**Macquarie          Infrastructure Company LLC**

| **MACQUARIE                  INFRASTRUCTURE COMPANY REPORTS** **THIRD                    QUARTER 2007 FINANCIAL                    RESULTS** |  |
|---------------------------------------------------------------------------------------------------------------------------------------------------|--|

| **·  ** | **Generates                57% Increase in Cash Available for                Distribution** |
|------------------------|---------------------------------------------------------------------------------------------|
| **·  ** | **Increases                Quarterly Dividend to $0.62 Per Share** |
|------------------------|--------------------------------------------------------------------|
| **·  ** | **Refinances                Nearly $1.2 Billion of Operating Company                Debt** |
|------------------------|--------------------------------------------------------------------------------------------|
| **·  ** | **Refinancing                Costs Reduce Net Income** |
|------------------------|--------------------------------------------------------|

**New        York, NY - November 7, 2007**-        Macquarie        Infrastructure Company (NYSE: MIC), a leader in the ownership and operation        of        U.S. infrastructure businesses, reported consolidated revenue for the third        quarter of $221.5 million. Revenue increased 36% over the third quarter in        2006.

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| ·   | Gross                profit in the Company’s **airport                services business**                was $73.9 million for the quarter, an increase of 56% over the third                quarter in 2006. Organic gross profit (excluding sites acquired in                the                prior 12 months) increased 13%. The business reported increases in                both                the volume of fuel sold and average margin on fuel sales. Margin                improvement was driven by an increased proportion of transient customers                who typically pay a higher margin on fuel relative to base                tenants. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| o   | EBITDA                increased to $30.2 million or by 207% over the third quarter in 2006.                Reported                EBITDA included a $1.9 million non-cash loss on certain interest                rate                hedges compared to an $11.3 million non-cash loss in the prior comparable                period.                Excluding the non-cash losses on derivatives in both quarters, EBITDA                from                all locations would have increased by 52%. EBITDA at existing locations                would have increased by 12% excluding the non-cash derivative                losses. |
|---------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| o   | In                August, 2007 the business completed its previously announced acquisitions                of Mercury Air Centers, a network of 24 FBOs, and the two FBOs at                San Jose                Mineta International Airport that comprise the San Jose Jet Center.                The                total cost of the acquired sites was approximately $620.8                million. |
|---------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| o   | In                September, the business entered into an agreement for a new debt                facility                of $970.0 million, including capital expenditure and working capital                facilities totaling $70.0 million. The facilities bear interest at                a rate                of LIBOR plus a margin of 1.60%. The Lead Arranger of the debt exercised                its option to flex the margin to 1.60% from the 1.50% reported in                a press                release dated September 27.                The LIBOR (floating rate) portion of the interest on the $900.0 million                of                term debt has                been swapped for fixed at a weighted average rate of 5.18% for five                years                resulting in a total interest cost of 6.78% per year.                Proceeds of the facility were used to repay existing term loan balances                and bridge loan facilities entered into in connection with the                acquisitions of Mercury and San Jose. |
|---------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| o   | Through                nine months, the airport services business generated gross profit                of                $186.5 million and EBITDA of $82.8 million. Excluding non-cash losses                on                derivatives, year to date EBITDA would have increased by 68% over                the                comparable period in 2006. EBITDA at existing locations increased                by $8.7                million or 17% through nine months and would have increased by 23%                excluding non-cash losses on derivatives. |
|---------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | In                May, 2006, MIC acquired a 50% interest in the company that owns the                fourth                largest **bulk                liquid storage terminal business**                in                the country. Terminal revenue in the business increased to $57.8                million                in the third quarter of 2007 or by 22% over the third quarter in                2006.                Excluding the results of IMTT-Quebec operations that were not consolidated                in 2006, terminal revenue increased by 17%. The growth was primarily                the                result of a $4.2 million increase in storage revenue and a $1.0 million                increase in throughput revenue. MIC does not consolidate the financial                results of the bulk liquid storage terminal business with those of                its                controlled businesses. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| o   | The                bulk liquid storage terminal business paid a dividend of $7.0 million                to                MIC for the September quarter. The dividend payment was accrued at                quarter-end and cash was received in October. MIC expects to receive                a                cash dividend of $7.0 million from the business each quarter through                2008. |
|---------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| o   | Cash                flow from operations in the bulk liquid storage business increased                to                $69.0 million for the first nine months of 2007 or by 48% over the                first                nine months of 2006. Beginning with the first quarter in 2009 MIC                will                receive a dividend equal to 50% of what is effectively the business’                estimated cash available for distribution. The estimation of cash                available for distribution begins with cash flow from operating activities                adjusted for primarily maintenance and environmental remediation                capital                expenditures and interest. |
|---------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| o   | EBITDA                for the third quarter of 2007 was $11.6 million, a decrease of 34%                compared to the third quarter in 2006. EBITDA would have increased                by 22%                excluding non-cash losses on derivatives. |
|---------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| o   | The                business has committed to a total of $293.1 million worth of expansion                projects. To date the business has completed construction of 13 of                30 new                tanks to be built as a part of the expansion (not including those                at the                Geismar Logistics Center). Management expects that the projects                collectively will produce an annualized incremental $42.1 million                of gross                profit and EBITDA when completed. |
|---------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| o   | The                bulk liquid storage business generated gross profit of $87.5 million                through nine months of 2007. EBITDA was $52.8 million or approximately                13%                lower than the first nine months of 2006. The decline was in part                the                result of a “make-whole” payment (net present value of future interest and                principal payments foregone by the lender) and deferred financing                costs                totaling $12.5 million incurred in connection with the successful                refinance of the long-term debt of the business in the second quarter.                Excluding the non-cash losses on derivatives, EBITDA would have increased                by 2.5%. |
|---------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | The                Company’s **gas** **production                and distribution business**                generated a total contribution margin of $14.6 million for the quarter                or                37% more than in the third quarter of 2006. The increase is primarily                the                result of $4.1 million of customer credits that reduced utility revenue                in                the third quarter of 2006. Utility therm (gas volume) sales for the                quarter were 2% lower and non-utility sales were 3% lower versus                2006. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| o   | Utility                revenue and contribution margin increased by 16% and 80%, respectively,                over the third quarter in 2006. The increases were primarily the                result of                the non-recurrence of customer credits that reduced revenue in 2006.                The                business recovered the credits, as well as fuel adjustment charges,                from                escrows established for that purpose at the time of MIC’s acquisition of                the business thus eliminating any impact on distributable                cash. |
|---------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| o   | Non-utility                revenue and contribution margin grew by 10% and 8%, respectively,                over the                third quarter in 2006. The increases were primarily the result of                retail                price increases offset by higher costs for LPG and the transportation                of                the product between islands. |
|---------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| o   | The                business generated EBITDA of $4.8 million on the increased contribution                margin, partially offset by higher operating expenses generally.                Excluding                non-cash losses on derivatives booked in the third quarters of both                2006                and 2007, EBITDA would have increased by 104% over the comparable                period                in 2006. This reflects the reduction in revenue in 2006 stemming                from the                customer credits. |
|---------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| o   | The                gas production and distribution business generated a contribution                margin                and EBITDA of $45.1 million and $17.7 million, respectively, through                nine                months of 2007. Excluding the effect of customer credits, 2006 transaction                costs and unbilled revenue calculations, all of which we do not expect                to                recur, and the non-cash losses on derivatives, EBITDA would have                increased                by 9% over the comparable period in 2006. |
|---------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | MIC’s                **district                energy business**reported** **gross                profit of $6.1 million for the quarter or a 27% increase over the                third                quarter in 2006. The pass-through of electricity cost increases,                inflation-based price increases and warmer average summer temperatures                in                Chicago versus 2006 all contributed to the improved results. EBITDA                for                the quarter was ($10.6) million compared to $5.2 million in the third                quarter of 2006. The decrease was driven by a “make-whole” payment (net                present value of future interest and principal payments foregone                by the                lender) and deferred financing costs totaling $17.7 million incurred                in                connection with the successful refinancing of the long-term debt                of the                business in the quarter. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| o   | Capacity                revenue increased with the conversion of four interruptible customers                to                continuous service during June through September, 2006 and the connection                of a new customer in each of the fourth quarter in 2006 and the second                quarter in 2007. |
|---------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| o   | Consumption                revenue increased 18% over the third quarter in 2006 with the pass                through                of increased electricity costs and warmer average temperatures that                resulted in increased ton-hours of cooling                sold. |
|---------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| o   | In                September, district energy successfully completed a refinance of                private                placement notes that had been in place since the Macquarie Group’s                acquisition of the business in 2004. The new seven-year facility                includes                a term loan of $150.0 million plus capital expenditure and working                capital                facilities totaling $38.5 million. The facility bears interest at                a rate                of LIBOR plus a margin of 0.90%. The LIBOR (floating rate) portion                of the                term loan interest has been swapped for fixed at a weighted average                rate                of 5.07% for seven years resulting in a total interest cost of 5.97%                per                year, a 0.78% reduction                relative to the interest on the notes that were repaid. |
|---------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| o   | The                district energy business generated gross profit and EBITDA of $13.3                million and ($2.2) million, respectively, during the first nine months                of                the year. The year to date EBITDA result reflects the ”make-whole” payment                and deferred financing costs of $17.7 million noted above. |
|---------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ·   | Gross                profit at the Company’s **airport                parking business**declined                10% to $4.7 million in the third quarter of 2007 compared to 2006.                Increased average revenue per car was offset by higher expenses and                a                slightly lower customer volume. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| o   | Average                revenue per car increased 2.6% in the quarter and average overnight                occupancy increased 1.4%. Average revenue per car grew for the fourth                consecutive quarter. |
|---------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| o   | Direct                expenses increased with the implementation of initiatives designed                to                improve the customer experience, for example, increased shuttle bus                frequency. Selling, general and administrative expenses were higher                primarily as a result of the implementation of an improved regional                management structure. |
|---------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| o   | EBITDA                declined to $4.0 million for the third quarter of 2007 from $4.4                million                in the prior comparable period. Excluding non-cash losses on derivatives                in the third quarters of both 2006 and 2007, EBITDA would have declined                by                21%. |
|---------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| o   | The                airport parking business generated gross profit and EBITDA of $14.7                million and $12.4 million, respectively, for the first nine months                of the                year. Non-cash gains and losses on derivatives were not material                through                nine months. |
|---------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **($                      Millions)**                                 |   | **Total**  |      |
|-----------------------------------------------------------------------|--------|------------|-----------|
| ** **                                                            |   | ** ** |      |
| **Cash                      from operations**                         |   |       | **$79.6** |   |
| **Cash                      from operations adjustments**             |   |       | **8.7**   |   |
| **Cash                      from investing and financing activities** |   |       | **8.2**   |   |
| **Working                      capital**                              |   |       | **(17.1** | **)** |
| **Estimated                      cash available for Distribution**    |   |       | **$79.4** |   |

