Durham McCormick > McGuireWoods LLP > Houston, United States > Lawyer Profile

McGuireWoods LLP
JPMORGAN CHASE TOWER
600 TRAVIS STREET, SUITE 7500
HOUSTON, TX 77002-2906
TEXAS
United States

Career

Durham serves as co-lead of our renewable energy team. He 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 in deals aggregating well over 5,000 MWs. He also regularly writes and speaks on tax equity trends impacting the renewable energy industry.

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.

Lawyer Rankings

United States > Tax > US taxes: non-contentious

McGuireWoods LLP‘s non-contentious tax offering is particularly strong in the energy and private equity spaces. Practice head Gerald Thomas in Atlanta advises on public offerings and M&A across a wide range of industries, including private equity, healthcare, tech, energy, and real estate. Houston’s Durham McCormick focuses on the tax structuring of renewable energy transactions, with an emphasis on production tax credits, investment tax credits, and Section 1603 Treasury Grants. Craig Bell in Richmond offers state and local tax expertise, while Sabrina Conyers in Charlotte advises public and private corporations, investment banks, and private equity funds.

United States > Finance > Project finance

McGuireWoods LLP delivers astute project finance expertise amongst the wider M&A, development, and tax work that an array of infrastructure funds, energy operators, and utilities seek assistance with. Renewables continue to be the main focus of the group, with both onshore and offshore wind, solar, and associated battery storage facilities regularly at the fore. The practice is led by tax specialist Durham McCormick; Brian Kelly, whose practice balances M&A, project development, and project finance instructions; and Brennen Keene, who has been predominantly active on wind and solar projects over the past twelve months. Timothy Callahan has overseen a variety of financing structures in recent work highlights, including portfolio financings, collateralized construction-term financings, back-leveraged financings, and refinancings, for the most part in the renewables space. Doug Lamb has a far-reaching practice that sees him handle infrastructure and PPP mandates, commercial agreement negotiations and reviews, and project financing, including tax credit work. Keene and Lamb operate out of Richmond, whereas McCormick and Kelly sit in the Houston and Baltimore offices, respectively. Callahan is based in Chicago.

United States > Energy > Renewable/alternative power

As a go-to for energy project developers in the Southeast, McGuireWoods LLP frequently assists with the acquisition, development and construction of major projects in the region, with Dominion Energy among its regular clients. The practice is well versed in first-of-their-kind developments and financings, and assisting new participants in the renewable energy market. Three lawyers jointly lead the practice group: Richmond-based M&A specialist Michael Woodard and projects and real estate development expert Breenen Keene, and Durham McCormick in Houston, who is a key contact for tax matters relating to renewable energy projects. At the San Francisco office, Evelyn Kim counsels clients on development, financing, acquisition and sale of solar, wind, battery energy storage and biomass projects. A further name to note is Chicago-based projects partner Timothy Callahan.