Forensic Accounting

Energy Damages

J.S. Held Acquires Stapleton Group & Launches Strategic Advisory Practice

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Forensic accountants with specialized knowledge and expertise in energy-related matters.

Our energy industry experience spans traditional and renewable power generation, oil & gas, mid-stream operations, chemical & petrochemical, and alternative fuels.

We evaluate and quantify energy-related damages for first-party property insurance claims, commercial litigation, and subrogation – advising on matters that arise during construction or disrupt day-to-day business operations.    

Through our combined forensic accounting expertise and energy industry experience, we deliver expert analysis of different factors impacting damages quantification, such as capacity payment arrangements, purchase price agreements, linear programming models, hedging agreements, production tax credits, and investment tax credits.

Our Services
  • Business Interruption Claims Analysis
  • Capacity & Generation Forecast Assessments
  • Contingent Business Interruption Analysis
  • Delay in Start-Up (DSU) Analysis
  • Energy Market Conditions Research
  • Expert Testimony & Litigation Support
  • Extra Expense Evaluation & Quantification
  • Subrogation Support
  • Property Damage Quantification
Traditional Power Generation

We are experienced in measuring losses in traditional power generation facilities, typically those powered by fossil fuels. In addition, we are intimately familiar with facilities operating under Power Purchase Agreements (PPA), in merchant marketplaces, and in ancillary service and capacity monetization schemes. We advise on matters involving:

  • Natural Gas, Coal & Diesel-Fired Power Plants
  • Steam Turbine Generators
  • Co-Generation Facilities
Oil & Gas

Our experts have extensive experience measuring damages, including business interruption, incremental expense, and inventory loss across the oil & gas industry. Industry segments we serve include:

  • Oil & Gas Exploration & Production – measuring losses due to equipment failures or incidents at well sites.
  • Midstream | Transportation & Storage – quantifying losses associated with outages of pipelines, incidents at tank farms, and contingent losses due to customer outages.
  • Oil Refining – measuring losses based upon historical data and Linear Program Modeling during full refinery shutdowns and individual unit shutdowns. 
  • Natural Gas Processing – measuring losses occurring during natural gas processing, including oil/condensate removal, natural gas liquids (NGL) extraction, sour gas treating, and fractionation.
Renewable Power Generation

Our forensic accountants deliver expertise to a wide range of clients in the renewable energy industry.  We are frequently engaged to measure business interruption and contingent business interruption losses, expense to reduce losses and extra expense claims, and Delay in Start-Up (DSU) and Advance Loss of Profit (ALOP).

Our experts are well versed on the impact of these claims on tax credits, including loss of production tax credits (both before and after the implementation of the Inflation Reduction Act of 2022) and Investment Tax Credit recapture provisions.

We quantify damages to renewable power facilities and their assets in a wide range of matters including:

  • Solar Power 
    • Hailstorms
    • Wildfire
    • Flood
    • Transformer Failures
    • Construction Delays
    • Tracker / System Underperformance Issues
  • Wind Power / Wind Farms
    • Lighting Strikes
    • Transformer / Transmission Line Failures
    • Gearbox Failures
    • Construction Delays
  • Battery Energy Storage Systems (BESS)
    • Fires
    • Water Intrusion
    • Faulty Workmanship 
  • Biomass Facilities
  • Geothermal Power
  • Hydroelectric Power
Chemicals & Petrochemicals

Our forensic accounting experts quantify damages in matters related to the chemical and petrochemical industry for commercial insurance claims, litigation, and subrogation.

We have extensive experience calculating business interruption losses and extra expense at highly-complex, integrated chemical facilities, as well as conducting specialized analysis related to the interdependencies of product groups produced in chemical and petrochemical plants.

Ethanol & Alternative Fuels

We provide damage quantification to insurance professionals and legal counsel regarding losses in the ethanol and alternative fuels sector. We are experienced in calculating business interruption and extra expense losses at plants internationally, and conduct analysis of energy yields and the impact of damage to specific equipment on yields resulting from an incident or peril.

 
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