| (Mark One) |                                                                                    |
|------------|-----------------------------------------------------------------------------------------|
| x          | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |

| o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|------------------------------------------------------------------------------------------|

| Delaware                                                      |   | 43-2052503                       |
|---------------------------------------------------------------|--------|----------------------------------|
| (State or Other Jurisdiction ofIncorporation or Organization) |   | (IRS EmployerIdentification No.) |

|         Large Accelerated Filer o |   | Accelerated Filer x |   | Non-accelerated Filer o |   | Smaller Reporting Company o |
|---------------------------------------------------------------------------|--------|---------------------|--------|-------------------------|--------|-----------------------------|

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|                                                                                                                                                              |   | Page   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|
| PART I. FINANCIAL INFORMATION                                                                                                                                     |   |   |    |   |
|  Management’s Discussion and Analysis of Financial Condition and Results of Operations                                                                 |   |   | 1 |   |
|  Quantitative and Qualitative Disclosure About Market Risk                                                                                                   |   |   | 28 |   |
| Item 4.     Controls and Procedures                                                                                                           |   |   | 28 |   |
|  Consolidated Condensed Balance Sheets as of September 30, 2010 (Unaudited) and  December 31, 2009                                                 |   |   | 29 |   |
|  Consolidated Condensed Statements of Operations for the Quarters and Nine Months Ended September 30, 2010 and 2009 (Unaudited)                              |   |   | 30 |   |
|  Consolidated Condensed Statements of Cash Flows for the Nine Months Ended September 30, 2010 and 2009 (Unaudited)                                           |   |   | 31 |   |
|                  Notes to Consolidated Condensed Financial Statements (Unaudited) |   |   | 33 |   |
| PART II. OTHER INFORMATION                                                                                                                                        |   |   |    |   |
| Item 1.     Legal Proceedings                                                                                                            |   |   | 50 |   |
| Item 1A.  Risk Factors                                                                                                                                  |   |   | 50 |   |
| Item 2.     Unregistered Sales of Equity Securities and Use of Proceeds                                                                  |   |   | 50 |   |
| Item 3.     Defaults Upon Senior Securities                                                                                              |   |   | 50 |   |
| Item 4.     Submission of Matters to a Vote of Security Holders [Reserved]                                                               |   |   | 50 |   |
| Item 5.     Other Information                                                                                                            |   |   | 50 |   |
| Item 6.     Exhibits                                                                                                                     |   |   | 50 |   |

----

PART I

Management’s Discussion and Analysis of Financial Condition and Results of Operations

----

| • | strong performance in our energy-related businesses reflecting: |
|---------|-----------------------------------------------------------------|

| • | increase in revenue and gross profit from IMTT spill response activity in the Gulf Coast; |
|---------|-------------------------------------------------------------------------------------------|

| • | increases in average storage rates and storage capacity at IMTT; |
|---------|-----------------------------------------------------------------------|

| • | increase in underlying margins and flat volumes at The Gas Company; and |
|---------|-------------------------------------------------------------------------|

| • | increase in gross profit at District Energy driven by higher average temperatures and a net increase in contracted capacity from new customers. |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | contribution from Atlantic Aviation reflecting: |
|---------|-------------------------------------------------|

| • | higher general aviation fuel volumes; |
|---------|---------------------------------------|

| • | cost reductions; and |
|---------|----------------------|

| • | lower interest expense as a result of the early repayment of the outstanding term loan debt; partially offset by |
|---------|------------------------------------------------------------------------------------------------------------------|

| • | a decrease in non-fuel revenue, primarily driven by lower tie-down and miscellaneous fixed base operation related services. |
|---------|-----------------------------------------------------------------------------------------------------------------------------|

----

|                                                                         |   | Quarter Ended September 30,       |    | Change(from 2009 to 2010)Favorable/(Unfavorable) |   | Nine Months Ended September 30, |   | Change(from 2009 to 2010)Favorable/(Unfavorable) |    |
|------------------------------------------------------------------------------|--------|-----------------------------------|---------|--------------------------------------------------|--------|---------------------------------|--------|--------------------------------------------------|---------|
|                                                                         |   | 2010                              |    | 2009 (1)                                         |   |  $                         |   | %                                                |    |   | 2010 |   |   | 2009(1) |   |  $ |   | % |   |
|                                                                         |   | ($ in Thousands) (Unaudited) |    |
|                                                                         |   |                              |    |                                             |   |                            |   |                                             |    |   |   |   |   |   |   |   |   |   |   |
| Revenue                                                                      |   |                              |    |                                             |   |                            |   |                                             |    |   |   |   |   |   |   |   |   |   |   |
| Revenue from product sales                                                   |   | $                                 | 129,217 |                                             | $      | 103,017                         |   |                                             | 26,200  |   | 25.4 |   | $ | 374,412 |   | $ | 281,639 |   |   | 92,773 |   | 32.9 |   |
| Revenue from product sales - utility                                         |   |                              | 28,232  |                                             |   | 26,056                          |   |                                             | 2,176   |   | 8.4 |   |   | 83,517 |   |   | 67,637 |   |   | 15,880 |   | 23.5 |   |
| Service revenue                                                              |   |                              | 54,598  |                                             |   | 55,299                          |   |                                             | (701    | ) | (1.3 | ) |   | 157,598 |   |   | 163,603 |   |   | (6,005 | ) | (3.7 | ) |
| Financing and equipment lease income                                         |   |                              | 1,251   |                                             |   | 1,190                           |   |                                             | 61      |   | 5.1 |   |   | 3,767 |   |   | 3,587 |   |   | 180 |   | 5.0 |   |
| Total revenue                                                           |   |                              | 213,298 |                                             |   | 185,562                         |   |                                             | 27,736  |   | 14.9 |   |   | 619,294 |   |   | 516,466 |   |   | 102,828 |   | 19.9 |   |
|                                                                         |   |                              |    |                                             |   |                            |   |                                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Costs and expenses                                                           |   |                              |    |                                             |   |                            |   |                                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cost of product sales                                                        |   |                              | 78,843  |                                             |   | 61,923                          |   |                                             | (16,920 | ) | (27.3 | ) |   | 235,784 |   |   | 162,334 |   |   | (73,450 | ) | (45.2 | ) |
