TaxConnections


Steven Schmoll

Tax Director

NextEra Energy Resources, LLC
Juno Beach, Florida, USA

Renewable Energy Developer

Professional Summary

Tax Attorney with 12 years of experience in sophisticated corporate and partnership tax planning, private equity tax M&A, and tax modeling for transactions.

Strength identifying issues for M&A transactions, thorough analysis and modeling of transactions, especially anything and everything relating to partnership tax. I have led the Tax M&A process for a public company (NEP) the last 3+ years and participated in seven acquisitions and one billion dollar disposition. In my prior role, analyzed transactions for a large private equity firm and was intricately involved with a name-brand consumer product as it negotiated a cash infusion.

Develop a deep understanding of the business drivers (i.e., GAAP P&L v. adjusted earnings v. cash tax) of tax structuring to help company achieve its annual P&L and cash tax savings goals.

Advised on the disposition of a large Canadian asset portfolio, and identified a planning technique that saved more than $65 MM of Canadian withholding tax.

Negotiated a reduction in the rate of return for a preferred equity investment in exchange for agreeing to forego a tax basis step up (for which the company ascribed little value.

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Languages

  • English

Industry Experience

    • Private Equity
    • Partnerships
    • Renewable Energy

Interests/Hobbies

  • Golf
  • Tennis
  • Vikings

Social Media



Experience

NextEra Energy Resources, LLC
Juno Beach, Florida, USA 33408
Tax Director
Renewable Energy Developer
2015 - Present
Tax lead for all NEP (a publicly-traded "YieldCo") tax planning initiatives

Tax M&A lead for asset acquisitions and dispositions of renewable assets (wind, solar, battery), including annual asset acquisitions plus a recent $1.271 B disposition of Canadian assets

Assess tens of potential acquisitions and dispositions annually

Tax lead for a variety of financings (preferred equity, convertible debt, recent innovative JV structure with BlackRock)

Modeling lead for all partnership tax forecast activities

Single point of accountability for all corporate and international tax planning

Partnership tax expert for closing more than 1 GW in tax equity financing for both greenfield and repower transactions

Lead team of four direct reports in support of all greenfield and brownfield development

Six Sigma Yellow Belt for developing Tax Planning Process Improvement
EY National Tax Office - Partnerships
Washington, District of Columbia, USA 20005
Senior Manager
Accounting Firm
2010 - 2015
Primary focus on partnership tax

Tax planning experience includes significant exposure to private equity transactions

Represented both acquiring firms and a company in need of investment

Also focused on renewable energy transactions, MLPs, international tax and corporate tax


Researched and analyzed complex issues in connection with a wide variety of transactions

Developed financial models to determine the quantitative implications of various structures

Analyzed tax policy trends, issues, and implications from proposed and enacted legislation, administrative guidance, and court decisions

Led and managed multiple, concurrent structuring and implementation projects
IRS Office of Chief Counsel
Washington, USA 22304
Docket Attorney
Government Agency
2006 - 2009
Researched and wrote published guidance on partnerships, S corporations, and trusts

Analyzed proposed legislation for partnership tax issues, particularly the various carried interest proposals floating around back then

Assisted IRS field offices with litigation on partnership tax issues

Education

LLM, Tax 2008
New York University
New York, New York, United States
JD2006
University of Minnesota Law School
Minneapolis, Minnesota, United States
Cum Laude
BS, Finance 2003
University of Southern California
Los AngelesUnited States
Marshall Honors Program

Full Tuition Trustee Scholar

Professional Certifications

State Bar of MN
Active
2007

Bar Admissions

Minnesota
Active
2007

Florida In-House Counsel
Active
2017


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