| ·   | Estimated                CAD year to date is increased by a net $8.7 million of adjustments                including primarily income tax refunds received by the airport services                and gas production and distribution businesses and escrow recoveries                at                the gas production and distribution                business. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | Estimated                CAD year to date is increased by a net $8.2 million in cash from                investing                and financing activities that includes primarily the $20.3 million                portion                of the dividend from the Company’s bulk liquid storage business that does                not flow through earnings or cash from operations, offset by a net                approximately $10.9 million of capital expenditures paid in cash                or                accrued. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ·   | Estimated                CAD is reduced by $17.1 million of cash generated by working capital                movements as we do not consider normal changes in working capital                when                calculating CAD. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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BUSINESS        UPDATE AND OUTLOOK

**Airport        services business**

**Bulk        liquid storage terminal business**

**Gas        production and distribution business**

**District        energy business**

**Airport        parking business**

**When:**

**How:**

**Slides:**

**Replay:**

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| Investor                  enquiries Jay                  A. DavisInvestor                  RelationsMacquarie                  Infrastructure Company(212)                  231-1825 | Media                  enquiries Alex                  DoughtyCorporate                  CommunicationsMacquarie                  Infrastructure Company(212)                  231-1710 |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  **MACQUARIE                  INFRASTRUCTURE COMPANY LLC**       |
|-----------------------------------------------------------------------|
|  CONSOLIDATED                  CONDENSED BALANCE SHEETS          |
|  As                  of September 30, 2007 and December 31, 2006 |
| ($                  in thousands, except share amounts)               |

