Tony Ward is a Partner on the Utilities - Transaction Advisory Services with Ernst and Young (EY). Prior to joining EY in 2002, his 17 years’ experience with another Big 4 firm, included two years on secondment with Nuclear Electric plc’s nuclear fuel cycle and liabilities team. He is currently advisor to the UK government’s Energy Review with particular regard to new nuclear build. For the last 14 years he has been wholly focused on the power generation and utility sector, including responsibility for the audit of the UK’s Electricity Trading arrangement.
He has extensive sell-side and buy-side transactional experience in power generation and regulated power utility environment, UK and overseas, and policy and strategic advisory experience in power markets. He has also performed reviews of financial and commercial performance of power stations (gas, coal and nuclear), market-wide systems audits and Third Party Attestation assignments in deregulated markets as well as assessment and review of business processes and controls.
He has worked in due diligence on many nuclear related projects: in support of final round bid for the United Utilities Electricity business for Confidential Sovereign Wealth Fund (2007); Sovereign Wealth Funds and UK Bank consortia in the UK and Ireland; Mitsui & Co’s investment in International Power plc’s UK coal and gas power stations; and has advised on Constellation’s bid for the UK’s largest power station, Drax, as well as due diligence on acquisitions for companies such as E.ON, Bord na Mona, Damhead Creek and Eggborough Power Bank Syndicates (2002-05), British Energy, Damhead Creek CCGT and Scottish Power.