| Cost of product sales - utility                                              |   |                              | 22,467  |                                             |   | 20,088                          |   |                                             | (2,379  | ) | (11.8 | ) |   | 66,931 |   |   | 52,024 |   |   | (14,907 | ) | (28.7 | ) |
| Cost of services                                                             |   |                              | 16,625  |                                             |   | 13,460                          |   |                                             | (3,165  | ) | (23.5 | ) |   | 41,088 |   |   | 35,600 |   |   | (5,488 | ) | (15.4 | ) |
|    Gross profit                                               |   |                              | 95,363  |                                             |   | 90,091                          |   |                                             | 5,272   |   | 5.9 |   |   | 275,491 |   |   | 266,508 |   |   | 8,983 |   | 3.4 |   |
|                                                                         |   |                              |    |                                             |   |                            |   |                                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Selling, general and administrative                                          |   |                              | 50,486  |                                             |   | 50,054                          |   |                                             | (432    | ) | (0.9 | ) |   | 150,742 |   |   | 154,922 |   |   | 4,180 |   | 2.7 |   |
| Fees to manager - related party                                              |   |                              | 2,380   |                                             |   | 1,639                           |   |                                             | (741    | ) | (45.2 | ) |   | 6,837 |   |   | 2,952 |   |   | (3,885 | ) | (131.6 | ) |
| Goodwill impairment                                                          |   |                              | -       |                                             |   | -                               |   |                                             | -       |   | - |   |   | - |   |   | 71,200 |   |   | 71,200 |   | NM |   |
| Depreciation                                                                 |   |                              | 6,973   |                                             |   | 7,177                           |   |                                             | 204     |   | 2.8 |   |   | 21,897 |   |   | 29,597 |   |   | 7,700 |   | 26.0 |   |
| Amortization of intangibles                                                  |   |                              | 8,743   |                                             |   | 9,126                           |   |                                             | 383     |   | 4.2 |   |   | 26,154 |   |   | 51,923 |   |   | 25,769 |   | 49.6 |   |
|                                                                         |   |                              |    |                                             |   |                            |   |                                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total operating expenses                                                |   |                              | 68,582  |                                             |   | 67,996                          |   |                                             | (586    | ) | (0.9 | ) |   | 205,630 |   |   | 310,594 |   |   | 104,964 |   | 33.8 |   |
|                                                                         |   |                              |    |                                             |   |                            |   |                                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating income (loss)                                                      |   |                              | 26,781  |                                             |   | 22,095                          |   |                                             | 4,686   |   | 21.2 |   |   | 69,861 |   |   | (44,086 | ) |   | 113,947 |   | NM |   |
|                                                                         |   |                              |    |                                             |   |                            |   |                                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other income (expense)                                                       |   |                              |    |                                             |   |                            |   |                                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest income                                                              |   |                              | 2       |                                             |   | 7                               |   |                                             | (5      | ) | (71.4 | ) |   | 22 |   |   | 108 |   |   | (86 | ) | (79.6 | ) |
| Interest expense (2)                                                         |   |                              | (24,844 | )                                                |   | (39,308                         | )      |                                             | 14,464  |   | 36.8 |   |   | (98,505 | ) |   | (74,977 | ) |   | (23,528 | ) | (31.4 | ) |
| Equity in earnings and amortization                                          |   |                              |    |                                             |   |                            |   |                                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   charges of investees                                             |   |                              | 7,804   |                                             |   | 1,178                           |   |                                             | 6,626   |   | NM |   |   | 19,171 |   |   | 16,655 |   |   | 2,516 |   | 15.1 |   |
| Loss on derivative instruments                                               |   |                              | -       |                                             |   | -                               |   |                                             | -       |   | - |   |   | - |   |   | (25,238 | ) |   | 25,238 |   | NM |   |
| Other income, net                                                            |   |                              | 1,269   |                                             |   | 296                             |   |                                             | 973     |   | NM |   |   | 821 |   |   | 1,146 |   |   | (325 | ) | (28.4 | ) |
|                                                                         |   |                              |    |                                             |   |                            |   |                                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss) from continuing operations before income taxes             |   |                              | 11,012  |                                             |   | (15,732                         | )      |                                             | 26,744  |   | 170.0 |   |   | (8,630 | ) |   | (126,392 | ) |   | 117,762 |   | 93.2 |   |
| (Provision) benefit for income taxes                                         |   |                              | (2,036  | )                                                |   | (984                            | )      |                                             | (1,052  | ) | (106.9 | ) |   | 12,541 |   |   | 36,403 |   |   | (23,862 | ) | (65.5 | ) |
|                                                                         |   |                              |    |                                             |   |                            |   |                                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss) from continuing operations                                 |   | $                                 | 8,976   |                                             | $      | (16,716                         | )      |                                             | 25,692  |   | 153.7 |   | $ | 3,911 |   | $ | (89,989 | ) |   | 93,900 |   | 104.3 |   |
| Net (loss) income from discontinued operations, net of taxes                 |   |                              | -       |                                             |   | (1,680                          | )      |                                             | 1,680   |   | NM |   |   | 81,199 |   |   | (11,263 | ) |   | 92,462 |   | NM |   |
| Net income (loss)                                                            |   | $                                 | 8,976   |                                             | $      | (18,396                         | )      |                                             | 27,372  |   | 148.8 |   | $ | 85,110 |   | $ | (101,252 | ) |   | 186,362 |   | 184.1 |   |
|   Less: net income (loss) attributable to noncontrolling interests |   |                              | 34      |                                             |   | (48                             | )      |                                             | (82     | ) | (170.8 | ) |   | (1,317 | ) |   | (920 | ) |   | 397 |   | 43.2 |   |
| Net income (loss) attributable to MIC LLC                                    |   | $                                 | 8,942   |                                             | $      | (18,348                         | )      |                                             | 27,290  |   | 148.7 |   | $ | 86,427 |   | $ | (100,332 | ) |   | 186,759 |   | 186.1 |   |

