Company: BIP-PB
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014380
Chunk: 186

Company: Brookfield Infrastructure Partners L.P.
Filing Date: 2025-03-24
Form: 20-F
Item: Item 4
Chunk 186
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 complexes, mixed-use multi-residential and multi-tenant commercial buildings in Canada, the United States, Australia, and New Zealand. Our North American sub-metering business has over 0.7 million contracted services, making it one of the largest non-utility sub-meter providers in the markets in which we operate. Our smart meter business is one of the leading providers of smart meters and metering services in Australia and New Zealand. The business owns, installs and services smart meters for a number of Australian retailers. Across Australia and New Zealand, the business has installed approximately 2.8 million meters under management.

Strategic Position

Our commercial and residential distribution operations are critical to the markets in which they are located. In the U. K., our regulated distribution system is currently a market leader in terms of new gas and electricity connection sales to the new-build housing market, and total installed connections among independent utilities. Our U. K. operation has a diverse customer base throughout England, Scotland and Wales, which underpins its cash flow. Our U. K. customers consist primarily of large energy retailers who serve residential and commercial users. Our Colombian natural gas distribution business provides reliable gas to approximately 3.7 million commercial and residential customers. Our Colombian regulated natural gas business supplies approximately one third of Colombia’s natural gas distribution demand spanning a network of approximately 26,000 kilometers. Our U. K. and Colombian operations generate stable cash flows in the geographies in which we operate.

Our residential decarbonization infrastructure operation is one of the largest home energy solutions businesses in North America, with a growing footprint in the U. K. and Europe. Our strategy is to meaningfully grow the businesses by leveraging our scale and service capabilities, particularly to drive home equipment rental asset growth in the markets in which we operate. In addition to growing our rental base, we seek to grow our recurring cash flows through subscription-based policies to homeowners to cover a range of home emergencies, principally plumbing, heating and electric systems. These businesses are complementary and allow us to participate in global decarbonization by promoting energy efficient sources of domestic heating and cooling. Over time, we expect to leverage technological investments that will provide us with significant operational and market data, allowing us to service our customers on a more proactive basis and meet homeowners’ desire to decarbonize their homes. With a large in-place book of assets and service capabilities that are difficult to replicate, combined with our ability to enter new markets, we expect to expand our portfolio of long-term contracted revenue streams that provide predictable, stable cash