Publication | October 23, 2018
Howard Seife was featured in a recent “Currents” podcast speaking on what happens when a power purchaser files for bankruptcy, using the recent Chapter 11 filing by First Energy Solutions as a case study. As more power projects are financed based on projected cash flows from corporate PPAs, Mr. Seife discussed the credit risks IPPs may be presented with by a potential bankruptcy of their counterparty.
The NSW Government has recently released the consultation draft Building and Construction Industry Security of Payment Regulation 2020 (Proposed Regulation). Subject to the public consultation process, the Proposed Regulation will commence on 1 September 2020 (with a transitional period for some reforms).
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