| ___________________                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| NM - Not meaningful                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (1) Reclassified to conform to current period presentation.                                                                                                                                                                                                                                                     |   |
| (2) Interest expense includes non-cash losses on derivative instruments of $3.8 million and $35.5 million for the quarter and nine months ended September 30, 2010, respectively, and non-cash losses of $17.9 million and $4.8 million for the quarter and nine months ended September 30, 2009, respectively. |   |

----

----

| Net loss from continuing operations before income taxes and noncontrolling interests                     |   | $      | (8.6   | )      |
|----------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|
| Adjustments for less than 80% owned businesses                                                           |   |   | (17.2  | )      |
| State income taxes                                                                                       |   |   | 1.3    |   |
| Other adjustments                                                                                        |   |   | (0.4   | )      |
| Taxable loss for the nine months ended September 30, 2010                                                |   | $      | (24.9  | )      |
|                                                                                                     |   |   |   |   |
| Accordingly, our tax benefit for the nine months ended September 30, 2010 is as follows ($ in millions): |   |
|                                                                                                     |   |   |   |   |
| Federal tax benefit at 35% on the tax loss for the nine months ended September 30, 2010                  |   | $      | 8.7    |   |
| Reduction in valuation allowance (discussed below)                                                       |   |   | 2.6    |   |
| State income tax benefit                                                                                 |   |   | 1.2    |   |
| Total tax benefit                                                                                        |   | $      | 12.5   |   |

----

----

|                                                                     | Quarter Ended September 30, |                         | Change(from 2009 to 2010)Favorable/(Unfavorable) |     | Nine Months Ended September 30, |    | Change(from 2009 to 2010)Favorable/(Unfavorable) |   |
|--------------------------------------------------------------------------|-----------------------------|------------------------------|--------------------------------------------------|----------|---------------------------------|---------|--------------------------------------------------|--------|
|                                                                     | 2010                        |                         |                                             | 2009 (1) |                            |  $ |                                             | %      |   |   | 2010 |   |   | 2009(1) |   |  $ |   | % |   |
|                                                                     |                        | ($ in Thousands) (Unaudited) |                                             |     |
| Net income (loss) attributable to MIC LLC from continuing operations (2) |                        | $                            | 8,942                                            |     |                            | $       | (16,890                                          | )      |   |   |   |   | $ | 5,364 |   | $ | (90,504 | ) |   |   |   |   |
| Interest expense, net (3)                                                |                        |                         | 24,842                                           |     |                            |    | 39,301                                           |   |   |   |   |   |   | 98,483 |   |   | 74,869 |   |   |   |   |   |
| Provision (benefit) for income taxes                                     |                        |                         | 2,036                                            |     |                            |    | 984                                              |   |   |   |   |   |   | (12,541 | ) |   | (36,403 | ) |   |   |   |   |
| Depreciation (4)                                                         |                        |                         | 6,973                                            |     |                            |    | 7,177                                            |   |   |   |   |   |   | 21,897 |   |   | 29,597 |   |   |   |   |   |
| Depreciation - cost of services (4)                                      |                        |                         | 1,639                                            |     |                            |    | 1,541                                            |   |   |   |   |   |   | 4,910 |   |   | 4,506 |   |   |   |   |   |
| Amortization of intangibles (5)                                          |                        |                         | 8,743                                            |     |                            |    | 9,126                                            |   |   |   |   |   |   | 26,154 |   |   | 51,923 |   |   |   |   |   |
| Goodwill impairment                                                      |                        |                         | -                                                |     |                            |    | -                                                |   |   |   |   |   |   | - |   |   | 71,200 |   |   |   |   |   |
| Loss on derivative instruments                                           |                        |                         | -                                                |     |                            |    | -                                                |   |   |   |   |   |   | - |   |   | 25,238 |   |   |   |   |   |
| Equity in earnings and amortization                                      |                        |                         |                                             |     |                            |    |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   charges of investees (6)                                     |                        |                         | 2,196                                            |     |                            |    | (1,178                                           | )      |   |   |   |   |   | (4,171 | ) |   | (9,655 | ) |   |   |   |   |
| Base management fees settled in LLC interests                            |                        |                         | -                                                |     |                            |    | 1,639                                            |   |   |   |   |   |   | 2,189 |   |   | 2,490 |   |   |   |   |   |
| Other non-cash expense, net                                              |                        |                         | 902                                              |     |                            |    | 991                                              |   |   |   |   |   |   | 1,672 |   |   | 1,069 |   |   |   |   |   |
| EBITDA excluding non-cash items from continuing operations               |                        | $                            | 56,273                                           |     |                            | $       | 42,691                                           |   |   | 13,582 |   | 31.8 |   | $ | 143,957 |   | $ | 124,330 |   |   | 19,627 |   | 15.8 |   |
|                                                                     |                        |                         |                                             |     |                            |    |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| EBITDA excluding non-cash items from continuing operations               |                        | $                            | 56,273                                           |     |                            | $       | 42,691                                           |   |   |   |   |   |   | $ | 143,957 |   | $ | 124,330 |   |   |   |   |   |   |
| Interest expense, net (3)                                                |                        |                         | (24,842                                          | )        |                            |    | (39,301                                          | )      |   |   |   |   |   |   | (98,483 | ) |   | (74,869 | ) |   |   |   |   |   |
| Interest rate swap breakage fees (3)                                     |                        |                         | (1,484                                           | )        |                            |    | (1,185                                           | )      |   |   |   |   |   |   | (4,689 | ) |   | (7,862 | ) |   |   |   |   |   |
| Non-cash derivative losses recorded in interest expense (3)              |                        |                         | 5,307                                            |     |                            |    | 19,047                                           |   |   |   |   |   |   |   | 40,186 |   |   | 12,659 |   |   |   |   |   |   |
|     Amortization of debt financing costs (3)              |                        |                         | 1,043                                            |     |                            |    | 1,310                                            |   |   |   |   |   |   |   | 3,299 |   |   | 3,824 |   |   |   |   |   |   |
| Equipment lease receivables, net                                         |                        |                         | 751                                              |     |                            |    | 651                                              |   |   |   |   |   |   |   | 2,202 |   |   | 2,058 |   |   |   |   |   |   |
| Provision/benefit for income taxes, net of changes in deferred taxes     |                        |                         | 325                                              |     |                            |    | (126                                             | )      |   |   |   |   |   |   | (1,144 | ) |   | (870 | ) |   |   |   |   |   |
| Changes in working capital                                               |                        |                         | 963                                              |     |                            |    | 1,295                                            |   |   |   |   |   |   |   | (5,346 | ) |   | 4,874 |   |   |   |   |   |   |
| Cash provided by operating activities                                    |                        |                         | 38,336                                           |     |                            |    | 24,382                                           |   |   |   |   |   |   |   | 79,982 |   |   | 64,144 |   |   |   |   |   |   |
| Changes in working capital                                               |                        |                         | (963                                             | )        |                            |    | (1,295                                           | )      |   |   |   |   |   |   | 5,346 |   |   | (4,874 | ) |   |   |   |   |   |
| Maintenance capital expenditures                                         |                        |                         | (3,053                                           | )        |                            |    | (2,749                                           | )      |   |   |   |   |   |   | (6,802 | ) |   | (5,984 | ) |   |   |   |   |   |
| Free cash flow from continuing operations                                |                        | $                            | 34,320                                           |     |                            | $       | 20,338                                           |   |   | 13,982 |   | 68.7 |   | $ | 78,526 |   | $ | 53,286 |   |   | 25,240 |   | 47.4 |   |
|                                                                     |                        |                         |                                             |     |                            |    |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| ___________________                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (1) Reclassified to conform to current period presentation.                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| (2) Net income (loss) attributable to MIC LLC from continuing operations excludes net income attributable to noncontrolling interests of $34,000 and net loss attributable to noncontrolling interests of $1.453 million for the quarter and nine months ended September 30, 2010, respectively, and net income attributable to noncontrolling interests of $174,000 and $515,000 for the quarter and nine months ended September 30, 2009, respectively.                                                                 |   |
| (3) Interest expense, net, includes non-cash losses on derivative instruments, non-cash amortization of deferred financing fees and interest rate swap breakage fees.                                                                                                                                                                                                                                                                                                                                                     |   |
| (4) Depreciation - cost of services includes depreciation expense for District Energy, which is reported in cost of services in our consolidated condensed statements of operations. Depreciation and Depreciation - cost of services does not include acquisition-related step-up depreciation expense of $1.7 million for each quarter in connection with our investment in IMTT, which is reported in equity in earnings and amortization charges of investees in our consolidated condensed statements of operations. |   |
| (5) Amortization of intangibles does not include acquisition-related step-up amortization expense of $283,000 for each quarter related to intangible assets in connection with our investment in IMTT, which is reported in equity in earnings and amortization charges of investees in our consolidated condensed statements of operations.                                                                                                                                                                              |   |
| (6) Equity in earnings and amortization charges of investees in the above table includes our 50% share of IMTT's earnings, offset by distributions we received only up to our share of the earnings recorded.                                                                                                                                                                                                                                                                                                             |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| • | environmental response service revenue and gross profit increased principally due to spill response work and other activities related to the oil spill in the Gulf of Mexico; and |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | terminal revenue and gross profit increased principally due to: |
|---------|-----------------------------------------------------------------|

