Laura Sochat and Richard Acklam co-authored an article in the ninth edition of The Investment Treaty Arbitration Review titled “Considerations for the valuation of energy assets in international arbitration.” In this chapter, the authors discuss how the rapid and significant changes in the structure of the energy sector as a result of the recent energy crisis and societal action against climate change may impact asset valuation in an arbitration context, as well as the considerations arbitrators might have with regard to valuation evidence submitted to tribunals.
Nearly 100 utilities’ credit ratings downgraded since 2020 as wildfire risks grow
The article explains how nearly 100 utility companies have had their credit ratings downgraded since 2020 due to increased wildfire risks. This has made it...