Martha (Marty) Pugh is a Tax partner in the firm's Power practice group, working with our team of tax partners and associates who focus on energy transition tax credits, including production and investment tax credits for nuclear power, renewable power generation, energy storage, advanced manufacturing, green hydrogen, renewable fuels, and other projects. She has been heavily involved in developing opportunities arising out of the Inflation Reduction Act of 2022, including bonus credits and new tax credits. She counsels renewable energy clients on the structuring of acquisitions, dispositions, and joint ventures, and represents developers and investors in tax equity transactions and tax credit transfers.
Throughout her career, Marty has advised clients on federal income tax issues with a particular emphasis on the nuclear and energy industries. Marty helped clients seek and receive many private letter rulings and has extensive experience in tax policy including working with the IRS National Office and Treasury on energy industry issues and drafting legislative language for tax proposals.
Prior to joining the firm, Marty served as a partner at a global law firm based in its Washington, DC office, specializing in energy tax matters. She has represented companies in the nuclear, electric, and renewable energy industries throughout her career.
- Recognized by The Best Lawyers in America® for Energy Law in Washington, DC, 2026
- Recognized by The Legal 500 United States as a Recommended
Lawyer for
- Energy transactions: electric power, 2024
- Energy: renewable/alternative power, 2024
- Presenter, "Inflation Reduction Act Provisions Impacting Nuclear Energy," American Bar Association Nuclear Law Committee, 18 June 2024
- Presenter, "Budget Reconciliation: What's in It, What May Change, and Its Implications," North Bay Tax Directors, 10 June 2025
- Presenter, "Nuclear Tax Regulation and Production Credits," Nuclear Decommissioning Trust Fund Study Group 2024 Conference, 21 May 2024
- “Going Nuclear: Industry Outlook and Issues,” Pratt’s Energy Law Report, October 2025
- Co-author, Chapter 27 “The Prevailing Wage and Apprenticeship (PWA) Bonus Credit,” Chapter 32 “Transfers (Sales) to Monetize Energy Tax Credits,” Chapter 35 “The Rebirth of Nuclear Energy Project Restarts, Uprates, And the New Generation of Nuclear Power,” in Energy and Environmental Project Finance Law and Taxation, LexisNexis, June 2025
- Federal Government Releases Direct Pay Guidance on Clean Energy Tax Credits,” Pratt’s Energy Law Report, September 2024
- "New Clean Energy Tax Credit Rules Transfer Deal Risks to Buyers," Bloomberg Tax, 22 May 2024
- "New way of financing clean energy projects," Project Finance International (PFI), April 2024
- "Highlights of Section 48 Investment Tax Credit Proposed Regulations," Pratt’s Energy Law Report, March 2024
- "Recent Treasury Proposed Regulations’ Application to Qualified Offshore Wind Properties," Pratt’s Energy Law Report, March 2024
- "Wage Mandates Complicate IRS Renewable Energy Tax Credit Program," Bloomberg Tax, 27 September 2023
- Quoted, “Repeal or Not, Energy Credit Transfers Under Pressure at IRS” Tax Notes, 13 June 2025
- Quoted, “Green Energy Bonus Tax Credit Rules Spur Cottage Industry,” Bloomberg Law, 1 April 2024
- Quoted, “3 questions will shape Biden’s hydrogen plan,” E&E News, 4 January 2024
- IRS Energy Direct Pay Rules Take Some Projects 'Off the Table,' Bloomberg Tax, 30 June 2023
- Spotlight on Attorney and Energy Tax Specialist Martha Pugh, Bloomberg Tax, 19 May 2023
- 450 Women Partners Across Big Law Issue Call to Action Post-Dobbs, The American Lawyer, 27 June 2022
- Court Shift on Economic Substance May Favor Energy Deals, Law360, 27 July 2021
- Treasury Updates Nuclear Decommissioning Rules, Tax Notes, 4 September 2020
- IRS Largely Adopts Nuclear Decommissioning Rules, Bloomberg Law, 3 September 2020
- Final Nuclear Decommissioning Fund, Tax Notes, 6 December 2019
