Power
Location: Puerto Rico
Scope of Engagement:
- Fire damage to a high capacity combustion turbine installation;
- Measurement of extra expense resulting from the utilization of excess capacity available within the insured’s system.
- In excess of US$100 million
- Recreated the insured’s logarithm planning model in order to calculate extra expense from increased generation at alternate facilities;
- Worked closely with transmission and distribution expert in order to ensure that the recreated model obeyed the system operating criteria;
- Considered a 24-month indemnity period.
Location: La Paz, Bolivia
Scope of Engagement:
- Flood damage to 3 large hydroelectric plants in Bolivia;
- Measurement of business interruption loss resulting from lost gross profit.
- In excess of US$300,000
- Determined loss of sales from both capacity and dispatch payments;
- Worked closely with a climatologist in order to accurately estimate capacity, but for the loss, directly correlated to precipitation levels;
- Applied wording from a power purchase agreement based on median Bolivian Market prices in order to accurately quantify the loss.