|                                                                                                                                                                                                                                        |   |  September                  30, 2007 |      | December                  31, 2006 |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------|-----------|------------------------------------|--------|
|                                                                                                                                                                                                                                        |   |  (unaudited)                         |      |                               |   |
| **Assets**                                                                                                                                                                                                                                  |   |                                      |      |                          |   |
| Current                  assets:                                                                                                                                                                                                            |   |                                      |      |                               |   |   |   |
| Cash                  and cash equivalents                                                                                                                                                                                                  |   | $                                    | 72,756    |                               | $      | 37,388 |   |
| Restricted                  cash                                                                                                                                                                                                            |   |                                      | 1,616     |                               |   | 1,216 |   |
| Accounts                  receivable, less allowance for doubtful accounts                                                                                                                                                                  |   |                                      |      |                               |   |   |   |
| of                  $1,937 and $1,435, respectively                                                                                                                                                                                         |   |                                      | 90,726    |                               |   | 56,785 |   |
| Dividends                  receivable                                                                                                                                                                                                       |   |                                      | 7,000     |                               |   | 7,000 |   |
| Other                  receivables                                                                                                                                                                                                          |   |                                      | 11        |                               |   | 87,973 |   |
| Inventories                                                                                                                                                                                                                                 |   |                                      | 16,255    |                               |   | 12,793 |   |
| Prepaid                  expenses                                                                                                                                                                                                           |   |                                      | 9,965     |                               |   | 6,887 |   |
| Deferred                  income taxes                                                                                                                                                                                                      |   |                                      | 2,841     |                               |   | 2,411 |   |
| Income                  tax receivable                                                                                                                                                                                                      |   |                                      | -         |                               |   | 2,913 |   |
| Fair                  value of derivative instruments                                                                                                                                                                                       |   |                                      | 2,281     |                               |   | 632 |   |
| Other                                                                                                                                                                                                                                       |   |                                      | 11,877    |                               |   | 14,968 |   |
|                                                                                                                                                                                                                                        |   |                                      |      |                               |   |   |   |
| Total                  current assets                                                                                                                                                                                                       |   |                                      | 215,328   |                               |   | 230,966 |   |
|                                                                                                                                                                                                                                        |   |                                      |      |                               |   |   |   |
| Property,                  equipment, land and leasehold improvements, net                                                                                                                                                                  |   |                                      | 661,036   |                               |   | 522,759 |   |
|                                                                                                                                                                                                                                        |   |                                      |      |                               |   |   |   |
| Restricted                  cash                                                                                                                                                                                                            |   |                                      | 26,528    |                               |   | 23,666 |   |
| Equipment                  lease receivables                                                                                                                                                                                                |   |                                      | 39,482    |                               |   | 41,305 |   |
| Investment                  in unconsolidated business                                                                                                                                                                                      |   |                                      | 219,300   |                               |   | 239,632 |   |
| Goodwill                                                                                                                                                                                                                                    |   |                                      | 769,721   |                               |   | 485,986 |   |
| Intangible                  assets, net                                                                                                                                                                                                     |   |                                      | 862,522   |                               |   | 526,759 |   |
| Deposits                  and deferred costs on acquisitions                                                                                                                                                                                |   |                                      | -         |                               |   | 579 |   |
| Deferred                  financing costs, net of accumulated amortization                                                                                                                                                                  |   |                                      | 21,908    |                               |   | 20,875 |   |
| Fair                  value of derivative instruments                                                                                                                                                                                       |   |                                      | 1,036     |                               |   | 2,252 |   |
| Other                                                                                                                                                                                                                                       |   |                                      | 5,272     |                               |   | 2,754 |   |
|                                                                                                                                                                                                                                        |   |                                      |      |                               |   |   |   |
| Total                  assets                                                                                                                                                                                                               |   |  $                                   | 2,822,133 |                               | $      | 2,097,533 |   |
|                                                                                                                                                                                                                                        |   |                                      |      |                               |   |   |   |
| **Liabilities                  and stockholders’ equity**                                                                                                                                                                             |   |                                      |      |                               |   |   |   |
| Current                  liabilities:                                                                                                                                                                                                       |   |                                      |      |                               |   |   |   |
| Due                  to manager - related party                                                                                                                                                                                             |   | $                                         | 48,490    |                               | $      | 4,284 |   |
| Accounts                  payable                                                                                                                                                                                                           |   |                                      | 57,499    |                               |   | 29,819 |   |
| Accrued                  expenses                                                                                                                                                                                                           |   |                                      | 28,668    |                               |   | 19,780 |   |
| Current                  portion of notes payable and capital leases                                                                                                                                                                        |   |                                      | 3,979     |                               |   | 4,683 |   |
| Current                  portion of long-term debt                                                                                                                                                                                          |   |                                      | 60,160    |                               |   | 3,754 |   |
| Fair                  value of derivative instruments                                                                                                                                                                                       |   |                                      | 1,060     |                               |   | 3,286 |   |
| Deferred                  income                                                                                                                                                                                                            |   |                                      | 5,619     |                               |   | 1,403 |   |
| Income                  taxes payable                                                                                                                                                                                                       |   |                                      | 4,272     |                               |   | - |   |
| Other                                                                                                                                                                                                                                       |   |                                      | 9,621     |                               |   | 5,130 |   |
|                                                                                                                                                                                                                                        |   |                                      |      |                               |   |   |   |
| Total                  current liabilities                                                                                                                                                                                                  |   |                                      | 219,368   |                               |   | 72,139 |   |
|                                                                                                                                                                                                                                        |   |                                      |      |                               |   |   |   |
| Capital                  leases and notes payable, net of current portion                                                                                                                                                                   |   |                                      | 3,544     |                               |   | 3,135 |   |
| Long-term                  debt, net of current portion -                                                                                                                                                                                   |   |                                      |      |                               |   |   |   |
|                                                                                                                                                                                                                                        |   |                                      | 1,305,079 |                               |   | 959,906 |   |
| Deferred                  income taxes                                                                                                                                                                                                      |   |                                      | 221,880   |                               |   | 163,923 |   |
| Fair                  value of derivative instruments                                                                                                                                                                                       |   |                                      | 12,887    |                               |   | 453 |   |
| Other                                                                                                                                                                                                                                       |   |                                      | 29,221    |                               |   | 25,371 |   |
|                                                                                                                                                                                                                                        |   |                                      |      |                               |   |   |   |
| Total                  liabilities                                                                                                                                                                                                          |   |                                      | 1,791,979 |                               |   | 1,224,927 |   |
|                                                                                                                                                                                                                                        |   |                                      |      |                               |   |   |   |
| Minority                  interests                                                                                                                                                                                                         |   |                                      | 35,934    |                               |   | 8,181 |   |
|                                                                                                                                                                                                                                        |   |                                      |      |                               |   |   |   |
| Stockholders’                    equity:                                                                                                                                                                                              |        |                                           |      |                                    |        |   |   |
| LLC                  interests, no par value; 500,000,000 authorized; 43,766,877 interests issued and outstanding at September                  30, 2007 and Trust Stock, no par value; 500,000,000 authorized;                  37,562,165 |   |                                      |      |                               |   |   |   |
| shares                  issued and outstanding at December 31, 2006                                                                                                                                                                         |   |                                      | 1,036,978 |                               |   | 864,233 |   |
| Accumulated                  other comprehensive (loss) income                                                                                                                                                                              |   |                                      | (7,195    | )                                  |   | 192 |   |
| Accumulated                  loss                                                                                                                                                                                                           |   |                                      | (35,563   | )                                  |   | - |   |
| Total                  stockholders’ equity                                                                                                                                                                                           |   |                                      | 994,220   |                               |   | 864,425 |   |
| Total                  liabilities and stockholders’ equity                                                                                                                                                                           |   | $                                    | 2,822,133 |                               | $      | 2,097,533 |   |

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|  **MACQUARIE                  INFRASTRUCTURE COMPANY LLC**                                      |
|------------------------------------------------------------------------------------------------------|
| CONSOLIDATED                  CONDENSED STATEMENTS OF OPERATIONS                                     |
| For                  the Quarters and Nine Months Ended September 30, 2007 and                  2006 |
|  (Unaudited)                                                                                    |
|  ($                  in thousands, except share and per share                  data)            |

