Brookfield Infrastructure increases ownership in Chilean transmission operations

Hamilton, Bermuda, April 7, 2008 — Brookfield Infrastructure Partners L.P. announced they have increased their ownership in the Chilean transmission company Transelec Chile S.A. (Transelec) from 10.7 percent to 17.8 percent at a cost of $111.3 million.

Brookfield Infrastructure’s increased investment in Transelec was the result of the finalization of a purchase price adjustment payment by the ownership group following the completion of Transelec’s recent transmission rate proceeding. The purchase price adjustment resulted in an increase of Transelec’s asset base to a total of $494.4 million for the regulated, high-voltage component of its business.

Transelec owns 8,279 km of transmission lines that serve 98 percent of Chile’s population and includes all of Chile’s 500 kV transmission lines and approximately 46 percent of the country’s high voltage lines between 110 kV and 500 kV.

Want to stay Current? Listen to Currents: The Energy News Podcast brought to you by Utility Automation & Engineering T&D and Electric Light & Power online. For a list of all available episodes, click here and start listening today. And for more news and exclusive features from Utility Automation & Engineering T&D and Electric Light & Power online, please click here.

Authors

Previous articleFirstEnergy to implement SPANS notification system
Next articleReport: Staffing and training initiatives increase in spite of self-service technology advances

No posts to display