| • | increases in average tank rental rates; and |
|---------|---------------------------------------------|

| • | increase in volume of storage under contract. |
|---------|-----------------------------------------------|

----

|                                                               |   | Quarter EndedSeptember 30,   |    |            |   | Nine Months EndedSeptember 30, |   |        |    |
|--------------------------------------------------------------------|--------|------------------------------|---------|-----------------|--------|--------------------------------|--------|-------------|---------|
|                                                               |   |   2010                  |    |   2009 (1) |   | ChangeFavorable/(Unfavorable)  |   |   2010 |    |   2009 (1) |   | ChangeFavorable/(Unfavorable) |   |
|                                                               |   |  $                      |    | $               |   | $                              |   | %           |    |  $ |   | $ |   | $ |   | % |   |
|                                                               |   | ($ In Thousands) (Unaudited) |    |
| Revenue                                                            |   |                         |    |            |   |                           |   |        |    |   |   |   |   |   |   |   |   |
| Terminal revenue                                                   |   |                         | 91,825  |            |   | 80,962                         |   |        | 10,863  |   |   | 13.4 |   |   | 278,122 |   |   | 242,524 |   |   | 35,598 |   |   | 14.7 |   |
| Environmental response revenue                                     |   |                         | 90,377  |            |   | 4,206                          |   |        | 86,171  |   | NM |   |   | 169,353 |   |   | 11,421 |   |   | 157,932 |   | NM |   |
| Total revenue                                                      |   |                         | 182,202 |            |   | 85,168                         |   |        | 97,034  |   |   | 113.9 |   |   | 447,475 |   |   | 253,945 |   |   | 193,530 |   |   | 76.2 |   |
|                                                               |   |                         |    |            |   |                           |   |        |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Costs and expenses                                                 |   |                         |    |            |   |                           |   |        |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Terminal operating costs                                           |   |                         | 42,300  |            |   | 38,114                         |   |        | (4,186  | ) |   | (11.0 | ) |   | 124,846 |   |   | 114,577 |   |   | (10,269 | ) |   | (9.0 | ) |
| Environmental response operating costs                             |   |                         | 58,728  |            |   | 3,829                          |   |        | (54,899 | ) | NM |   |   | 108,199 |   |   | 11,759 |   |   | (96,440 | ) | NM |   |
| Total operating costs                                              |   |                         | 101,028 |            |   | 41,943                         |   |        | (59,085 | ) |   | (140.9 | ) |   | 233,045 |   |   | 126,336 |   |   | (106,709 | ) |   | (84.5 | ) |
|                                                               |   |                         |    |            |   |                           |   |        |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Terminal gross profit                                              |   |                         | 49,525  |            |   | 42,848                         |   |        | 6,677   |   |   | 15.6 |   |   | 153,276 |   |   | 127,947 |   |   | 25,329 |   |   | 19.8 |   |
| Environmental response gross profit                                |   |                         | 31,649  |            |   | 377                            |   |        | 31,272  |   | NM |   |   | 61,154 |   |   | (338 | ) |   | 61,492 |   | NM |   |
| Gross profit                                                       |   |                         | 81,174  |            |   | 43,225                         |   |        | 37,949  |   |   | 87.8 |   |   | 214,430 |   |   | 127,609 |   |   | 86,821 |   |   | 68.0 |   |
|                                                               |   |                         |    |            |   |                           |   |        |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| General and administrative expenses                                |   |                         | 10,839  |            |   | 6,653                          |   |        | (4,186  | ) |   | (62.9 | ) |   | 29,802 |   |   | 19,220 |   |   | (10,582 | ) |   | (55.1 | ) |
| Depreciation and amortization                                      |   |                         | 16,602  |            |   | 13,457                         |   |        | (3,145  | ) |   | (23.4 | ) |   | 46,136 |   |   | 39,735 |   |   | (6,401 | ) |   | (16.1 | ) |
| Operating income                                                   |   |                         | 53,733  |            |   | 23,115                         |   |        | 30,618  |   |   | 132.5 |   |   | 138,492 |   |   | 68,654 |   |   | 69,838 |   |   | 101.7 |   |
|                                                               |   |                         |    |            |   |                           |   |        |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense, net (2)                                          |   |                         | (20,586 | )               |   | (15,452                        | )      |        | (5,134  | ) |   | (33.2 | ) |   | (58,485 | ) |   | (4,842 | ) |   | (53,643 | ) | NM |   |
| Other income                                                       |   |                         | 220     |            |   | 340                            |   |        | (120    | ) |   | (35.3 | ) |   | 1,581 |   |   | 172 |   |   | 1,409 |   | NM |   |
| Unrealized gains on derivative instruments                         |   |                         | -       |            |   | -                              |   |        | -       |   |   | - |   |   | - |   |   | 3,306 |   |   | (3,306 | ) | NM |   |
| Provision for income taxes                                         |   |                         | (15,546 | )               |   | (3,137                         | )      |        | (12,409 | ) | NM |   |   | (35,902 | ) |   | (27,035 | ) |   | (8,867 | ) |   | (32.8 | ) |
| Noncontrolling interests                                           |   |                         | 153     |            |   | (145                           | )      |        | 298     |   | NM |   |   | (247 | ) |   | 152 |   |   | (399 | ) | NM |   |
| Net income                                                         |   |                         | 17,974  |            |   | 4,721                          |   |        | 13,253  |   | NM |   |   | 45,439 |   |   | 40,407 |   |   | 5,032 |   |   | 12.5 |   |
|                                                               |   |                         |    |            |   |                           |   |        |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Reconciliation of net income to EBITDA excluding non-cash items:   |   |                         |    |            |   |                           |   |
| Net income                                                         |   |                         | 17,974  |            |   | 4,721                          |   |        |    |   |   |   |   |   | 45,439 |   |   | 40,407 |   |   |   |   |   |   |   |
| Interest expense, net (2)                                          |   |                         | 20,586  |            |   | 15,452                         |   |        |    |   |   |   |   |   | 58,485 |   |   | 4,842 |   |   |   |   |   |   |   |
| Provision for income taxes                                         |   |                         | 15,546  |            |   | 3,137                          |   |        |    |   |   |   |   |   | 35,902 |   |   | 27,035 |   |   |   |   |   |   |   |
| Depreciation and amortization                                      |   |                         | 16,602  |            |   | 13,457                         |   |        |    |   |   |   |   |   | 46,136 |   |   | 39,735 |   |   |   |   |   |   |   |
| Unrealized gains on derivative instruments                         |   |                         | -       |            |   | -                              |   |        |    |   |   |   |   |   | - |   |   | (3,306 | ) |   |   |   |   |   |   |
| Other non-cash (income) expenses                                   |   |                         | (518    | )               |   | 378                            |   |        |    |   |   |   |   |   | (273 | ) |   | (291 | ) |   |   |   |   |   |   |
| EBITDA excluding non-cash items                                    |   |                         | 70,190  |            |   | 37,145                         |   |        | 33,045  |   |   | 89.0 |   |   | 185,689 |   |   | 108,422 |   |   | 77,267 |   |   | 71.3 |   |
|                                                               |   |                         |    |            |   |                           |   |        |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| EBITDA excluding non-cash items                                    |   |                         | 70,190  |            |   | 37,145                         |   |        |    |   |   |   |   |   | 185,689 |   |   | 108,422 |   |   |   |   |   |   |   |
| Interest expense, net (2)                                          |   |                         | (20,586 | )               |   | (15,452                        | )      |        |    |   |   |   |   |   | (58,485 | ) |   | (4,842 | ) |   |   |   |   |   |   |
| Non-cash derivative losses (gains) recorded in interest expense(2) |   |                         | 11,041  |            |   | 8,074                          |   |        |    |   |   |   |   |   | 33,094 |   |   | (17,148 | ) |   |   |   |   |   |   |
| Amortization of debt financing costs (2)                           |   |                         | 618     |            |   | 118                            |   |        |    |   |   |   |   |   | 1,328 |   |   | 353 |   |   |   |   |   |   |   |
| Provision for income taxes, net of changes in deferred taxes       |   |                         | (6,580  | )               |   | (1,020                         | )      |        |    |   |   |   |   |   | (10,812 | ) |   | (2,567 | ) |   |   |   |   |   |   |
| Changes in working capital                                         |   |                         | 7,761   |            |   | (3,030                         | )      |        |    |   |   |   |   |   | (19,693 | ) |   | 8,453 |   |   |   |   |   |   |   |
| Cash provided by operating activities                              |   |                         | 62,444  |            |   | 25,835                         |   |        |    |   |   |   |   |   | 131,121 |   |   | 92,671 |   |   |   |   |   |   |   |
| Changes in working capital                                         |   |                         | (7,761  | )               |   | 3,030                          |   |        |    |   |   |   |   |   | 19,693 |   |   | (8,453 | ) |   |   |   |   |   |   |
| Maintenance capital expenditures                                   |   |                         | (10,138 | )               |   | (10,183                        | )      |        |    |   |   |   |   |   | (29,169 | ) |   | (26,864 | ) |   |   |   |   |   |   |
| Free cash flow                                                     |   |                         | 44,545  |            |   | 18,682                         |   |        | 25,863  |   |   | 138.4 |   |   | 121,645 |   |   | 57,354 |   |   | 64,291 |   |   | 112.1 |   |