|                                                          |   |   | Quarter                  Ended      |   | Nine                  Months Ended  |                           |
|---------------------------------------------------------------|--------|--------|------------------------------------------|--------|------------------------------------------|--------------------------------|
|                                                               |   |   | September                  30,           |   |                                     | September                  30, |   |   | September                  30, |   |   | September                  30, |   |
|                                                          |   |   |                      2007 |   |                                     | 2006                           |   |   | 2007 |   |   | 2006 |   |
| **Revenues**                                                  |   |   |                                     |   |                                     |                           |   |   |   |   |   |   |   |
| Revenue                  from product sales                   |   | $      | 145,605                                  |   | $                                        | 105,557                        |   | $ | 371,062 |   | $ | 204,691 |   |
| Service                  revenue                              |   |   | 74,700                                   |   |                                     | 56,430                         |   |   | 192,947 |   |   | 147,060 |   |
| Financing                  and equipment lease income         |   |   | 1,221                                    |   |                                     | 1,273                          |   |   | 3,704 |   |   | 3,856 |   |
|                                                          |   |   |                                     |   |                                     |                           |   |   |   |   |   |   |   |
| Total                  revenue                                |   |   | 221,526                                  |   |                                     | 163,260                        |   |   | 567,713 |   |   | 355,607 |   |
|                                                          |   |   |                                     |   |                                     |                           |   |   |   |   |   |   |   |
| **Costs                  and expenses**                       |   |   |                                     |   |                                     |                           |   |   |   |   |   |   |   |
| Cost                  of product sales                        |   |   | 96,220                                   |   |                                     | 73,326                         |   |   | 241,825 |   |   | 135,370 |   |
| Cost                  of services                             |   |   | 31,075                                   |   |                                     | 26,541                         |   |   | 80,740 |   |   | 70,205 |   |
| Selling,                  general and administrative          |   |   | 50,632                                   |   |                                     | 35,107                         |   |   | 128,174 |   |   | 82,806 |   |
| Fees                  to manager - related party              |   |   | 5,437                                    |   |                                     | 3,955                          |   |   | 59,962 |   |   | 14,151 |   |
| Depreciation                                                  |   |   | 5,035                                    |   |                                     | 4,138                          |   |   | 13,088 |   |   | 7,969 |   |
| Amortization                  of intangibles                  |   |   | 9,219                                    |   |                                     | 6,385                          |   |   | 23,151 |   |   | 13,411 |   |
|                                                          |   |   |                                     |   |                                     |                           |   |   |   |   |   |   |   |
| Total                  operating expenses                     |   |   | 197,618                                  |   |                                     | 149,452                        |   |   | 546,940 |   |   | 323,912 |   |
|                                                          |   |   |                                     |   |                                     |                           |   |   |   |   |   |   |   |
| **Operating                  income**                         |   |   | 23,908                                   |   |                                     | 13,808                         |   |   | 20,773 |   |   | 31,695 |   |
|                                                          |   |   |                                     |   |                                     |                           |   |   |   |   |   |   |   |
| **Other                  income (expense)**                   |   |   |                                     |   |                                     |                           |   |   |   |   |   |   |   |
| Dividend                  income                              |   |   | -                                        |   |                                     | 3,393                          |   |   | - |   |   | 8,395 |   |
| Interest                  income                              |   |   | 2,062                                    |   |                                     | 849                            |   |   | 4,986 |   |   | 3,731 |   |
| Interest                  expense                             |   |   | (21,779                                  | )      |                                     | (25,801                        | ) |   | (57,050 | ) |   | (57,068 | ) |
| Loss                  on extinguishment of debt               |   |   | (17,708                                  | )      |                                     | -                              |   |   | (17,708 | ) |   | - |   |
| Equity                  in (losses) earnings and amortization |   |   |                                     |   |                                     |                           |   |   |   |   |   |   |   |
|  charges                  of investees                   |   |   | (1,659                                   | )      |                                     | 1,734                          |   |   | 661 |   |   | 7,302 |   |
| (Loss)                  gain on derivative instruments        |   |   | (2,227                                   | )      |                                     | (17,066                        | ) |   | (1,566 | ) |   | 3,096 |   |
| Gain                  on sale of marketable securities        |   |   | -                                        |   |                                     | 7,005                          |   |   | - |   |   | 7,005 |   |
| Other                  income (expense), net                  |   |   | 296                                      |   |                                     | (348                           | ) |   | (348 | ) |   | (421 | ) |
| Net                  (loss) income before income taxes and    |   |   |                                     |   |                                     |                           |   |   |   |   |   |   |   |
|  minority                  interests                     |   |   | (17,107                                  | )      |                                     | (16,426                        | ) |   | (50,252 | ) |   | 3,735 |   |
| (Provision)                  benefit for income taxes         |   |   | (971                                     | )      |                                     | 6,270                          |   |   | 14,907 |   |   | 3,259 |   |
|                                                          |   |   |                                     |   |                                     |                           |   |   |   |   |   |   |   |
| Net                  (loss) income before minority interests  |   |   | (18,078                                  | )      |                                     | (10,156                        | ) |   | (35,345 | ) |   | 6,994 |   |
|                                                          |   |   |                                     |   |                                     |                           |   |   |   |   |   |   |   |
| Minority                  interests                           |   |   | (86                                      | )      |                                     | (138                           | ) |   | (183 | ) |   | 14 |   |
|                                                          |   |   |                                     |   |                                     |                           |   |   |   |   |   |   |   |
| **Net                  (loss) income**                        |   | $      | (17,992                                  | )      | $                                        | (10,018                        | ) | $ | (35,162 | ) | $ | 6,980 |   |
|                                                          |   |   |                                     |   |                                     |                           |   |   |   |   |   |   |   |
| Basic                  (loss) earnings per share:             |   | $      | (0.41                                    | )      | $                                        | (0.37                          | ) | $ | (0.89 | ) | $ | 0.26 |   |
| Weighted                  average number of shares            |   |   |                                     |   |                                     |                           |   |   |   |   |   |   |   |
|  outstanding:                  basic                     |   |   | 43,357,300                               |   |                                     | 27,212,165                     |   |   | 39,515,104 |   |   | 27,108,962 |   |
| Diluted                  (loss) earnings per share:           |   | $      | (0.41                                    | )      | $                                        | (0.37                          | ) | $ | (0.89 | ) | $ | 0.26 |   |
| Weighted                  average number of shares            |   |   |                                     |   |                                     |                           |   |   |   |   |   |   |   |
|  outstanding:                  diluted                   |   |   | 43,357,300                               |   |                                     | 27,212,165                     |   |   | 39,515,104 |   |   | 27,125,833 |   |
| Cash                  distributions declared per share        |   | $      | 0.605                                    |   | $                                        | 0.525                          |   | $ | 1.765 |   | $ | 1.525 |   |

----

| **MACQUARIE                  INFRASTRUCTURE COMPANY LLC**              |
|------------------------------------------------------------------------|
|  CONSOLIDATED                  CONDENSED STATEMENTS OF CASH FLOWS |
| For                  the Nine Months Ended September 30, 2007 and 2006 |
|  (Unaudited)                                                      |
| ($                  in thousands)                                      |

