Today
Macquarie-owned water company must double payouts to angry customers
The UK government proposes forcing Southern Water and other utilities to pay more for poor service, after water shortages and polluted supplies.
- Jessica Shankleman
Optus falls out with its mobile towers investor AustralianSuper
The country’s largest super fund acquired a controlling stake in the telco’s infrastructure business for almost $2 billion in 2021. But relations have since soured.
- Aaron Weinman and Jenny Wiggins
Microsoft’s Telstra deal backs Vicki Brady’s $1.6b infrastructure bet
The technology giant will become the first client of a big intercity fibre network being rolled out after the telco decided not to sell its InfraCo division.
- Paul Smith
This Month
- Exclusive
- Energy security
Vales Point coal plant owner eyes gas plant, batteries
Delta joins Squadron Energy and others in studying potential investments in new gas power plants to support the transitioning electricity system.
- Angela Macdonald-Smith
SkyBus operator hits the market as Macquarie completes global roadshow
But after months of meetings, the investment bank’s deal makers face an uphill effort to sell Kinetic Group at the valuation that they are hoping for.
- Aaron Weinman
Closing Eraring would have driven up power bills: research
Electricity prices would be $55 a megawatt-hour higher if Origin were to close the coal power plant next year, the government was told.
- Angela Macdonald-Smith
EnergyAustralia returns to profit as prices jump
After two June halves of heavy losses, EnergyAustralia has surged back into the black, buoyed by sharply higher wholesale prices when renewables fell short.
- Angela Macdonald-Smith
Jefferies grabs a piece of AirTrunk’s $20b auction
No doubt, AirTrunk should pad fee revenues for IB bosses for the December half, while burnishing the resumes of the bankers at the frontlines for years to come.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Abu Dhabi fund flies into IFM consortium at AirTrunk’s $20b sale
The most recent numbers in front of bidders show AirTrunk has punched through $1 billion in contracted EBITDA.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Marinus Link makes billion-dollar cable commitment
The order should ensure the $3 billion-plus project to build a second power link to Tasmania starts up in 2030 when the energy market operator says it’s needed.
- Angela Macdonald-Smith
- Exclusive
- Energy prices
Humelink budget trimmed but cost worries persist
The energy regulator has disallowed about $314 million of costs to build the contentious transmission line from Transgrid’s original proposal.
- Angela Macdonald-Smith
July
A solution to the athletes village conundrum might be on the Gold Coast
Paris’ capital-light infrastructure plan for the 2024 Olympics has been a great success. But plans to turn the village into new housing faces a new hurdle.
- Michael Bleby
- Opinion
- Road Toll
Why beating up on private motorway companies is short-sighted
Privately owned motorway companies must provide a superior service to motorists, or they simply go out of business.
- Tony Shepherd
Macquarie takes full ownership of Britain’s gas network
Macquarie is set to take full control of Britain’s core gas transmission network in a roughly $1.4 billion deal, as the world’s largest infrastructure investor bets on an enduring future for gas pipelines.
- Gill Plimmer and Rachel Millard
No wind or sun? Try using compressed air and molten salts
“You want as many cards up your sleeve as you can,” says Hydro Tasmania chief executive Ian Brooksbank of emerging renewable generation technologies.
- Angela Macdonald-Smith
Origin Energy ups battery investments with $450m Eraring project
The second power storage system to be installed at the NSW Central Coast site will have more than double the duration of the first one.
- Angela Macdonald-Smith
EnergyConnect exit leaves just months to turn around crucial grid link
Elecnor, the Spanish contractor building part of the key link needed for the transition away from coal power, is expected to cease its involvement by the end of September.
- Angela Macdonald-Smith and Jenny Wiggins
- Opinion
- Chanticleer
M&A forecast? It’s about to rain private capital deals
Private capital hunters – domestic superannuation funds, offshore pension funds and asset managers such as KKR and Brookfield – have their chequebooks out and are trying to get their hands on $50 billion of Australian targets.
- Anthony Macdonald
- Exclusive
- Property development
Japanese investors eye Australian residential real estate
Competition for Australian sites is heating up for Japanese companies such as Asahi Kasei Homes, Sumitomo Forestry Group and Daiwa House.
- Michael Bleby
Labor rules giving building unions more powers on projects
The construction industry in Queensland is worried about state policies that benefit the CFMEU, but which will saddle consumers with great costs.
- Michael Bleby, James Hall and David Marin-Guzman
