How Extreme Weather Events Have Bankrupted Utility Players

September 25, 2023

Climate risk is difficult for large corporations to mitigate and is increasingly a C-suite agenda item.

In this article, experts from FTI Consulting’s Power, Renewables & Energy Transition (“PRET”) practice draw upon their experience in climate risk-related bankruptcy, dispute advisory, restructuring and resource strategies to summarize the regulatory, operational and financial impacts of recent extreme weather events on electric utilities. This article will discuss the implications of strengthening physical and financial asset performance in a rapidly evolving electric grid.