| ___________________                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| NM - Not meaningful                                                                                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (1) Reclassified to conform to current period presentation.                                                                                      |
| (2) Interest expense, net, includes non-cash gains (losses) on derivative instruments and non-cash amortization of deferred financing fees. |

----

----

|                                                             |   | Quarter EndedSeptember 30,         |   |   |            |   |                          |   | Nine Months EndedSeptember 30, |        |   |            |   |                          |
|------------------------------------------------------------------|--------|------------------------------------|--------|--------|-----------------|--------|-------------------------------|--------|--------------------------------|-------------|--------|-----------------|--------|-------------------------------|
|                                                             |   |   2010                        |   |   |   2009 (1) |   | ChangeFavorable/(Unfavorable) |   |                           |   2010 |   |   2009 (1) |   | ChangeFavorable/(Unfavorable) |   |
|                                                             |   |  $                            |   |   |  $         |   |  $                       |   | %                              |        |   |  $         |   |  $                       |   |  $ |   | % |   |
|                                                             |   |  ($ In Thousands) (Unaudited) |   |
| Contribution margin                                              |   |                               |   |   |            |   |                          |   |                           |        |   |            |   |                          |   |   |   |   |   |
| Revenue - utility                                                |   |                               | 28,232 |   |            |   | 26,056                        |   |                           | 2,176       |   |            | 8.4    |                          |   |   | 83,517 |   |   | 67,637 |   |   | 15,880 |   |   | 23.5 |   |
| Cost of revenue - utility                                        |   |                               | 18,904 |   |            |   | 16,535                        |   |                           | (2,369      | )      |            | (14.3  | )                             |   |   | 56,178 |   |   | 41,865 |   |   | (14,313 | ) |   | (34.2 | ) |
| Contribution margin - utility                                    |   |                               | 9,328  |   |            |   | 9,521                         |   |                           | (193        | )      |            | (2.0   | )                             |   |   | 27,339 |   |   | 25,772 |   |   | 1,567 |   |   | 6.1 |   |
| Revenue - non-utility                                            |   |                               | 23,214 |   |            |   | 18,680                        |   |                           | 4,534       |   |            | 24.3   |                          |   |   | 72,760 |   |   | 58,145 |   |   | 14,615 |   |   | 25.1 |   |
| Cost of revenue - non-utility                                    |   |                               | 11,179 |   |            |   | 8,952                         |   |                           | (2,227      | )      |            | (24.9  | )                             |   |   | 37,024 |   |   | 26,569 |   |   | (10,455 | ) |   | (39.4 | ) |
| Contribution margin - non-utility                                |   |                               | 12,035 |   |            |   | 9,728                         |   |                           | 2,307       |   |            | 23.7   |                          |   |   | 35,736 |   |   | 31,576 |   |   | 4,160 |   |   | 13.2 |   |
| Total contribution margin                                        |   |                               | 21,363 |   |            |   | 19,249                        |   |                           | 2,114       |   |            | 11.0   |                          |   |   | 63,075 |   |   | 57,348 |   |   | 5,727 |   |   | 10.0 |   |
| Production                                                       |   |                               | 1,718  |   |            |   | 1,684                         |   |                           | (34         | )      |            | (2.0   | )                             |   |   | 5,126 |   |   | 4,778 |   |   | (348 | ) |   | (7.3 | ) |
| Transmission and distribution                                    |   |                               | 4,919  |   |            |   | 5,003                         |   |                           | 84          |   |            | 1.7    |                          |   |   | 15,050 |   |   | 14,375 |   |   | (675 | ) |   | (4.7 | ) |
| Gross profit                                                     |   |                               | 14,726 |   |            |   | 12,562                        |   |                           | 2,164       |   |            | 17.2   |                          |   |   | 42,899 |   |   | 38,195 |   |   | 4,704 |   |   | 12.3 |   |
| Selling, general and administrative expenses                     |   |                               | 4,259  |   |            |   | 4,212                         |   |                           | (47         | )      |            | (1.1   | )                             |   |   | 12,557 |   |   | 12,057 |   |   | (500 | ) |   | (4.1 | ) |
| Depreciation and amortization                                    |   |                               | 1,492  |   |            |   | 1,713                         |   |                           | 221         |   |            | 12.9   |                          |   |   | 4,926 |   |   | 5,135 |   |   | 209 |   |   | 4.1 |   |
| Operating income                                                 |   |                               | 8,975  |   |            |   | 6,637                         |   |                           | 2,338       |   |            | 35.2   |                          |   |   | 25,416 |   |   | 21,003 |   |   | 4,413 |   |   | 21.0 |   |
| Interest expense, net (2)                                        |   |                               | (5,047 | )      |            |   | (5,406                        | )      |                           | 359         |   |            | 6.6    |                          |   |   | (15,780 | ) |   | (6,774 | ) |   | (9,006 | ) |   | (132.9 | ) |
| Other income (expense)                                           |   |                               | 1      |   |            |   | (91                           | )      |                           | 92          |   |            | 101.1  |                          |   |   | (10 | ) |   | (216 | ) |   | 206 |   |   | 95.4 |   |
| Unrealized losses on derivative instruments                      |   |                               | -      |   |            |   | -                             |   |                           | -           |   |            | -      |                          |   |   | - |   |   | (327 | ) |   | 327 |   | NM |   |
| Provision for income taxes                                       |   |                               | (1,538 | )      |            |   | (446                          | )      |                           | (1,092      | )      | NM              |   |                          |   | (3,769 | ) |   | (5,359 | ) |   | 1,590 |   |   | 29.7 |   |
| Net income (3)                                                   |   |                               | 2,391  |   |            |   | 694                           |   |                           | 1,697       |   | NM              |   |                          |   | 5,857 |   |   | 8,327 |   |   | (2,470 | ) |   | (29.7 | ) |
|                                                             |   |                               |   |   |            |   |                          |   |                           |        |   |            |   |                          |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Reconciliation of net income to EBITDA excluding non-cash items: |   |                               |   |   |            |   |                          |   |                           |        |   |            |   |                          |   |   |   |
| Net income (3)                                                   |   |                               | 2,391  |   |            |   | 694                           |   |                           |        |   |            |   |                          |   |   | 5,857 |   |   | 8,327 |   |   |   |   |   |   |   |
| Interest expense, net (2)                                        |   |                               | 5,047  |   |            |   | 5,406                         |   |                           |        |   |            |   |                          |   |   | 15,780 |   |   | 6,774 |   |   |   |   |   |   |   |
| Provision for income taxes                                       |   |                               | 1,538  |   |            |   | 446                           |   |                           |        |   |            |   |                          |   |   | 3,769 |   |   | 5,359 |   |   |   |   |   |   |   |
| Depreciation and amortization                                    |   |                               | 1,492  |   |            |   | 1,713                         |   |                           |        |   |            |   |                          |   |   | 4,926 |   |   | 5,135 |   |   |   |   |   |   |   |
| Unrealized losses on derivative instruments                      |   |                               | -      |   |            |   | -                             |   |                           |        |   |            |   |                          |   |   | - |   |   | 327 |   |   |   |   |   |   |   |
| Other non-cash expenses                                          |   |                               | 534    |   |            |   | 510                           |   |                           |        |   |            |   |                          |   |   | 1,599 |   |   | 1,525 |   |   |   |   |   |   |   |
| EBITDA excluding non-cash items                                  |   |                               | 11,002 |   |            |   | 8,769                         |   |                           | 2,233       |   |            | 25.5   |                          |   |   | 31,931 |   |   | 27,447 |   |   | 4,484 |   |   | 16.3 |   |
|                                                             |   |                               |   |   |            |   |                          |   |                           |        |   |            |   |                          |   |   |   |   |   |   |   |   |   |   |   |   |   |
| EBITDA excluding non-cash items                                  |   |                               | 11,002 |   |            |   | 8,769                         |   |                           |        |   |            |   |                          |   |   | 31,931 |   |   | 27,447 |   |   |   |   |   |   |   |
| Interest expense, net (2)                                        |   |                               | (5,047 | )      |            |   | (5,406                        | )      |                           |        |   |            |   |                          |   |   | (15,780 | ) |   | (6,774 | ) |   |   |   |   |   |   |
| Non-cash derivative losses recorded in interest expense(2)       | 2,734  |                               |   |   | 3,194           |   |                          |   |                           |        |   |            |   |                          | 8,945 |   |   | 65 |   |   |   |   |   |   |   |
| Amortization of debt financing costs (2)                         |   |                               | 120    |   |            |   | 119                           |   |                           |        |   |            |   |                          |   |   | 359 |   |   | 358 |   |   |   |   |   |   |   |
| Provision for income taxes, net of changes in deferred taxes     |   |                               | 1,478  |   |            |   | (579                          | )      |                           |        |   |            |   |                          |   |   | (1,276 | ) |   | (2,697 | ) |   |   |   |   |   |   |
| Changes in working capital                                       |   |                               | 1,483  |   |            |   | (1,451                        | )      |                           |        |   |            |   |                          |   |   | (1,320 | ) |   | (1,922 | ) |   |   |   |   |   |   |
| Cash provided by operating activities                            |   |                               | 11,770 |   |            |   | 4,646                         |   |                           |        |   |            |   |                          |   |   | 22,859 |   |   | 16,477 |   |   |   |   |   |   |   |
| Changes in working capital                                       |   |                               | (1,483 | )      |            |   | 1,451                         |   |                           |        |   |            |   |                          |   |   | 1,320 |   |   | 1,922 |   |   |   |   |   |   |   |
| Maintenance capital expenditures                                 |   |                               | (1,030 | )      |            |   | (676                          | )      |                           |        |   |            |   |                          |   |   | (2,008 | ) |   | (1,757 | ) |   |   |   |   |   |   |
| Free cash flow                                                   |   |                               | 9,257  |   |            |   | 5,421                         |   |                           | 3,836       |   |            | 70.8   |                          |   |   | 22,171 |   |   | 16,642 |   |   | 5,529 |   |   | 33.2 |   |
|                                                             |   |                               |   |   |            |   |                          |   |                           |        |   |            |   |                          |   |   |   |   |   |   |   |   |   |   |   |   |   |

