02 November 2016 I Deals and Cases

Bär & Karrer Advises Swissgrid in Proceeding Relating to Valuation Method of Grid Assets

In connection with transfer of the Swiss transmission network, the Swiss Federal Electricity Commission (ElCom) ruled on the valuation method used to determine the respective value of the transmission network installations. The closing of the complex transfer process was carried out by the former owners and the new owner Swissgrid as from 2013. A new ruling on the underlying valuation method for the installations was issued in October 2016. This will result in higher compensation for the former owners. Since Swissgrid is able to use the income from auctions to cover the allowable costs of the transmission system, it will be possible to avoid any tariff-increasing effect.

Bär & Karrer acts as Swiss legal advisor to Swissgrid. The team includes Phyllis Scholl, Thomas Stoltz and Michelle Merz.