property and awards or prizes. (Form 278e, Part 2)
| Description | Value | Income | Income Type | Endnote | Line No. |
|---|---|---|---|---|---|
| Baker Botts, LLP | $551K | Salary | 1 | ||
| Baker Botts, LLP 401(k) | 2 | ||||
| Vanguard Value Index Fund Institutional Shares (VIVIX) | $50,001 - $100K | None (or less than $201) | 2.1 | ||
| Vanguard Growth Index Fund Institutional Class Shares (VIGIX) | $50,001 - $100K | None (or less than $201) | 2.2 | ||
| Louisiana State Employees’ Retirement System, defined benefit plan (value not readily ascertainable): $1,205.68/month effective 2039 | None (or less than $201) | 3 |
Employment Agreements
Officials are required to disclose agreements relating to other jobs, including what will happen with any small businesses they own during government service and any continued health care coverage, planned leaves of absence, severance or bonuses. (Form 278e, Part 3)
| Organization | Agreement | Endnote | Line No. |
|---|---|---|---|
| Baker Botts, LLP | I will continue to participate in this defined contribution plan. The plan sponsor will not make further contributions after my separation. (2023-01-01) | 1 | |
| Louisiana State Employees’ Retirement System | I will continue to participate in this defined benefit plan. (2010-08-01) | 2 |
Compensation
Officials are required to disclose the sources of any compensation above $5,000 in a year. (Form 278e, Part 4)
| Organization | Description | Endnote | Line No. |
|---|---|---|---|
| Baker Botts, LLP | Special Counsel at this firm | 1 | |
| Deer Park Refining Limited Partnership | Legal services (client of Baker Botts, LLP) | 2 | |
| bp America Inc. | Legal services (client of Baker Botts, LLP) | 3 | |
| Cuisine Solutions, Inc. | Legal services (client of Baker Botts, LLP) | 4 | |
| Repsol LNG Holding, S.A. | Legal services (client of Baker Botts, LLP) | 5 | |
| Intercontinental Terminals Company LLC | Legal services (client of Baker Botts, LLP) | 6 | |
| Paystar | Legal services (client of Baker Botts, LLP) | 7 | |
| Halliburton Energy Services, Inc. | Legal services (client of Baker Botts, LLP) | 8 | |
| ONEOK, Inc. | Legal services (client of Baker Botts, LLP) | 9 | |
| Texas Industry Project | Legal services (client of Baker Botts, LLP) | 10 | |
| HF Sinclair Corporation | Legal services (client of Baker Botts, LLP) | 11 | |
| Georgia-Pacific LLC | Legal services (client of Baker Botts, LLP) | 12 | |
| Liberty Media Corporation | Legal services (client of Baker Botts, LLP) | 13 | |
| Flint Hills Resources LLC | Legal services (client of Baker Botts, LLP) | 14 | |
| Galp Energia SGPS SA | Legal services (client of Baker Botts, LLP) | 15 | |
| Waste Management, Inc. | Legal services (client of Baker Botts, LLP) | 16 | |
| Optimum Energy LLC | Legal services (client of Baker Botts, LLP) | 17 | |
| SOUTHERN COMPANY | Legal services (client of Baker Botts, LLP) | 18 | |
| Huntsman International LLC | Legal services (client of Baker Botts, LLP) | 19 | |
| TPC Group, Inc. | Legal services (client of Baker Botts, LLP) | 20 | |
| BioLab, Inc. | Legal services (client of Baker Botts, LLP) | 21 | |
| Formosa Plastics Corporation, U.S.A. | Legal services (client of Baker Botts, LLP) | 22 | |
| Helix Energy Solutions Group, Inc. | Legal services (client of Baker Botts, LLP) | 23 | |
| Koch Industries, Inc. | Legal services (client of Baker Botts, LLP) | 24 | |
| PHILLIPS 66 | Legal services (client of Baker Botts, LLP) | 25 |
Spouse’s Assets
Officials are required to disclose their spouse’s assets, including salary and retirement accounts worth more than $1,000. (Form 278e, Part 5)
Other Assets and Income
Officials are required to disclose other assets and sources of investment income belonging to them, their spouse or their dependent children. These include annuities, bonds, cash, college savings plans, farms, precious metals, real estate, stocks, trusts and wills. (Form 278e, Part 6)
Liabilities
Officials are required to disclose their liabilities totaling more than $10,000, as well as any linked to their spouse or dependent children. These include mortgages, credit card debt and student loans. The interest rates and loan repayment terms are also required. (Form 278e, Part 8)
| Creditor | Description | Endnote | Line No. |
|---|---|---|---|
| GMFS Mortgage | type: Mortgage (investment/rent al property), amount: $250,001 - $500,000, year-incurred: 2020, rate: 3.75, term: 30yr | 1 | |
| Higher Education Servicing Corporation | type: Student Loan, amount: $15,001 - $50,000, year-incurred: 2005, rate: 6.66-8.5, term: 30yr | The year incurred ranges from 2005 to 2008. | 2 |
| aidvantage | type: Student Loan, amount: $15,001 - $50,000, year-incurred: 2015, rate: 5.31-5.84, term: 22yr | The year incurred ranges from 2015 to 2016. | 3 |
About the Data
Most political appointees and senior officials in the executive branch are required by law to file public financial disclosure reports. These are documents that detail their financial holdings, positions they hold outside government, their spouse’s holdings, their liabilities and their recent financial transactions (such as buying or selling stock) during a defined reporting period.
The most senior officials file their disclosures with an agency called the Office of Government Ethics, and others file them with a designated ethics official within their agency. The Ethics in Government Act allows members of the public and the press to request these documents.
We’re publishing this information to give the public an important glimpse into the financial ties of a powerful and often hidden cadre of presidential appointees within the federal bureaucracy.
The main document type included in the database is the OGE Form 278e, which appointees must file when they are nominated (for Senate-confirmed appointees) or when they enter government (all others), and then annually while in the position. Another common document included is the OGE Form 278-T, also known as a periodic transaction report, which all public filers must submit within 30 days of a transaction. We are also making other ethics documents available, such as ethics agreements, certificates of divestiture and other documents we have obtained under the Ethics in Government Act.