| ___________________                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| NM - Not meaningful                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (1) Reclassified to conform to current period presentation. For the quarter and nine months ended September 30, 2010, payroll taxes and certain employee welfare and benefit costs that were previously recorded in selling, general and administrative costs were reclassified to production, transmission and distribution and other income (expense) where the costs were incurred. Accordingly, the quarter and nine months ended September 30, 2009 were restated to reflect this change. |   |
| (2) Interest expense, net, includes non-cash losses on derivative instruments and non-cash amortization of deferred financing fees.                                                                                                                                                                                                                                                                                                                                                                 |   |
| (3) Corporate allocation expense, other intercompany fees and the federal tax effect have been excluded from the above table as they are eliminated on consolidation at the MIC Inc. level.                                                                                                                                                                                                                                                                                                         |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| • | an increase in consumption gross profit driven by warmer average temperatures during the second and third quarters of 2010 compared to the comparable period in 2009, resulting in higher ton-hour sales; and |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | a net increase in contracted capacity revenue from new customers that began service predominantly in the second quarter of 2009, and annual inflation-linked increases in contract capacity rates. |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                    |   | Quarter Ended September 30,  |   |   |     | Nine Months Ended September 30, |                          |   |   |
|-------------------------------------------------------------------------|--------|------------------------------|--------|--------|----------|---------------------------------|-------------------------------|--------|--------|
|                                                                    |   | 2010                         |   |   | 2009 (1) |                            | ChangeFavorable/(Unfavorable) |   | 2010   |   | 2009 (1) |   | ChangeFavorable/(Unfavorable) |   |
|                                                                    |   | $                            |   |   | $        |                            | $                             |   | %      |   | $ |   | $ |   | $ |   | % |   |
|                                                                    |   | ($ In Thousands) (Unaudited) |   |
|                                                                    |   |                         |   |   |     |                            |                          |   |   |   |   |   |   |   |   |   |   |   |
| Cooling capacity revenue                                                |   |                         | 5,302  |   |     |                            | 5,224                         |   |   | 78 |   |   | 1.5 |   |   | 15,835 |   |   | 15,231 |   |   | 604 |   |   | 4.0 |   |
| Cooling consumption revenue                                             |   |                         | 12,596 |   |     |                            | 9,400                         |   |   | 3,196 |   |   | 34.0 |   |   | 21,503 |   |   | 17,130 |   |   | 4,373 |   |   | 25.5 |   |
| Other revenue                                                           |   |                         | 823    |   |     |                            | 832                           |   |   | (9 | ) |   | (1.1 | ) |   | 2,490 |   |   | 2,331 |   |   | 159 |   |   | 6.8 |   |
| Finance lease revenue                                                   |   |                         | 1,251  |   |     |                            | 1,190                         |   |   | 61 |   |   | 5.1 |   |   | 3,767 |   |   | 3,587 |   |   | 180 |   |   | 5.0 |   |
| Total revenue                                                           |   |                         | 19,972 |   |     |                            | 16,646                        |   |   | 3,326 |   |   | 20.0 |   |   | 43,595 |   |   | 38,279 |   |   | 5,316 |   |   | 13.9 |   |
| Direct expenses — electricity                                     |   |                         | 8,202  |   |     |                            | 5,715                         |   |   | (2,487 | ) |   | (43.5 | ) |   | 14,189 |   |   | 11,103 |   |   | (3,086 | ) |   | (27.8 | ) |
| Direct expenses — other (2)                                       |   |                         | 4,941  |   |     |                            | 4,803                         |   |   | (138 | ) |   | (2.9 | ) |   | 14,878 |   |   | 14,075 |   |   | (803 | ) |   | (5.7 | ) |
| Direct expenses — total                                           |   |                         | 13,143 |   |     |                            | 10,518                        |   |   | (2,625 | ) |   | (25.0 | ) |   | 29,067 |   |   | 25,178 |   |   | (3,889 | ) |   | (15.4 | ) |
| Gross profit                                                            |   |                         | 6,829  |   |     |                            | 6,128                         |   |   | 701 |   |   | 11.4 |   |   | 14,528 |   |   | 13,101 |   |   | 1,427 |   |   | 10.9 |   |
|                                                                    |   |                         |   |   |     |                            |                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Selling, general and administrative expenses                            |   |                         | 793    |   |     |                            | 697                           |   |   | (96 | ) |   | (13.8 | ) |   | 2,350 |   |   | 2,051 |   |   | (299 | ) |   | (14.6 | ) |
| Amortization of intangibles                                             |   |                         | 345    |   |     |                            | 345                           |   |   | - |   |   | - |   |   | 1,023 |   |   | 1,023 |   |   | - |   |   | - |   |
| Operating income                                                        |   |                         | 5,691  |   |     |                            | 5,086                         |   |   | 605 |   |   | 11.9 |   |   | 11,155 |   |   | 10,027 |   |   | 1,128 |   |   | 11.2 |   |
| Interest expense, net (3)                                               |   |                         | (6,862 | )      |     |                            | (6,623                        | )      |   | (239 | ) |   | (3.6 | ) |   | (20,866 | ) |   | (6,850 | ) |   | (14,016 | ) | NM |   |
| Other income                                                            |   |                         | 1,427  |   |     |                            | 447                           |   |   | 980 |   | NM |   |   | 1,536 |   |   | 541 |   |   | 995 |   |   | 183.9 |   |
| Unrealized losses on derivative instruments                             |   |                         | -      |   |     |                            | -                             |   |   | - |   |   | - |   |   | - |   |   | (1,378 | ) |   | 1,378 |   | NM |   |
| (Provision) benefit  for income taxes                         |   |                         | (23    | )      |     |                            | 500                           |   |   | (523 | ) |   | (104.6 | ) |   | 3,464 |   |   | (721 | ) |   | 4,185 |   | NM |   |
| Noncontrolling interests                                                |   |                         | (198   | )      |     |                            | (174                          | )      |   | (24 | ) |   | (13.8 | ) |   | (590 | ) |   | (515 | ) |   | (75 | ) |   | (14.6 | ) |
| Net income (loss)  (4)                                        |   |                         | 35     |   |     |                            | (764                          | )      |   | 799 |   |   | 104.6 |   |   | (5,301 | ) |   | 1,104 |   |   | (6,405 | ) | NM |   |
|                                                                    |   |                         |   |   |     |                            |                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Reconciliation of net income (loss) to EBITDA excluding non-cash items: |   |                         |   |   |     |                            |                          |   |   |   |   |   |   |
| Net income (loss) (4)                                                   |   |                         | 35     |   |     |                            | (764                          | )      |   |   |   |   |   |   |   | (5,301 | ) |   | 1,104 |   |   |   |   |   |   |   |
| Interest expense, net (3)                                               |   |                         | 6,862  |   |     |                            | 6,623                         |   |   |   |   |   |   |   |   | 20,866 |   |   | 6,850 |   |   |   |   |   |   |   |
| Provision (benefit) for income taxes                                    |   |                         | 23     |   |     |                            | (500                          | )      |   |   |   |   |   |   |   | (3,464 | ) |   | 721 |   |   |   |   |   |   |   |
| Depreciation (2)                                                        |   |                         | 1,639  |   |     |                            | 1,541                         |   |   |   |   |   |   |   |   | 4,910 |   |   | 4,506 |   |   |   |   |   |   |   |
| Amortization of intangibles                                             |   |                         | 345    |   |     |                            | 345                           |   |   |   |   |   |   |   |   | 1,023 |   |   | 1,023 |   |   |   |   |   |   |   |
| Unrealized losses on derivative instruments                             |   |                         | -      |   |     |                            | -                             |   |   |   |   |   |   |   |   | - |   |   | 1,378 |   |   |   |   |   |   |   |
| Other non-cash expenses                                                 |   |                         | 265    |   |     |                            | 179                           |   |   |   |   |   |   |   |   | 652 |   |   | 455 |   |   |   |   |   |   |   |
| EBITDA excluding non-cash items                                         |   |                         | 9,169  |   |     |                            | 7,424                         |   |   | 1,745 |   |   | 23.5 |   |   | 18,686 |   |   | 16,037 |   |   | 2,649 |   |   | 16.5 |   |
|                                                                    |   |                         |   |   |     |                            |                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| EBITDA excluding non-cash items                                         |   |                         | 9,169  |   |     |                            | 7,424                         |   |   |   |   |   |   |   |   | 18,686 |   |   | 16,037 |   |   |   |   |   |   |   |
| Interest expense, net (3)                                               |   |                         | (6,862 | )      |     |                            | (6,623                        | )      |   |   |   |   |   |   |   | (20,866 | ) |   | (6,850 | ) |   |   |   |   |   |   |
| Non-cash derivative losses (gains) recorded in interest expense (3)     |   |                         | 4,180  |   |     |                            | 4,069                         |   |   |   |   |   |   |   |   | 13,006 |   |   | (739 | ) |   |   |   |   |   |   |
| Amortization of debt financing costs (3)                                |   |                         | 171    |   |     |                            | 171                           |   |   |   |   |   |   |   |   | 511 |   |   | 511 |   |   |   |   |   |   |   |
| Equipment lease receivable, net                                         |   |                         | 751    |   |     |                            | 651                           |   |   |   |   |   |   |   |   | 2,202 |   |   | 2,058 |   |   |   |   |   |   |   |
| Changes in working capital                                              |   |                         | (92    | )      |     |                            | (970                          | )      |   |   |   |   |   |   |   | (3,661 | ) |   | (1,454 | ) |   |   |   |   |   |   |
| Cash provided by operating activities                                   |   |                         | 7,317  |   |     |                            | 4,722                         |   |   |   |   |   |   |   |   | 9,878 |   |   | 9,563 |   |   |   |   |   |   |   |
| Changes in working capital                                              |   |                         | 92     |   |     |                            | 970                           |   |   |   |   |   |   |   |   | 3,661 |   |   | 1,454 |   |   |   |   |   |   |   |
| Maintenance capital expenditures                                        |   |                         | (249   | )      |     |                            | (305                          | )      |   |   |   |   |   |   |   | (813 | ) |   | (664 | ) |   |   |   |   |   |   |
| Free cash flow                                                          |   |                         | 7,160  |   |     |                            | 5,387                         |   |   | 1,773 |   |   | 32.9 |   |   | 12,726 |   |   | 10,353 |   |   | 2,373 |   |   | 22.9 |   |

|                                                                                                                                                                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| ___________________                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NM - Not meaningful                                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (1) Reclassified to conform to current period presentation.                                                                                                                                                                                         |   |   |   |   |   |
| (2) Includes depreciation expense of $1.6 million and $4.9 million for the quarter and nine month ended September 30, 2010, respectively, and $1.5 million and $4.5 million for the quarter and nine months ended September 30, 2009, respectively. |
| (3) Interest expense, net, includes non-cash gains (losses) on derivative instruments and non-cash amortization of deferred financing fees.                                                                                                         |
| (4) Corporate allocation expense and the federal tax effect have been excluded from the above table as they are eliminated on consolidation at the MIC Inc. level.                                                                                  |