|                                                                                                                            |   | Nine                  Months Ended  |
|---------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------|
|                                                                                                                                 |   |                                     | September30,2007 |   |   | September                  30, 2006 |   |
| **Operating                  activities**                                                                                       |   |                                     |   |   |   |   |   |
| Net                  (loss) income                                                                                              |   | $                                        | (35,162 | ) | $ | 6,980 |   |
| Adjustments                  to reconcile net (loss) income to net cash provided by                  operating activities: |   |                                     |   |   |   |   |   |
|  Depreciation                  and amortization of property and equipment                                                  |   |                                     | 20,695 |   |   | 14,851 |   |
|  Amortization                  of intangible assets                                                                        |   |                                     | 23,151 |   |   | 13,411 |   |
|  Equity                  in earnings and amortization charges of investee                                                  |   |                                     | (661 | ) |   | (7,302 | ) |
|  Equity                  distributions from investee                                                                       |   |                                     | 661 |   |   | 5,500 |   |
|  Gain                  on sale of marketable securities                                                                    |   |                                     | - |   |   | (7,005 | ) |
|  Amortization                  of finance charges                                                                          |   |                                     | 4,505 |   |   | 3,849 |   |
|  Non-cash                  derivative (gain) loss, net of non-cash interest expense                                        |   |                                     | (276 | ) |   | 1,342 |   |
|  Performance                  fees to be settled in stock                                                                  |   |                                     | 43,962 |   |   | 4,134 |   |
|  Equipment                  lease receivable, net                                                                          |   |                                     | 1,838 |   |   | 1,422 |   |
|  Deferred                  rent                                                                                            |   |                                     | 1,864 |   |   | 1,811 |   |
|  Deferred                  taxes                                                                                           |   |                                     | (19,771 | ) |   | (5,091 | ) |
|  Other                  non-cash expenses, net                                                                             |   |                                     | 1,141 |   |   | 1,425 |   |
|  Non-operating                  transactions relating to foreign investments                                               |   |                                     | 2,847 |   |   | - |   |
|  Loss                  on extinguishment of debt                                                                           |   |                                     | 17,708 |   |   | - |   |
|  Accrued                  interest expense on subordinated debt - related party                                            |   |                                     | - |   |   | 797 |   |
|  Changes                  in other assets and liabilities:                                                                 |   |                                     |   |   |   |   |   |
|  Restricted                  cash                                                                                          |   |                                     | (399 | ) |   | 4,705 |   |
|  Accounts                  receivable                                                                                      |   |                                     | (9,556 | ) |   | (5,824 | ) |
|  Dividend                  receivable                                                                                      |   |                                     | - |   |   | 2,365 |   |
|  Inventories                                                                                                               |   |                                     | (348 | ) |   | 1,348 |   |
|  Prepaid                  expenses and other current assets                                                                |   |                                     | 1,623 |   |   | (1,983 | ) |
|  Accounts                  payable and accrued expenses                                                                    |   |                                     | 18,194 |   |   | (9,758 | ) |
|  Income                  taxes payable                                                                                     |   |                                     | 5,177 |   |   | 1,083 |   |
|  Due                  to manager - related party                                                                           |   |                                     | 1,201 |   |   | 1,054 |   |
|  Other                                                                                                                     |   |                                     | 1,249 |   |   | 1,986 |   |
| Net                  cash provided by operating activities                                                                      |   |                                     | 79,643 |   |   | 31,100 |   |
|                                                                                                                            |   |                                     |   |   |   |   |   |
| **Investing                  activities**                                                                                       |   |                                     |   |   |   |   |   |
| Acquisitions                  of businesses and investments, net of cash acquired                                               |   |                                     | (658,939 | ) |   | (849,306 | ) |
| Costs                  of dispositions                                                                                          |   |                                     | (322 | ) |   | - |   |
| Proceeds                  from sale of investment in unconsolidated business                                                    |   |                                     | 84,977 |   |   | - |   |
| Proceeds                  from sale of marketable securities                                                                    |   |                                     | - |   |   | 76,996 |   |
| Settlements                  of non-hedging derivative instruments                                                              |   |                                     | (2,013 | ) |   | - |   |
| Purchases                  of property and equipment                                                                            |   |                                     | (33,097 | ) |   | (11,427 | ) |
| Return                  on investment in unconsolidated business                                                                |   |                                     | 20,339 |   |   | 6,226 |   |
| Proceeds                  received on subordinated loan - related party                                                         |   |                                     | - |   |   | 850 |   |
| Net                  cash used in investing activities                                                                          |   |                                     | (589,055 | ) |   | (776,661 | ) |
|                                                                                                                            |   |                                     |   |   |   |   |   |
| **Financing                  activities**                                                                                       |   |                                     |   |   |   |   |   |
| Proceeds                  from issuance of shares                                                                               |   |                                     | 252,739 |   |   | - |   |
| Proceeds                  from long-term debt                                                                                   |   |                                     | 456,625 |   |   | 535,000 |   |
| Proceeds                  from line-credit facility                                                                             |   |                                     | 64,603 |   |   | 455,766 |   |
| Offering                  costs paid                                                                                            |   |                                     | (11,150 | ) |   | - |   |
| Distributions                  paid to shareholders                                                                             |   |                                     | (70,051 | ) |   | (41,345 | ) |
| Distributions                  paid to minority shareholders                                                                    |   |                                     | (464 | ) |   | (291 | ) |
| Payment                  of long-term debt                                                                                      |   |                                     | (120,115 | ) |   | (260,742 | ) |
| Debt                  financing costs                                                                                           |   |                                     | (8,057 | ) |   | (14,014 | ) |
| Make-whole                  payment under re-financing                                                                          |   |                                     | (14,695 | ) |   | - |   |
| Restricted                  cash                                                                                                |   |                                     | (2,863 | ) |   | (5,130 | ) |
| Payment                  of notes and capital lease obligations                                                                 |   |                                     | (1,792 | ) |   | (1,438 | ) |
| Net                  cash provided by financing activities                                                                      |   |                                     | 544,780 |   |   | 667,806 |   |
|                                                                                                                            |   |                                     |   |   |   |   |   |
| Effect                  of exchange rate changes on cash                                                                        |   |                                     | - |   |   | 556 |   |
|                                                                                                                            |   |                                     |   |   |   |   |   |
| Net                  change in cash and cash equivalents                                                                        |   |                                     | 35,368 |   |   | (77,199 | ) |
|                                                                                                                            |   |                                     |   |   |   |   |   |
| Cash                  and cash equivalents, beginning of period                                                                 |   |                                     | 37,388 |   |   | 115,163 |   |
|                                                                                                                            |   |                                     |   |   |   |   |   |
| Cash                  and cash equivalents, end of period                                                                       |   | $                                        | 72,756 |   | $ | 37,964 |   |

----

| **Supplemental                  disclosures of cash flow information:**             |   |   |   |   |   |
|-------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|
| Non-cash                  investing and financing activities:                       |   |   |   |   |   |
|                                                                                |   |   |   |   |   |
|  Accrued                  acquisition and equity offering costs                |   | $      | 683    |   | $      | 368 |   |
|                                                                                |   |   |   |   |   |   |   |
|  Accrued                  purchases of property and equipment                  |   | $      | 2,695  |   | $      | 224 |   |
|                                                                                |   |   |   |   |   |   |   |
|  Acquisition                  of property through capital leases               |   | $      | 30     |   | $      | 2,180 |   |
|                                                                                |   |   |   |   |   |   |   |
|  Issuance                  of stock to manager for payment of performance fees |   | $      | 957    |   | $      | 4,134 |   |
|                                                                                |   |   |   |   |   |   |   |
|  Issuance                  of stock to independent directors                   |   | $      | 450    |   | $      | 450 |   |
|                                                                                |   |   |   |   |   |   |   |
| Taxes                  paid                                                         |   | $      | 2,525  |   | $      | 1,075 |   |
|                                                                                |   |   |   |   |   |   |   |
| Interest                  paid                                                      |   | $      | 66,244 |   | $      | 46,987 |   |

