Troutman Sanders’ Nuclear Decommissioning Tax lawyers are widely recognized as leaders in the taxation of nuclear decommissioning trust funds. Our lawyers have worked closely with leading energy companies and trade associations, the Treasury Department, and the Joint Committee on Taxation on developing legislation and regulations in this highly specialized area of the tax law.
Lawyers in the group regularly develop, recommend and review tax planning strategies involving nuclear decommissioning trust funds. We have extensive experience advising clients regarding the acquisition and disposition of nuclear power plants and the associated transfers of nuclear decommissioning trust funds. We also have extensive experience advising clients on complex tax accounting issues pertaining to nuclear decommissioning trust funds as well as general tax planning issues implicating such funds. We regularly secure private letter rulings from the IRS and draft legal opinions on these issues. We also secure private letter rulings necessary for making scheduled annual contributions to qualified nuclear decommissioning trust funds and for making “pour over” contributions from nonqualified funds or other sources.
In addition, the Troutman Sanders Utility Tax team publishes the Washington Developments Tax Service newsletter, which provides up-to-the-minute reports on all utility-related tax issues, including nuclear decommissioning tax issues. Please contact Howard Cooper, (202) 274-2878,
, for more information on tax developments.