Brookfield Infrastructure Partners LP BIP.PR.B

Primary Symbol: BIP Alternate Symbol(s): T.BIP.PR.A | BRIPF | T.BIP.PR.B | T.BIP.PR.E | T.BIP.PR.F | T.BIP.UN

Brookfield Infrastructure Partners L.P. is a global infrastructure company. The Company owns and operates in the utilities, transport, midstream and data sectors across the Americas, Asia Pacific and Europe. The Company’s segments include Utilities, Transport, Midstream, Data and Corporate. The Utilities segment consists of regulated transmission (natural gas and electricity) and commercial and residential distribution (electricity, natural gas, and water connections) operations. The Transport segment comprises infrastructure assets that provide transportation, storage and handling services for merchandise goods, commodities, and passengers. The Midstream segment comprises systems that provide natural gas transmission, gathering and processing, and storage services. The Data segment comprises critical infrastructure servicing customers in the telecommunications, fiber, and data storage sectors. It is also a data center provider.

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Brookfield Infrastructure Partners LP

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Post by retiredcfon Oct 11, 2022 9:12am

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Post# 35016821

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This is a flash report and their current target is US$49.00. GLTA

Brookfield Infrastructure Partners L.P.

(BIP-N, BIP.UN-T) US$33.94

DBI Announces Uplift in Terminal Infrastructure Charge Event

Yesterday, Dalrymple Bay Infrastructure (DBI) announced that it had reached agreement on pricing and commercial terms with all existing users for a 10-year period under the new light-handed regulatory framework.

Impact: SLIGHTLY POSITIVE

The terminal infrastructure charge (TIC) for 2021-2022 and 2022-2023 will be A $3.02/tonne and A$3.18/tonne, respectively, representing increases of 23% and 29%, respectively, vs. the applicable TIC under the previous regulatory regime. The TIC will then escalate annually for inflation through June 30, 2031. All other key commercial terms remain substantially unchanged, including 100% take-or- pay terms, 100% pass-through of operating costs, and the socialization of charges on user defaults/contract expiries. BIP owns 49% of DBI, which is a subset of the diversified terminals segment, which comprises ~11% of the LP's FFO.
Payment adjustments totaling A$61mm ($38mm or ~$0.05/unit) will be paid by users for the period July 1, 2021 through September 30, 2022, which BIP will presumably record in Q4/22.
DBI is fully contracted through June 2028, with evergreen renewal options for customers on a 100% take-or-pay basis.
DBI is the world's largest metallurgical coal export facility. It is located in Queensland, Australia, and has annual capacity of 85mm tonnes.