McDermott Will & Emery
Madeline Chiampou Tully represents clients on federal income tax matters relating to taxable and tax-free mergers, acquisitions and divestitures, corporate restructurings and finance transactions. Within these areas, her tax practice focuses on energy tax issues, including advising on renewable energy transactions such as solar and wind projects.
Madeline's areas of practice include:
Renewable energy projects, including tax equity structures, refinancings, acquisitions and dispositions, restructurings and workouts. Madeline has extensive experience with respect to the production tax credit as it applies to wind, geothermal, biomass, hydro, waste, fuel cell and refined coal. She has worked extensively with the investment tax credit for renewable projects, including utility-scale solar facilities and residential solar portfolio projects. Recently, Madeline has worked with the many energy-related programs and legislation included in the American Recovery and Reinvestment Act of 2009
Mergers and acquisitions, including working with buyers and sellers of electric generation and gas facilities, as well as of businesses outside of the energy sector. Madeline provides advice on corporate, partnership and consolidated tax issues generally and those specifically related to electric generation businesses, including agreements for treatment of power purchases, tolling, fuel and renewable energy credits
New Markets Tax Credit projects, including assisting with transactions related to the use of the New Markets Tax Credit and the Section 1603 grant in lieu of the investment tax credit with respect to several renewable projects
Energy contract restructurings, including the modification, termination, sale, exchange and assumption of power purchase agreements, tolling agreements, fuel supply agreements and interconnect agreements
Other specific energy-related topics, such as federal tax issues related to contributions in aid of construction, the tax impact and treatment of grants and other energy subsidiaries, and depreciation issues