----

|                                                 |   | **Quarter                  Ended September                  30,**  |  **Nine                  Months Ended September 30,** |
|------------------------------------------------------|--------|-------------------------------------------------------------------------|------------------------------------------------------------|
|                                                 |   |                                                                    | **2007**                                                   |   |   | **2006** |   |   | **2007** |   |   | **2006** |   |
|                                                 |   |                                                                    | $                                                          |   |   | $ |   |   | $  |   |   | $ |   |
| Net                  (loss) income (1)               |   |                                                                    | (17,992                                                    | ) |   | (10,018 | ) |   | (35,162 | ) |   | 6,980 |   |
| Interest                  expense, net               |   |                                                                    | 19,717                                                     |   |   | 24,952 |   |   | 52,064 |   |   | 53,337 |   |
| Income                  taxes                        |   |                                                                    | 971                                                        |   |   | (6,270 | ) |   | (14,907 | ) |   | (3,259 | ) |
| Depreciation                  (2)                    |   |                                                                    | 5,035                                                      |   |   | 4,138 |   |   | 13,088 |   |   | 7,969 |   |
| Depreciation                  - cost of services (2) |   |                                                                    | 2,630                                                      |   |   | 2,424 |   |   | 7,606 |   |   | 6,883 |   |
| Amortization                  (3)                    |   |                                                                    | 9,219                                                      |   |   | 6,385 |   |   | 23,151 |   |   | 13,411 |   |
| EBITDA                                               |   |                                                                    | 19,580                                                     |   |   | 21,611 |   |   | 45,840 |   |   | 85,321 |   |

----

| **Note:                  All $ are in millions. Totals may not foot due **to                  rounding.**** |
|-------------------------------------------------------------------------------------------------------------|
|                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |

|                                                             |   |                     |   |
|------------------------------------------------------------------|--------|--------------------------------------------------------|--------|
| **AIRPORT                  SERVICES BUSINESS**                   |   |  **Quarter                  Ended September 30,** |   |
|                                                             |   | **Existing                  Locations**                |   |   |   | **Total** |   |
|                                                             |   |  **2007**                                         |   |  **2006** |   |  **Change** |   | **Acquisitions** |   |  **2007** |   |  **2006** |   |  **Change** |   |
|                                                             |   |  $                                                |   |  $ |   |  % |   |  $ |   |  $ |   |  $ |   |  % |   |
| **Revenue**                                                      |   |                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fuel                                                             |   |                                                   | 73.25  |   |   | 69.35 |   |   | 5.6 |   |   | 31.26 |   |   | 104.51 |   |   | 69.35 |   |   | 50.7 |   |
| Non-Fuel                                                         |   |                                                   | 26.97  |   |   | 23.24 |   |   | 16.1 |   |   | 12.10 |   |   | 39.07 |   |   | 23.24 |   |   | 68.1 |   |
| **Total                  Revenue**                               |   |                                                   | 100.22 |   |   | 92.59 |   |   | 8.2 |   |   | 43.37 |   |   | 143.59 |   |   | 92.59 |   |   | 55.1 |   |
|                                                             |   |                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Gross                  Profit**                                |   |                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fuel                                                             |   |                                                   | 28.72  |   |   | 26.16 |   |   | 9.8 |   |   | 11.24 |   |   | 39.95 |   |   | 26.16 |   |   | 52.8 |   |
| Non-Fuel                                                         |   |                                                   | 24.66  |   |   | 21.13 |   |   | 16.7 |   |   | 9.37 |   |   | 34.03 |   |   | 21.13 |   |   | 61.1 |   |
| **Total                  Gross Profit**                          |   |                                                   | 53.38  |   |   | 47.28 |   |   | 12.9 |   |   | 20.61 |   |   | 73.99 |   |   | 47.28 |   |   | 56.5 |   |
|                                                             |   |                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **SG&A**                                                     |   |                                                   | 29.80  |   |   | 26.78 |   |   | (11.3 | ) |   | 12.04 |   |   | 41.84 |   |   | 26.78 |   |   | (56.3 | ) |
|                                                             |   |                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Unrealized                  Gain on Derivatives                  |   |                                                   | (1.95  | ) |   | (11.26 | ) |   | 82.7 |   |   | 0.00 |   |   | (1.95 | ) |   | (11.26 | ) |   | 82.7 |   |
|                                                             |   |                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *Reconciliation                  of net income (loss) to EBITDA* |   |                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Net                  Income (loss)**                           |   |                                                   | 3.30   |   |   | (3.90 | ) |   |   |   |   | 0.91 |   |   | 4.21 |   |   | (3.90 | ) |   |   |   |
| Interest                  Expense, Net                           |   |                                                   | 8.18   |   |   | 7.83 |   |   |   |   |   | 3.46 |   |   | 11.64 |   |   | 7.83 |   |   |   |   |
| Provision                  (benefit) for income taxes            |   |                                                   | 2.17   |   |   | (2.14 | ) |   |   |   |   | 0.60 |   |   | 2.76 |   |   | (2.14 | ) |   |   |   |
| Depreciation                  and amortization                   |   |                                                   | 7.94   |   |   | 8.05 |   |   |   |   |   | 3.62 |   |   | 11.56 |   |   | 8.05 |   |   |   |   |
| **EBITDA**                                                       |   |                                                   | 21.59  |   |   | 9.84 |   |   | 119.4 |   |   | 8.58 |   |   | 30.17 |   |   | 9.84 |   |   | NM |   |

