Company: BIP-PB
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014380
Chunk: 200

Company: Brookfield Infrastructure Partners L.P.
Filing Date: 2025-03-24
Form: 20-F
Item: Item 4
Chunk 200
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-use markets, which provide us and our customers with substantial liquidity to buy, sell and store natural gas.

Our natural gas gathering and processing facilities are ideally situated to serve the Montney shale gas basin in northeast British Columbia (“ B. C.”) and northwest Alberta. This basin continues to see significant industry development and represents one of the lowest supply cost regions in North America. Our facilities have diverse connectivity to major downstream markets including the U. S. Pacific Northwest, the U. S. Midwest, B. C. and Alberta through direct connections to long-haul pipelines. These markets are projected to continue exhibiting strong annual demand growth primarily driven by new industrial gas demands, including petrochemical expansions, and previously announced LNG export projects.

Regulatory Environment

Our midstream operations are subject to varied regulation that differs across our regions of operation. Our U. S. gas pipeline system, including its storage operations, and our natural gas storage investment in Texas are regulated by FERC under theNatural Gas Act of 1938. FERC provides a regulated framework for shippers and natural gas pipeline owners to reach commercial agreement with customers under a maximum rate regime, and there is no periodic rate case obligation. Additional physical operating regulations are imposed by the Pipeline and Hazardous Materials Safety Administration, an agency within the United States Department of Transportation.

Our Canadian pipeline operations and natural gas storage facilities are regulated by the Alberta Energy Regulator and Canadian Energy Regulator, which provide operational and environmental oversight. Our California natural gas storage facilities are subject to California Public Utilities Commission oversight and our Oklahoma facility is regulated by the Oklahoma Corporation Commission. These facilities are not subject to any economic regulation.

Brookfield Infrastructure 87

Our natural gas gathering and processing facilities in B. C. are regulated by the B. C. Energy Regulator, the B. C. Ministry of Environment and the B. C. Utilities Commission and our facilities in Alberta are regulated by the Alberta Energy Regulator. These facilities are not subject to any economic regulation.

Growth Opportunities

Our Canadian diversified midstream business is progressing several growth opportunities intended to enhance and complement our existing product offerings. We are progressing several commercial and strategic opportunities designed to expand and optimize connectivity of our transportation network under long-term contracts to improve efficiency of our processing facilities which will provide stable long-term cash flows.

Our gathering and processing operations continue to advance several customer driven growth initiatives supporting further development of the Montney resource in Northeast B. C. and Northwest Alberta. These capital projects include the expansion and optimization of existing gathering and processing assets and the