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Mickelson & Company Successfully Advises 45G Transactions for the Fifth Consecutive Year March 1, 2010 With a lot of hard work and a little bit of luck, Mickelson & Company has quietly become a leading advisory firm in the 45G tax credit arena. Mickelson & Company's work with 45G tax credit assignments began in the fall of 2005 with one client consisting of two Class II railroads. In 2009, Mickelson & Company engaged 10 new railroad groups, and now represents over 160 short-line railroads across the United States. Since 2005, Mickelson & Company has arranged 45G tax credit transactions totaling over $200 million in assigned tax credits in the aggregate. Mickelson & Company’s clients’ railroads serve important communities and industries in over forty states and critical track improvements funded as a result of these transactions has totaled over $400 million since 2005. The expertise Mickelson & Company provides involves the identification of eligible taxpayers (shippers and rail-related supplies), advice on the assignment features and potential assignment economics, and its experience with the assignment documentation. Mickelson & Company advises the City of Sioux Falls in Sale of Landfill Carbon Offsets
February 1, 2010 Sioux Falls, SD Through the consulting services of Mickelson & Company, LLC, the city of Sioux Falls sold its "carbon offsets" from 2007 and 2008 to TerraPass, a San Francisco-based company that trades in environmental incentives and carbon offsets. The sale of carbon offsets resulted in over $500,000 in proceeds to the city, which has allowed for continued investment in their landfill gas collection project. The city self-developed a landfill gas (LFG) collection system in 2006, and in 2009 completed the construction of an 11-mile pipeline project. The city owned and operated facility captures, cleans, and pipes landfill gas for energy utilization to POET Biorefining Chancellor. Through revenue from LFG sales and the associated environmental incentives, the project is expected to pay for itself in four years. Recently, the U.S. Environmental Protection Agency’s (EPA) Landfill Methane Outreach Program (LMOP) recognized the Sioux Falls Landfill and POET Landfill Gas Pipeline Project as its 2009 LMOP Project of the Year.
Mickelson & Company’s 45G Tax Credit Expertise Contributes to Successful Railroad Track Maintenance Projects January 1, 2009 Mickelson & Company recently advised and structured multiple 45G tax credit transactions totaling $45 million in the aggregate in 2008. The tax credit transactions contributed to the successful implementation of railroad track improvement projects across the United States. Mickelson & Company's role included the identification of appropriate counter-parties (i.e. eligible taxpayers - shippers and rail-related suppliers), advice on the potential economics of an assignment transaction, and experience with assignment documentation. Mickelson & Company’s advisory work on 45G tax credit assignments began in the fall of 2005 with one client consisting of two Class II railroads. Mickelson’s 45G advisory practice has achieved steady growth and now consists of client railroads in over thirty states throughout the U.S. Mickelson & Company Launches New Line of Business
April 26, 2008
Sioux Falls, SD
Anticipated federal law regulating greenhouse gas emissions is expected to propel the environmental incentives market in the United States. Mickelson & Company has recently launched a new line of business and has hired Ryan T. Pidde as the Director of Environmental Incentives and Energy. Mr. Pidde was formerly a business development representative for the State of South Dakota focusing on the energy industry and is a graduate of the University of South Dakota Business School and a native of Freeman, SD.
As a part of this new line of business, Mickelson & Company has begun offering carbon credit aggregation services to eligible agricultural operators and is advising municipalities and industrial companies on revenue opportunities associated with certain environmentally friendly business practices.
Mickelson & Company is also a recent member of the Chicago Climate Exchange. 2007 Railroad Track Improvements aided by 45G Tax Credit Assignments December 31, 2007 Our clients’ railroads serve important communities and industries in over thirty states and critical track improvements funded as a result of these transactions totaled over $90 million in 2007. Mickelson & Company's advisory work on 45G tax credit assignments began in the fall of 2005 with one client consisting of two Class II railroads.
Mickelson and Company Brokers 45G Tax Credit for Pan Am Railways May 2007 Real Estate Development--Jansmick Land Investments, LLC May 2007
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