|                                                      |   |                                                   |   |
|-----------------------------------------------------------|--------|----------------------------------------------------------------------------|--------|
|                                                      |   | **Nine                  Months Ended September                  30,** |   |
|                                                      |   | **Existing                  Locations**                                    |   |   |   | **Total** |   |
|                                                      |   |  **2007**                                                             |   |  **2006** |   |  **Change** |   |  **Acquisitions** |   |  **2007** |   |  **2006** |   |  **Change** |   |
|                                                      |   |  $                                                                    |   |  $ |   |  % |   |  $ |   |  $ |   |  $ |   |  % |   |
| **Revenue**                                               |   |                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fuel                                                      |   |                                                                       | 159.72 |   |   | 157.64 |   |   | 1.3 |   |   | 88.33 |   |   | 248.05 |   |   | 157.64 |   |   | 57.3 |   |
| Non-Fuel                                                  |   |                                                                       | 70.28  |   |   | 59.07 |   |   | 19.0 |   |   | 28.79 |   |   | 99.07 |   |   | 59.07 |   |   | 67.7 |   |
| **Total                  Revenue**                        |   |                                                                       | 230.00 |   |   | 216.72 |   |   | 6.1 |   |   | 117.13 |   |   | 347.12 |   |   | 216.72 |   |   | 60.2 |   |
|                                                      |   |                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Gross                  Profit**                         |   |                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fuel                                                      |   |                                                                       | 65.41  |   |   | 60.66 |   |   | 7.8 |   |   | 33.16 |   |   | 98.57 |   |   | 60.66 |   |   | 62.5 |   |
| Non-Fuel                                                  |   |                                                                       | 63.98  |   |   | 53.07 |   |   | 20.6 |   |   | 23.96 |   |   | 87.94 |   |   | 53.07 |   |   | 65.7 |   |
| **Total                  Gross Profit**                   |   |                                                                       | 129.39 |   |   | 113.73 |   |   | 13.8 |   |   | 57.12 |   |   | 186.51 |   |   | 113.73 |   |   | 64.0 |   |
|                                                      |   |                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **SG&A**                                              |   |                                                                       | 68.33  |   |   | 63.73 |   |   | (7.2 | ) |   | 33.24 |   |   | 101.57 |   |   | 63.73 |   |   | (59.4 | ) |
|                                                      |   |                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Unrealized                  (Loss) Gain on Derivatives    |   |                                                                       | (2.03  | ) |   | (0.36 | ) |   | NM |   |   | (0.00 | ) |   | (2.03 | ) |   | (0.36 | ) |   | NM |   |
|                                                      |   |                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *Reconciliation                  of net income to EBITDA* |   |                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Net                  Income**                           |   |                                                                       | 14.58  |   |   | 7.05 |   |   |   |   |   | 1.52 |   |   | 16.10 |   |   | 7.05 |   |   |   |   |
| Interest                  Expense, Net                    |   |                                                                       | 18.01  |   |   | 21.60 |   |   |   |   |   | 10.16 |   |   | 28.17 |   |   | 21.60 |   |   |   |   |
| Provision                  for income taxes               |   |                                                                       | 9.58   |   |   | 4.60 |   |   |   |   |   | 1.00 |   |   | 10.58 |   |   | 4.60 |   |   |   |   |
| Depreciation                  and amortization            |   |                                                                       | 16.75  |   |   | 16.92 |   |   |   |   |   | 11.23 |   |   | 27.97 |   |   | 16.92 |   |   |   |   |
| **EBITDA**                                                |   |                                                                       | 58.92  |   |   | 50.16 |   |   | 17.5 |   |   | 23.91 |   |   | 82.82 |   |   | 50.16 |   |   | 65.1 |   |

----

| **BULK                    LIQUID STORAGE BUSINESS**         |
|-------------------------------------------------------------|
|                                                        |   | **Quarter                    Ended September 30,** |   |  **Nine                    Months Ended September 30,** |   |
|                                                        |   | **2007** |   | **2006** |   | **Change** |   | **2007** |   | **2006** |   | **Change** |   |
|                                                        |   | $ |   | $ |   | % |   | $ |   | $ |   | %  |   |
| **Revenue**                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Terminal                                                    |   |   | 57.81 |   |   | 47.31 |   |   | 22.2 |   |   | 167.36 |   |   | 139.57 |   |   | 19.9 |   |
| Heating                                                     |   |   | 2.75 |   |   | 2.21 |   |   | 24.8 |   |   | 14.11 |   |   | 12.75 |   |   | 10.7 |   |
| Other                                                       |   |   | 7.35 |   |   | 6.64 |   |   | 10.7 |   |   | 26.55 |   |   | 22.71 |   |   | 16.9 |   |
| **Total                    Revenue**                        |   |   | 67.92 |   |   | 56.16 |   |   | 20.9 |   |   | 208.01 |   |   | 175.03 |   |   | 18.8 |   |
|                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Gross                    Profit**                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Terminal                                                    |   |   | 28.76 |   |   | 21.96 |   |   | 31.0 |   |   | 83.25 |   |   | 66.60 |   |   | 25.0 |   |
| Environmental                    Response                   |   |   | 1.34 |   |   | 1.83 |   |   | (27.0 | ) |   | 3.96 |   |   | 5.88 |   |   | (32.6 | ) |
| Nursery                                                     |   |   | (0.20 | ) |   | (0.38 | ) |   | 48.0 |   |   | 0.25 |   |   | (0.59 | ) |   | 141.8 |   |
| **Total                    Gross Profit**                   |   |   | 29.90 |   |   | 23.41 |   |   | 27.7 |   |   | 87.46 |   |   | 71.89 |   |   | 21.7 |   |
|                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **SG&A**                                                |   |   | 6.34 |   |   | 5.30 |   |   | (19.5 | ) |   | 18.00 |   |   | 16.17 |   |   | (11.4 | ) |
|                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Unrealized                    Gain on Derivatives           |   |   | (12.47 | ) |   | 2.14 |   |   | NM |   |   | (8.04 | ) |   | 1.37 |   |   | NM |   |
|                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *Reconciliation                    of net income to EBITDA* |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Net                    Income**                           |   |   | (0.95 | ) |   | 3.94 |   |   |   |   |   | 8.65 |   |   | 15.09 |   |   |   |   |
| Interest                    Expense, Net                    |   |   | 3.24 |   |   | 3.03 |   |   |   |   |   | 10.61 |   |   | 12.35 |   |   |   |   |
| Provision                    for income taxes               |   |   | 0.38 |   |   | 3.03 |   |   |   |   |   | 7.11 |   |   | 10.58 |   |   |   |   |
| Depreciation                    and Amortization            |   |   | 8.91 |   |   | 7.60 |   |   |   |   |   | 26.47 |   |   | 22.76 |   |   |   |   |
| **EBITDA**                                                  |   |   | 11.58 |   |   | 17.59 |   |   | (34.2 | ) |   | 52.84 |   |   | 60.78 |   |   | (13.1 | ) |

| **GAS                    PRODUCTION AND DISTRIBUTION**               |   |
|----------------------------------------------------------------------|--------|
| **BUSINESS**                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                 |   | **Quarter                    Ended September 30,** |   |  **Nine                    Months Ended September 30,** |   |
|                                                                 |   | **2007** |   | **2006** |   | **Change** |   | **2007** |   | **2006** |   | **Change** |   |
|                                                                 |   | $ |   | $ |   | % |   | $ |   | $ |   | % |   |
| **Revenue**                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Utility                                                              |   |   | 23.87 |   |   | 20.61 |   |   | 15.8 |   |   | 68.98 |   |   | 69.56 |   |   | (0.8 | ) |
| Non-utility                                                          |   |   | 17.22 |   |   | 15.59 |   |   | 10.4 |   |   | 54.03 |   |   | 50.62 |   |   | 6.7 |   |
| **Total                    Revenue**                                 |   |   | 41.09 |   |   | 36.20 |   |   | 13.5 |   |   | 123.01 |   |   | 120.18 |   |   | 2.4 |   |
|                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Cost                    of Revenue**                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Utility                                                              |   |   | 16.26 |   |   | 16.39 |   |   | 0.8 |   |   | 45.86 |   |   | 47.37 |   |   | 3.2 |   |
| Non-utility                                                          |   |   | 10.27 |   |   | 9.19 |   |   | (11.8 | ) |   | 32.08 |   |   | 30.35 |   |   | (5.7 | ) |
| **Total                    Cost of Revenue**                         |   |   | 26.53 |   |   | 25.57 |   |   | 3.8 |   |   | 77.94 |   |   | 77.72 |   |   | 0.3 |   |
|                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Contribution                    Margin**                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Utility                                                              |   |   | 7.61 |   |   | 4.22 |   |   | 80.2 |   |   | 23.12 |   |   | 22.19 |   |   | 4.2 |   |
| Non-utility                                                          |   |   | 6.95 |   |   | 6.41 |   |   | 8.4 |   |   | 21.95 |   |   | 20.26 |   |   | 8.3 |   |
| **Total                    Contribution Margin**                     |   |   | 14.56 |   |   | 10.63 |   |   | 37.0 |   |   | 45.08 |   |   | 42.46 |   |   | 6.2 |   |
|                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Transmission                    and Distribution**                 |   |   | 3.78 |   |   | 3.38 |   |   | (11.9 | ) |   | 10.73 |   |   | 10.43 |   |   | (2.9 | ) |
|                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **SG&A**                                                         |   |   | 4.36 |   |   | 3.79 |   |   | (15.1 | ) |   | 12.47 |   |   | 12.20 |   |   | (2.2 | ) |
|                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Unrealized                    Gain (Loss) on Derivatives             |   |   | (0.20 | ) |   | (5.87 | ) |   | 96.6 |   |   | (0.40 | ) |   | (3.95 | ) |   | 90.0 |   |
|                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *Reconciliation                    of income before taxes to EBITDA* |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Income                    before taxes**                           |   |   | 0.91 |   |   | (7.50 | ) |   |   |   |   | 5.87 |   |   | (0.03 | ) |   |   |   |
| Interest                    Expense, Net                             |   |   | 2.28 |   |   | 2.44 |   |   |   |   |   | 6.81 |   |   | 6.40 |   |   |   |   |
| Depreciation                    and amortization                     |   |   | 1.65 |   |   | 1.66 |   |   |   |   |   | 5.05 |   |   | 4.44 |   |   |   |   |
| **EBITDA**                                                           |   |   | 4.84 |   |   | (3.40 | ) |   | NM |   |   | 17.73 |   |   | 10.82 |   |   | 63.9 |   |