----

| • | higher general aviation (“GA”) fuel volumes; |
|---------|----------------------------------------------------------|

| • | lower selling, general and administrative expenses due to ongoing expense reduction initiatives; and |
|---------|------------------------------------------------------------------------------------------------------|

| • | lower interest expense driven by reduced debt levels; partially offset by |
|---------|---------------------------------------------------------------------------|

| • | a decrease in other non-fuel revenue primarily driven by lower tie-down and miscellaneous fixed based operations related-services. |
|---------|------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                                                                                                                          |   | Quarter Ended September 30,  |    |     |   |    | Nine Months Ended September 30, |   |   |    |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------|---------|----------|--------|---------|---------------------------------|--------|--------|---------|
|                                                                                                                                                                          |   | 2010                         |    | 2009 (1) |   |    | ChangeFavorable/(Unfavorable)   |   | 2010   |    | 2009 (1) |   | ChangeFavorable/(Unfavorable) |   |
|                                                                                                                                                                          |   | $                            |    | $        |   |    | $                               |   | %      |    | $ |   | $ |   | $ |   | % |   |
|                                                                                                                                                                          |   | ($ In Thousands) (Unaudited) |    |
| Revenue                                                                                                                                                                       |   |                         |    |     |   |    |                            |   |   |    |   |   |   |   |   |   |   |   |
| Fuel revenue                                                                                                                                                                  |   |                         | 106,003 |     |   | 84,337  |                            |   |   | 21,666  |   |   | 25.7 |   |   | 301,652 |   |   | 223,494 |   |   | 78,158 |   |   | 35.0 |   |
| Non-fuel revenue                                                                                                                                                              |   |                         | 35,877  |     |   | 39,843  |                            |   |   | (3,966  | ) |   | (10.0 | ) |   | 117,770 |   |   | 128,911 |   |   | (11,141 | ) |   | (8.6 | ) |
| Total revenue                                                                                                                                                                 |   |                         | 141,880 |     |   | 124,180 |                            |   |   | 17,700  |   |   | 14.3 |   |   | 419,422 |   |   | 352,405 |   |   | 67,017 |   |   | 19.0 |   |
| Cost of revenue                                                                                                                                                               |   |                         |    |     |   |    |                            |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cost of revenue-fuel                                                                                                                                                          |   |                         | 64,590  |     |   | 49,837  |                            |   |   | (14,753 | ) |   | (29.6 | ) |   | 189,337 |   |   | 126,772 |   |   | (62,565 | ) |   | (49.4 | ) |
| Cost of revenue-non-fuel                                                                                                                                                      |   |                         | 3,482   |     |   | 2,943   |                            |   |   | (539    | ) |   | (18.3 | ) |   | 12,021 |   |   | 10,423 |   |   | (1,598 | ) |   | (15.3 | ) |
| Total cost of revenue                                                                                                                                                         |   |                         | 68,072  |     |   | 52,780  |                            |   |   | (15,292 | ) |   | (29.0 | ) |   | 201,358 |   |   | 137,195 |   |   | (64,163 | ) |   | (46.8 | ) |
|                                                                                                                                                                          |   |                         |    |     |   |    |                            |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fuel gross profit                                                                                                                                                             |   |                         | 41,413  |     |   | 34,500  |                            |   |   | 6,913   |   |   | 20.0 |   |   | 112,315 |   |   | 96,722 |   |   | 15,593 |   |   | 16.1 |   |
| Non-fuel gross profit                                                                                                                                                         |   |                         | 32,395  |     |   | 36,900  |                            |   |   | (4,505  | ) |   | (12.2 | ) |   | 105,749 |   |   | 118,488 |   |   | (12,739 | ) |   | (10.8 | ) |
| Gross profit                                                                                                                                                                  |   |                         | 73,808  |     |   | 71,400  |                            |   |   | 2,408   |   |   | 3.4 |   |   | 218,064 |   |   | 215,210 |   |   | 2,854 |   |   | 1.3 |   |
| Selling, general and administrative expenses (2)                                                                                                                              |   |                         | 42,969  |     |   | 43,413  |                            |   |   | 444     |   |   | 1.0 |   |   | 129,762 |   |   | 134,734 |   |   | 4,972 |   |   | 3.7 |   |
| Goodwill impairment                                                                                                                                                           |   |                         | -       |     |   | -       |                            |   |   | -       |   |   | - |   |   | - |   |   | 71,200 |   |   | 71,200 |   | NM |   |
| Depreciation and amortization                                                                                                                                                 |   |                         | 13,879  |     |   | 14,245  |                            |   |   | 366     |   |   | 2.6 |   |   | 42,102 |   |   | 75,362 |   |   | 33,260 |   |   | 44.1 |   |
| Operating income (loss)                                                                                                                                                       |   |                         | 16,960  |     |   | 13,742  |                            |   |   | 3,218   |   |   | 23.4 |   |   | 46,200 |   |   | (66,086 | ) |   | 112,286 |   |   | 169.9 |   |
| Interest expense, net (3)                                                                                                                                                     |   |                         | (12,938 | )        |   | (26,382 | )                               |   |   | 13,444  |   |   | 51.0 |   |   | (61,612 | ) |   | (57,822 | ) |   | (3,790 | ) |   | (6.6 | ) |
| Other expense                                                                                                                                                                 |   |                         | (101    | )        |   | (109    | )                               |   |   | 8       |   |   | 7.3 |   |   | (645 | ) |   | (322 | ) |   | (323 | ) |   | (100.3 | ) |
| Unrealized losses on derivative instruments                                                                                                                                   |   |                         | -       |     |   | -       |                            |   |   | -       |   |   | - |   |   | - |   |   | (23,331 | ) |   | 23,331 |   | NM |   |
| (Provision) benefit for income taxes                                                                                                                                          |   |                         | (1,580  | )        |   | 5,137   |                            |   |   | (6,717  | ) |   | (130.8 | ) |   | 6,471 |   |   | 59,467 |   |   | (52,996 | ) |   | (89.1 | ) |
| Net income (loss) (4)                                                                                                                                                         |   |                         | 2,341   |     |   | (7,612  | )                               |   |   | 9,953   |   |   | 130.8 |   |   | (9,586 | ) |   | (88,094 | ) |   | 78,508 |   |   | 89.1 |   |
|                                                                                                                                                                          |   |                         |    |     |   |    |                            |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Reconciliation of net income (loss) to EBITDA excluding non-cash items:                                                                                                       |   |                         |    |     |   |    |                            |   |   |    |   |   |   |
| Net income (loss) (4)                                                                                                                                                         |   |                         | 2,341   |     |   | (7,612  | )                               |   |   |    |   |   |   |   |   | (9,586 | ) |   | (88,094 | ) |   |   |   |   |   |   |
| Interest expense, net (3)                                                                                                                                                     |   |                         | 12,938  |     |   | 26,382  |                            |   |   |    |   |   |   |   |   | 61,612 |   |   | 57,822 |   |   |   |   |   |   |   |
| Provision (benefit) for income taxes                                                                                                                                          |   |                         | 1,580   |     |   | (5,137  | )                               |   |   |    |   |   |   |   |   | (6,471 | ) |   | (59,467 | ) |   |   |   |   |   |   |
| Depreciation and amortization                                                                                                                                                 |   |                         | 13,879  |     |   | 14,245  |                            |   |   |    |   |   |   |   |   | 42,102 |   |   | 75,362 |   |   |   |   |   |   |   |
| Goodwill impairment                                                                                                                                                           |   |                         | -       |     |   | -       |                            |   |   |    |   |   |   |   |   | - |   |   | 71,200 |   |   |   |   |   |   |   |
| Unrealized losses on derivative instruments                                                                                                                                   |   |                         | -       |     |   | -       |                            |   |   |    |   |   |   |   |   | - |   |   | 23,331 |   |   |   |   |   |   |   |
| Other non-cash expenses (income)                                                                                                                                              |   |                         | 149     |     |   | 43      |                            |   |   |    |   |   |   |   |   | 754 |   |   | (324 | ) |   |   |   |   |   |   |
| EBITDA excluding non-cash items                                                                                                                                               |   |                         | 30,887  |     |   | 27,921  |                            |   |   | 2,966   |   |   | 10.6 |   |   | 88,411 |   |   | 79,830 |   |   | 8,581 |   |   | 10.7 |   |
|                                                                                                                                                                          |   |                         |    |     |   |    |                            |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| EBITDA excluding non-cash items                                                                                                                                               |   |                         | 30,887  |     |   | 27,921  |                            |   |   |    |   |   |   |   |   | 88,411 |   |   | 79,830 |   |   |   |   |   |   |   |
| Interest expense, net (3)                                                                                                                                                     |   |                         | (12,938 | )        |   | (26,382 | )                               |   |   |    |   |   |   |   |   | (61,612 | ) |   | (57,822 | ) |   |   |   |   |   |   |
| Interest rate swap breakage fees (3)                                                                                                                                          |   |                         | (1,484  | )        |   | (1,185  | )                               |   |   |    |   |   |   |   |   | (4,689 | ) |   | (7,862 | ) |   |   |   |   |   |   |
| Non-cash derivative (gains) losses recorded in interest expense (3)                                                                                                           |   |                         | (1,602  | )        |   | 11,702  |                            |   |   |    |   |   |   |   |   | 18,237 |   |   | 13,132 |   |   |   |   |   |   |   |
| Amortization of debt financing costs (3)                                                                                                                                      |   |                         | 753     |     |   | 815     |                            |   |   |    |   |   |   |   |   | 2,225 |   |   | 2,341 |   |   |   |   |   |   |   |
| Provision/benefit for income taxes, net of changes in deferred taxes                                                                                                          |   |                         | (11     | )        |   | 9       |                            |   |   |    |   |   |   |   |   | (298 | ) |   | (253 | ) |   |   |   |   |   |   |
| Changes in working capital                                                                                                                                                    |   |                         | (2,526  | )        |   | 4,407   |                            |   |   |    |   |   |   |   |   | 136 |   |   | 14,659 |   |   |   |   |   |   |   |
| Cash provided by operating activities                                                                                                                                         |   |                         | 13,079  |     |   | 17,287  |                            |   |   |    |   |   |   |   |   | 42,410 |   |   | 44,025 |   |   |   |   |   |   |   |
| Changes in working capital                                                                                                                                                    |   |                         | 2,526   |     |   | (4,407  | )                               |   |   |    |   |   |   |   |   | (136 | ) |   | (14,659 | ) |   |   |   |   |   |   |
| Maintenance capital expenditures                                                                                                                                              |   |                         | (1,774  | )        |   | (1,768  | )                               |   |   |    |   |   |   |   |   | (3,981 | ) |   | (3,563 | ) |   |   |   |   |   |   |
| Free cash flow                                                                                                                                                                |   |                         | 13,831  |     |   | 11,112  |                            |   |   | 2,719   |   |   | 24.5 |   |   | 38,293 |   |   | 25,803 |   |   | 12,490 |   |   | 48.4 |   |
|                                                                                                                                                                          |   |                         |    |     |   |    |                            |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| ___________________                                                                                                                                                           |   |                         |    |     |   |    |                            |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NM - Not meaningful                                                                                                                                                           |   |                         |    |     |   |    |                            |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (1) Reclassified to conform to current period presentation.                                                                                                                   |   |                         |    |     |   |    |                            |
| (2) Includes a $2.4 million increase in the bad debt reserve in the first quarter of 2009 due to the deterioration of accounts receivable aging.                              |   |
| (3) Interest expense, net, includes non-cash gains (losses) on derivative instruments, non-cash amortization of deferred financing fees and interest rate swap breakage fees. |   |
| (4) Corporate allocation expense and the federal tax effect have been excluded from the above table as they are eliminated on consolidation at the MIC Inc. level.            |   |
|                                                                                                                                                                          |   |                         |    |     |   |    |                            |   |   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

