Energy Company; National
Roux provided due diligence support for a portfolio of 16 hydroelectric power plants across the eastern United States, located in New York, Vermont, Massachusetts, Connecticut, Rhode Island, and North Carolina. To assess the environmental risk associated with these properties, Roux conducted Phase I Environmental Site Assessments (ESAs). This process consisted of reviewing historical documents and environmental databases; interviewing key personnel familiar with each facility; making Freedom of Information Act requests to federal, state, and local regulatory agencies; and conducting in-person visual inspection of the sites.
Many of the sites have a long history of industrial operations. The Comtu Falls hydroelectric plant in Springfield, Vermont, for example, began operating as a wool mill and machine shop as early as 1884. Recent investigations at the Site revealed the presence of polychlorinated biphenyls and volatile organic compounds in building materials on-site. As part of this project, Roux determined that 12 out of the 16 properties within the portfolio had recognized environmental concerns that could negatively impact the environmental quality of the property. Roux completed all 16 Phase I ESA final reports in an expedited timeframe, allowing for the successful divestment of the portfolio.
Learn more about Energy and Insurance Support.
Due Diligence Support
Environmental Risk Assessment
Phase I ESAs