PG&E Generating is a national energy provider that owns and operates merchant generating plants across the country.
Anderson Economic Group assisted PG&E by conducting an economic assessment of a proposed development site. The assessment was used by PG&E, as well as the local community, to secure a tax free Renaissance Zone designation for the site. Furthermore, we provided a sophisticated analysis of the likely property tax burden on the $500 million project. We created a simulation model to project tax burdens under various scenarios, and identified specific strategies to minimize tax costs. We also identified tax levies that were outside legal limits.
Finally, we assisted PG&E in identifying the proper structure for a $1 million contribution to aid the citizens of the local area, given state and federal laws regarding tax-exempt organizations, and eligibility for state tax credits.