Tax Issues for Electric Utilities: Impact of Tax Reform, FERC Ratemaking, ADITs, and Other Key Challenges

Mr. Chenoweth is a partner and a member of the firm’s Tax, Private Equity and Energy and Infrastructure practice groups. He simplifies tax aspects of partnership and corporate M&A and joint venture transactions and capital markets activities.

Mr. Jakubiak is a member of Gibson Dunn’s Energy, Regulation and Litigation Practice Group. He counsels clients regarding a broad variety of matters at the Federal Energy Regulatory Commission (“FERC”). Holding a bachelor’s degree in quantitative economics, Mr. Jakubiak’s practice focuses on matters at the crossroads of law and economics, particularly electric company mergers and power sales, transmission rates, energy market manipulation, and the workings of energy markets. He has a deep understanding of the methodologies used by FERC to set returns on equity and to analyze generation market power, and has developed proprietary quantitative analytical tools that he uses to advise clients on electric asset transactions, market-based rate authorizations, and litigation risk.

Ms. Johnston is a national tax partner of EY America’s Power & Utilities Tax Practice serving clients, industry groups, regional teams throughout the US, Canada, Mexico to deliver sustainable value for tax operations. She has 28 years of energy sector experience in corporate tax, including experience leading tax efficient M&A strategies, legislative advocacy efforts, regulatory proceedings, audit settlement negotiations, tax operational effectiveness redesigns, and merger integration and divesture plans. Ms. Johnston serves investor-owned utilities and midstream companies on complex regulatory taxation matters impacting FERC and State Public Utility Commission proceedings, including serving as an expert tax witness.