Utilities

BALLARAT WATER

Location

Australia: Victoria.

Acquired

August 2006

Funds

TIF

 

Ballarat Water owns six water-treatment plants in and around Ballarat in central Victoria. The plants provide water-treatment services to Central Highlands Water under a ‘Build-Own-Operate-Transfer’ contract, which expires in 2025.  The continuing upward trend in water consumption provides Ballarat Water with a positive outlook over the medium to long-term.

ELECTRANET

Location

Australia: South Australia.

Acquired

October 2003

Funds

UTA, TIF


ElectraNet operates and manages the regulated electricity transmission network throughout South Australia. It provides 5600 km of high-voltage, large-capacity connections between generators and the local distribution network, which ultimately delivers the electricity to end users. ElectraNet’s principal business, that accounts for more than 90% of the company’s revenues, is regulated by the Australian Energy Regulator. ElectraNet’s current regulatory period began on 1 July 2013 and will end on 30 June 2018. ElectraNet has a long-term lease over its assets expiring in 2200.

PHOENIX NATURAL GAS

Location

Northern Ireland: Belfast.

Acquired

August 2013

Funds

UTA


Phoenix Natural Gas is the largest gas-distribution company in Northern Ireland, providing gas to approximately 193,000 properties in the Greater Belfast and Larne regions. This represents a penetration rate of 60 percent of total available properties, which will continue to rise as natural gas replaces oil as the primary heating source. The asset is regulated by the Northern Ireland Authority for Utility Regulation.

SOUTH EAST WATER

Location

United Kingdom.

Acquired

February 2005

Funds

UTA


South East Water is the largest water-only company by regulated capital value in England and Wales. South East Water provides water to approximately 2.1 million people in the south of England. The asset is regulated by the United Kingdom water regulator Ofwat and operates under a perpetual licence.

SOUTHWEST GENERATION

Location

United States: California, Colorado and New Mexico.

Acquired

July 2008

Funds

UTA, TIF


Southwest Generation operates eight gas-fired power generation facilities in the United States, with facilities in California, Colorado and New Mexico. The portfolio currently has an aggregate capacity of 864 megawatts. Southwest Generation operates a mix of combined cycle and simple-cycle combustion turbine and natural gas-fired General Electric technologies. The majority of the capacity and energy generated by the portfolio is sold under mid-to-long-term power purchase agreements and tolling arrangements with high quality clients. 
 

SYDNEY DESALINATION PLANT

Location

Australia: Sydney; New South Wales.

Acquired

June 2012

Funds

UTA, TIF


Sydney Desalination Plant is one of the largest desalination plants in the world with a nameplate capacity of 250 megalitres per day. The plant is Sydney’s only non-rainfall dependent source of drinking water and can supply more than 15 percent of Sydney’s water needs when fully operational.  It is contracted to supply water to Sydney Water until 2062.

TRANSGRID

Location

Australia: New South Wales and Australian Capital Territory.

Acquired

December 2015

Funds

UTA


TransGrid operates the largest high-voltage electricity transmission network in Australia.  Stretching along the east coast of Australia from Queensland to Victoria, the network links the three most-populous states in Australia, facilitating interstate energy flows and forming the backbone of the National Electricty Market.  With 13,000km of high voltage transmission lines, 99 substations, 2,300km of optical fibre network and 123 radio towers, TransGrid performs a critical role in delivering electricity to approximately three million households and businesses across NSW and the ACT.