----

| **DISTRICT                    ENERGY**                             |   |
|--------------------------------------------------------------------|--------|
|                                                               |   | **Quarter                    Ended September 30,** |   |  **Nine                    Months Ended September 30,** |   |
|                                                               |   | **2007** |   | **2006** |   | **Change** |   | **2007** |   | **2006** |   | **Change** |   |
|                                                               |   | $ |   | $ |   | % |   | $ |   | $ |   | % |   |
| **Revenue**                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Capacity                                                           |   |   | 4.79 |   |   | 4.42 |   |   | 8.3 |   |   | 14.08 |   |   | 12.85 |   |   | 9.5 |   |
| Consumption                                                        |   |   | 10.76 |   |   | 9.11 |   |   | 18.1 |   |   | 19.42 |   |   | 15.85 |   |   | 22.6 |   |
| Lease                    and Other                                 |   |   | 1.89 |   |   | 2.01 |   |   | (5.8 | ) |   | 5.79 |   |   | 6.23 |   |   | (7.0 | ) |
| **Total                    Revenue**                               |   |   | 17.44 |   |   | 15.54 |   |   | 12.2 |   |   | 39.29 |   |   | 34.93 |   |   | 12.5 |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Direct                    Expenses**                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Electricity                                                        |   |   | 7.07 |   |   | 6.38 |   |   | (10.9 | ) |   | 12.86 |   |   | 10.66 |   |   | (20.6 | ) |
| Other                                                              |   |   | 4.27 |   |   | 4.35 |   |   | 1.9 |   |   | 13.14 |   |   | 12.88 |   |   | (2.0 | ) |
| **Total                    Direct Expenses**                       |   |   | 11.34 |   |   | 10.73 |   |   | (5.7 | ) |   | 26.00 |   |   | 23.54 |   |   | (10.4 | ) |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Gross                    Profit**                                |   |   | 6.10 |   |   | 4.82 |   |   | 26.7 |   |   | 13.29 |   |   | 11.38 |   |   | 16.8 |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **SG&A**                                                       |   |   | 0.63 |   |   | 0.99 |   |   | 36.3 |   |   | 2.22 |   |   | 2.77 |   |   | 19.7 |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *Reconciliation                    of net income (loss) to EBITDA* |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Net                    Income (loss)**                           |   |   | (15.77 | ) |   | 0.82 |   |   |   |   |   | (15.40 | ) |   | 0.70 |   |   |   |   |
| Interest                    Expense, Net                           |   |   | 2.24 |   |   | 2.11 |   |   |   |   |   | 6.50 |   |   | 6.28 |   |   |   |   |
| Provision                    (benefit) for income taxes            |   |   | 1.15 |   |   | 0.47 |   |   |   |   |   | 1.37 |   |   | 0.23 |   |   |   |   |
| Depreciation                    and amortization                   |   |   | 1.79 |   |   | 1.77 |   |   |   |   |   | 5.34 |   |   | 5.30 |   |   |   |   |
| **EBITDA**                                                         |   |   | (10.58 | ) |   | 5.17 |   |   | (304.9 | ) |   | (2.19 | ) |   | 12.51 |   |   | (117.5 | ) |

| **AIRPORT                    PARKING**                             |   |
|--------------------------------------------------------------------|--------|
|                                                               |   | **Quarter                    Ended September 30,** |   |  **Nine                    Months Ended September 30,** |   |
|                                                               |   | **2007** |   | **2006** |   | **Change** |   | **2007** |   | **2006** |   | **Change** |   |
|                                                               |   | $ |   | $ |   | % |   | $ |   | $ |   | % |   |
| **Total                    Revenue**                               |   |   | 19.41 |   |   | 18.92 |   |   | 2.6 |   |   | 58.29 |   |   | 56.92 |   |   | 2.4 |   |
| **Direct                    Expenses**                             |   |   | 14.70 |   |   | 13.70 |   |   | (7.3 | ) |   | 43.61 |   |   | 40.66 |   |   | (7.3 | ) |
| **Gross                    Profit**                                |   |   | 4.71 |   |   | 5.22 |   |   | (9.7 | ) |   | 14.68 |   |   | 16.26 |   |   | (9.7 | ) |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **SG&A**                                                       |   |   | 2.03 |   |   | 1.31 |   |   | (54.6 | ) |   | 6.42 |   |   | 4.58 |   |   | (40.1 | ) |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Unrealized                    Gain on Derivatives                  |   |   | (0.04 | ) |   | (0.80 | ) |   | 94.6 |   |   | 0.07 |   |   | 0.21 |   |   | 68.3 |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| *Reconciliation                    of net (loss) income to EBITDA* |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Net                    (loss) Income**                           |   |   | (1.04 | ) |   | (1.22 | ) |   |   |   |   | (2.87 | ) |   | (1.09 | ) |   |   |   |
| Interest                    Expense, Net                           |   |   | 4.03 |   |   | 4.86 |   |   |   |   |   | 12.02 |   |   | 13.09 |   |   |   |   |
| Provision                    for income taxes                      |   |   | (0.83 | ) |   | (0.74 | ) |   |   |   |   | (2.28 | ) |   | (0.79 | ) |   |   |   |
| Depreciation                    and amortization                   |   |   | 1.89 |   |   | 1.47 |   |   |   |   |   | 5.49 |   |   | 3.96 |   |   |   |   |
| **EBITDA**                                                         |   |   | 4.05 |   |   | 4.37 |   |   | (7.2 | ) |   | 12.35 |   |   | 15.17 |   |   | (18.6 | ) |

----