Power & Renewables
Companies involved in power generation face numerous hurdles, including low natural gas prices, slow growth in mature power generation markets, barriers to entry (both low and high), excess and idled plant capacity, reliance of renewable assets on supportive government policy incentives, global commoditization and economic natural gas alternatives, development of innovative technologies and entrance into new markets. The FTI Consulting Power & Renewables team provides a wide array of advisory services that address the strategic, financial, operational, technical, reputational, rate regulation, and capital needs of companies involved in utility-scale generation, including nuclear, thermal, solar, wind and biomass, among other emerging low-carbon clean technologies, as well as energy storage. We provide a one-stop solution to the needs of power generation and utility companies, their investors and other parties of interest.
Our Industry Services
With the ability to focus across the major elements of power and utility companies, our global team of highly experienced business transformation professionals provides an expert-driven partnership model to our clients. We are laser-focused on improving efficiency and effectiveness, executing with a balanced approach between short-term benefits and long-term strategic goals. We deploy best practices tailored to the industry dynamics of each client, focusing on the specific challenges that face power and utility companies and the opportunities that drive performance.
Our experts have represented utilities, investors and other clients involved in disputes relating to contractual issues, environmental liabilities and third-party agreements. These high-stakes assignments draw on our extensive knowledge of the operation of power markets, our technical understanding of generation operations, and our experience as energy economists and regulatory experts.
The success of a restructuring, merger, acquisition, carve-out, spin-off or divestiture depends on how quickly management voids can be filled once the transaction is completed. The seasoned energy professionals with C-level experience at FTI Consulting are prepared to fill the void when client companies face leadership, financial or operational challenges. Our C-level executives serve in the roles of chief executive officer, chief operating officer, chief financial officer, chief restructuring officer, controller and treasurer.
FTI Consulting professionals are well versed in the rules and regulations facing utility-scale generation owners in local, regional and international markets managed by various independent system operators and regulators across the world.
FTI Consulting specialists are actively advising a range of clients on how to navigate through the transition from conventional generation business to a cleaner, more efficient and nimble generation portfolio. We do this by identifying opportunities to maximize the options for existing generation portfolios, and designing and messaging strategic choices to meet evolving customer demands.
The power generation industry faces ongoing issues, for example, environmental pressures for fossil fuel plants and depressed power and capacity prices, requiring outreach to governmental and regulatory agencies to ensure that policy decisions work for our clients. The strategic communications specialists at FTI Consulting offer clients that expertise, creating and publishing policy and corporate positions appropriately tailored to various audiences, as well as developing communications and public affairs/community relations strategies that are reasoned and targeted.
FTI Consulting's experts have extensive experience in advising generation owners, private equity funds, institutional investors and utilities on potential acquisition, divestiture or winding down of conventional generation assets. We perform financial and commercial due diligence for both sell- and buy-side transactions; devise actionable investment theses to buy, sell or expand; provide valuation and cash flow modeling services; and undertake M&A screening to identify targets that will meet the business, financial and strategic goals of our clients.
Turnaround & Restructuring
The turnaround and restructuring experts within FTI Consulting’s Power & Renewables practice help management teams and lenders to distressed power and utility companies stabilize finances and operations in order to reassure all parties in interest that proactive steps are being taken to enhance value. Our deep expertise across the entire power and utility value chain allows us to quickly ascertain the key issues and to react immediately on behalf of our clients. For clients in crisis, the team develops liquidity forecasts, improves cash flow management, obtains additional financing, negotiates loan covenant waivers and guides complex debt restructuring.