Brookfield Reports Progress on DBCT Regulatory Proceeding

Brookfield Infrastructure Partners L.P. (NYSE: BIP) (TSX: BIP.UN) announced progress in its regulatory proceeding for the Dalrymple Bay Coal Terminal in Australia with the Queensland Competition Authority (QCA), the regulatory agency responsible for overseeing DBCT.

The press release is quoted as saying:

As part of its periodic rate review, DBCT recently filed a revised Draft Access Undertaking (DAU) and associated submissions with the QCA, in accordance with the timetable established by the QCA. The revised DAU and submissions, which have been filed with the full, written support of all of DBCT’s customers, effectively encompasses a roll forward of all the current regulatory revenue building block parameters, including maintenance of the equity beta at 1.0 and updates of other parameters of DBCT’s weighted average cost of capital to current market prices such as the risk free rate and cost of debt. The revised DAU has also been amended to encompass system master planning principles which are designed to promote alignment and efficiency across the broader coal supply chain.

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