Philip (Phil) Tingle represents energy companies such as utilities, independent power producers and financial institutions on a wide range of energy tax-related matters. He is the global head of the Firm's Energy Advisory Practice Group.
Phil provides advice regarding all aspects of renewable-energy projects, including tax equity structures, refinancings, acquisitions and dispositions, restructurings and workouts. He has extensive experience with the production tax credit and with the application of renewable credits to new technologies. Moreover, he works with the investment tax credit for numerous kinds of solar projects. Phil has filed and received a number of private letter rulings on behalf of clients regarding the production tax credit.
Recently, Phil has worked on the many aspects of the American Recover and Reinvestment Act of 2009, including the tax implications of Section 1603 Grants, the State Energy Program Grants, and Energy Efficiency and Conservation Block Grants, the production tax credit conversion to an investment tax credit, the advanced energy credit and the sequestration credit. In addition, Phil works extensively with the Global Renewable Energy Group in the United States and internationally.
Phil also advises on the use of the New Markets Tax Credit and the Section 1603 Grant with respect to several renewable projects. He works with many buyers and sellers of electric generation and gas facilities on all aspects of mergers and acquisitions, and energy contract restructurings.
Phil regularly works on contribution in aid of construction, normalization, grants and other energy related topics. In addition, he is experienced in partnership taxation and works extensively on corporate and consolidated tax issues.
Philip Tingle is a partner in the law firm of McDermott Will & Emery LLP and is based in the Firm's Miami office. Phil’s national tax practice includes representing clients in restructuring, mergers and acquisitions, and other transactional energy related matters.
More Legal and Business Bylines From Philip Tingle
- IRS Provides Relief on Begin Construction Continuity Requirements - (Posted On Wednesday, June 30, 2021)
- The Energy Market in 2021: From Crisis to Opportunity | Legislative Update on Renewable Energy Tax Incentives [PODCAST] - (Posted On Thursday, June 03, 2021)
- Key Takeaways | The Energy Market in 2021: Legislative Update on Renewable Energy Tax Incentive - (Posted On Friday, May 21, 2021)
- Why 2030 is the New 2050 after the Leaders Climate Summit and What President Biden’s Accelerated Transition to a Sustainable Economy Means for Renewables Developers, Investors and Corporates - (Posted On Wednesday, April 28, 2021)
- Senate Democrats Propose Overhaul of Clean Energy Incentives - (Posted On Friday, April 23, 2021)
- The Energy Market in 2021: From Crisis to Opportunity | Tax Credit for Carbon Capture Products [VIDEO] - (Posted On Thursday, April 01, 2021)
- Powerline Connections: Navigating Potential Project Delays [PODCAST] - (Posted On Wednesday, March 17, 2021)
- IRS Provides Relief for Offshore Wind and Federal Land Projects - (Posted On Wednesday, January 06, 2021)
- COVID-19 Stimulus Bill Includes Key Renewable Energy Tax Credits - (Posted On Monday, December 28, 2020)
- Utility Acquisition of Renewable Projects [WEBINAR] - (Posted On Wednesday, December 23, 2020)