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FINANCIAL AUDITS -
Our firm has a team of professionals
who participate in financial statement audits of over 40
energy-related companies on an annual basis, including
over 20 independent power companies. Our experience also
includes providing assistance with fair value matters
including identification of intangible assets, purchase
price allocation and impairment analysis.
TAX -
Our energy team also has a depth of
experience in tax planning for various energy related
projects, as well as tax consulting (such as sales tax,
property tax, and asset unitization/componentization).
Such experience includes:
- Tax planning for domestic and
international power plant development projects
including issues involving Federal, State and foreign
income taxes, property taxes, sales taxes and other
miscellaneous taxes.
- Tax planning and compliance for
operating power projects including multi-state issues
and application of IRC Section 704(b) rules for large
complex limited partnerships ranging in size from $5
million to $250 million in assets.
- Tax planning and compliance for a
former subsidiary of a local utility company and its
25 subsidiaries.
- Evaluating transactional issues
associated with power contract restructuring and
buyouts, sales of partnership interest and debt
workouts for troubled projects.
OTHER SERVICES -
Our energy team also has experience in
the following areas:
- Restructuring of power contracts
- Buy-outs of power contracts
- Reviewing project documents and
economic models
- Participating in the bid
formulation and evaluating financial feasibility of
potential acquisitions (both foreign and domestic)
- Organization structuring
- Troubled debt work-outs
With FMF&E, you have unlimited access
to national accounting firm resources via our membership
in the The McGladrey Alliance.
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