Strategy and the Role of Tax

I’m reading a book, Strategy That Works by Paul Leinwand and Cesare R. Mainardi ], because, of course, that’s what you do when you are semi-retired. As I read, I reflected on how strategy at most utility companies is directed at becoming more efficient and more effective operationally while finding a way to otherwise reduce costs to offset continuing customer rate pressure. The tax department’s role today generally has 2 components both related to cost savings: (1) deliver tax savings that lower tax expense for the company or tax costs recoverable in rates, and (2) deliver costs savings from operating more efficiently.

Vadim LantukhSeptember 30, 2024Lucasysstrategy, lucasys, lucasys tax, utility industry, regulatory changes, tax events, powertax

Dueling Proposals: Which Plan Will Transform America's Infrastructure?

In March, the Biden administration unveiled a $2.3 trillion infrastructure plan which included many proposals that specifically target the energy industry, including expanded renewable energy tax credits, mandates for utility system modernization, and transitioning the power sector to emissions-free electricity by 2035. Congressional Republicans responded by releasing a $568 billion counter-proposal which included a more limited scope of what qualifies as infrastructure. Since that time Biden has offered to cut his plan to $1.7 trillion, and Republicans have countered again with second counter-proposal of $928B.