Timothy Sorrells is Vice President, Tax of Bluescape Energy Partners and Senior Tax Manager of Bluescape Resources Company. In this capacity, Sorrells oversees tax compliance at the federal and state levels for both Bluescape’s activities and for Bluescape’s ownership in Parallel. Sorrells will also provide tax support to Bluescape Energy Partners’ ongoing investing activities.
Prior to this position, Sorrells was lead Tax Partner in a local public accounting firm where he advised individuals and small business clients in planning and compliance of their federal and state income tax obligations. Previously, Sorrells spent seven years at TXU, now known as Energy Future Holdings, in various positions within the Tax Accounting and Tax Compliance groups, the last year as manager of the Federal Income Tax Compliance group. He provided tax compliance and tax basis support for the $2 billion sale of a regulated gas segment and the $500 million sale of a pipeline segment. Sorrells developed tax strategies that realized more than $15 million in NPV tax savings. He also served as the tax witness coordinator for the gas rate case that was presented before the Texas Railroad Commission. Before joining TXU, Sorrells held various positions in a public accounting firm in the Texas panhandle for 16 years, advising clients in the tax and accounting aspects of their farming, ranching, oil and gas, and small businesses.
Sorrells obtained a bachelor of business administration in accounting from Texas Tech University and is a Certified Public Accountant and member of the AICPA and Texas Society of CPAs.