Durham C. McCormick focuses his practice on tax structuring for renewable energy transactions, with a particular emphasis on production tax credits (PTC), investment tax credits (ITC) and Section 1603 Treasury Grants.
Durham’s renewable energy experience includes project developments, joint ownership arrangements, power purchase agreements, transmission agreements, turbine supply agreements, balance of plant contracts, financings, acquisitions, divestures and operational matters. He also has significant experience representing clients with their mergers and acquisitions, finance ventures, capital raises and general governance.
Over the course of his career, Durham has represented wind, solar and geothermal project developers, consumer-owned utilities, borrowers, real estate developers, and buyers and sellers of businesses.
Durham is licensed to practice in Texas, Washington and Oregon. He is also admitted to practice in U.S. Tax Court. Durham has a master’s of law in taxation from Georgetown University Law Center.
- Project counsel in connection with the development, financing and operation of a 99 MW wind electrical generation, including qualifying the project for the United States Treasury’s Section 1603 Grant program.
- Representation of co-energy purchaser in the first tax-equity finance structure in the U.S. using pre-paid power purchase agreements.
- Representation of consumer owned utility in connection with bond offering to fund twenty-year prepaid PPA and credit facility to fund investment in wind energy project.
- Georgetown University Law Center, LLM, Taxation, 2004
- University of Oregon School of Law, JD, 2003
- Willamette University, BS, Economics, 2000
- U.S. Tax Court
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