05:19:43 EDT Fri 17 May 2024
Enter Symbol
or Name
USA
CA



Brookfield Infrastructure Partners LP
Symbol BIP
Shares Issued 458,643,058
Close 2023-06-14 C$ 49.09
Market Cap C$ 22,514,787,717
Recent Sedar Documents

Brookfield Infrastructure grants ArcLight NGPL interest

2023-06-15 12:03 ET - News Release

Mr. Lucius Taylor of ArcLight Capital reports

ARCLIGHT ACQUIRES AN INCREMENTAL INTEREST IN NATURAL GAS PIPELINE COMPANY OF AMERICA LLC FROM BROOKFIELD INFRASTRUCTURE

An affiliate of ArcLight Capital Partners LLC has acquired an incremental 12.5-per-cent interest in Natural Gas Pipeline Company of America LLC (NGPL) from Brookfield Infrastructure Partners LP. As a result of this transaction, ArcLight's ownership in NGPL increased to 37.5 per cent while Brookfield Infrastructure retains a 25-per-cent interest. Kinder Morgan Inc. continues to operate the pipeline and holds a 37.5-per-cent interest in NGPL.

"Our investment in NGPL continues to be highly representative of ArcLight's thesis in strategic natural gas infrastructure. NGPL provides critical energy reliability and security services to utilities, enables increasing electrification in the U.S., and supports the generational shift in supply-demand fundamentals driven by LNG export growth. In addition, we believe NGPL serves as a critical enabler to the future development of energy transition infrastructure. We are excited to further invest in our long-standing partnership with Kinder Morgan, a highly sophisticated operator with industry-leading ESG credentials," said Lucius Taylor, partner at ArcLight.

NGPL is the largest transporter of natural gas into the high-demand Chicago-area market as well as one of the largest interstate pipeline systems in the country. It is also a major transporter of natural gas to large liquefied natural gas (LNG) export facilities and other markets located on the Texas and Louisiana Gulf Coast. NGPL has approximately 9,100 miles of pipeline, more than one million compression horsepower and 288 billion cubic feet (Bcf) of working natural gas storage. NGPL provides its customers access to all major natural gas supply basins directly and through its numerous interconnects with intrastate and interstate pipeline systems.

About Brookfield Infrastructure Partners LP

Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, mid-stream and data sectors across North and South America, Asia Pacific, and Europe. Brookfield Infrastructure is focused on assets that generate stable cash flows and require minimal maintenance capital expenditures. Investors can access its portfolio either through Brookfield Infrastructure Partners, a Bermuda-based limited partnership, or Brookfield Infrastructure Corp., a Canadian corporation.

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