----

|                                              |   | Quarter Ended September 30, |   |   |   |   |   | Nine Months Ended September 30, |   |   |   |   |
|---------------------------------------------------|--------|-----------------------------|--------|--------|--------|--------|--------|---------------------------------|--------|--------|--------|--------|
|                                              |   | 2010                        |   |   | 2009   |   |   | ChangeFavorable/(Unfavorable)   |   |   | 2010   |   |   | 2009 |   |   | ChangeFavorable/(Unfavorable) |   |
|                                              |   | $                           |   |   | $      |   |   | $                               |   |   | %      |   |   | $ |   |   | $ |   |   | $ |   |   | % |   |
|                                              |   | ($ In Thousands)            |   |
|                                              |   |                        |   |   |   |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest income                                   |   |                        | -      |   |   |   | (5     | )                               |   |   | (5     | )      |   | NM |   |   |   | (14 | ) |   |   | (83 | ) |   |   | (69 | ) |   |   | (83.1 | ) |
| Interest paid on debt facility                    |   |                        | 13,594 |   |   |   | 14,026 |                            |   |   | 432    |   |   |   | 3.1 |   |   |   | 41,169 |   |   |   | 43,353 |   |   |   | 2,184 |   |   |   | 5.0 |   |
| Amortization of deferred financing costs          |   |                        | 753    |   |   |   | 815    |                            |   |   | 62     |   |   |   | 7.6 |   |   |   | 2,225 |   |   |   | 2,341 |   |   |   | 116 |   |   |   | 5.0 |   |
| Non-cash (gains) losses on derivative instruments |   |                        | (1,602 | )      |   |   | 11,702 |                            |   |   | 13,304 |   |   |   | 113.7 |   |   |   | 18,237 |   |   |   | 13,132 |   |   |   | (5,105 | ) |   |   | (38.9 | ) |
| Less: capitalized interest                        |   |                        | 193    |   |   |   | (156   | )                               |   |   | (349   | )      |   | NM |   |   |   | (5 | ) |   |   | (921 | ) |   |   | (916 | ) |   |   | (99.5 | ) |
| Total interest expense, net                       |   |                        | 12,938 |   |   |   | 26,382 |                            |   |   | 13,444 |   |   |   | 51.0 |   |   |   | 61,612 |   |   |   | 57,822 |   |   |   | (3,790 | ) |   |   | (6.6 | ) |
| ___________________                               |   |                        |   |   |   |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NM - Not meaningful                               |   |                        |   |   |   |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| • | our businesses and investments overall generate, and will continue to generate, significant operating cash flow;                                                            |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | the ongoing maintenance capital expenditures associated with our businesses are modest and readily funded from their respective operating cash flow or available financing; |
| • | all significant short-term growth capital expenditures will be funded with cash on hand or from committed undrawn credit facilities; and                                    |
| • | we will be able to refinance, extend and/or repay the principal amount of maturing long-term debt on terms that can be supported by our businesses.                         |

----

|                                  |   | Nine Months Ended September 30, |    |   |   |   |
|---------------------------------------|--------|---------------------------------|---------|--------|--------|--------|
|                                  |   | 2010                            |    |   | 2009   |   |   | ChangeFavorable/(Unfavorable) |   |
|                                  |   | $                               |    |   | $      |   |   | $ |   |   | % |   |
|                                  |   | ($ In Thousands)                |    |
| Cash provided by operating activities |   |                            | 79,982  |   |   |   | 64,144 |   |   |   | 15,838 |   |   |   | 24.7 |   |
| Cash used in investing activities     |   |                            | (14,232 | )      |   |   | (19,494 | ) |   |   | 5,262 |   |   |   | 27.0 |   |
| Cash used in financing activities     |   |                            | (56,023 | )      |   |   | (53,911 | ) |   |   | (2,112 | ) |   |   | (3.9 | ) |

| • | improved operating performance at Atlantic Aviation due to stable gross profit and cost savings; |
|---------|--------------------------------------------------------------------------------------------------|

| • | a larger dividend received from IMTT; |
|---------|---------------------------------------|

| • | improved operating results at the energy-related businesses; and |
|---------|------------------------------------------------------------------|

| • | lower interest paid on the reduced term loan balance for Atlantic Aviation and no interest paid on holding company debt. |
|---------|--------------------------------------------------------------------------------------------------------------------------|

| • | lower capital expenditures at Atlantic Aviation and District Energy due to timing of projects; |
|---------|------------------------------------------------------------------------------------------------|

| • | cash received from the PCAA bankruptcy estate for expenses paid on behalf of PCAA during its operations; partially offset by |
|---------|------------------------------------------------------------------------------------------------------------------------------|

| • | increase in capital expenditures at the Gas Company. |
|---------|------------------------------------------------------|

----

|                                            |   | Nine Months Ended September 30, |    |   |   |   |
|-------------------------------------------------|--------|---------------------------------|---------|--------|--------|--------|
|                                            |   | 2010                            |    |   | 2009   |   |   | ChangeFavorable/(Unfavorable) |   |
|                                            |   | $                               |    |   | $      |   |   | $ |   |   | % |   |
|                                            |   | ($ In Thousands)                |    |
| Cash provided by operating activities           |   |                            | 131,121 |   |   |   | 92,671 |   |   |   | 38,450 |   |   |   | 41.5 |   |
| Cash used in investing activities               |   |                            | (57,550 | )      |   |   | (109,772 | ) |   |   | 52,222 |   |   |   | 47.6 |   |
| Cash (used in) provided by financing activities |   |                            | (71,581 | )      |   |   | 15,260 |   |   |   | (86,841 | ) |   | NM |   |
| ___________________                             |   |                            |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NM - Not meaningful                             |   |                            |    |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| Facility Term                         |   |                                                |
|---------------------------------------|--------|-----------------------------------------------------|
| Amount Outstanding                    |   | $85.0 million                                       |
| Term                                  |   | August 1, 2046                                      |
| Amortization                          |   | N/A. Repayable in full at maturity.                 |
| Interest Rate                         |   | Floating at tax-exempt weekly tender rate.          |
| Security                              |   | Unsecured. Required to be supported at all times by |
|                                  |   | bank letter of credit.                              |
| Financial Covenants                   |   | None.                                               |
| Restrictions on Payments of Dividends |   | None.                                               |

----

|                                            |   |   Nine Months Ended September 30, |    |   |   |   |
|-------------------------------------------------|--------|----------------------------------------|---------|--------|--------|--------|
|                                            |   | 2010                                   |    |   | 2009   |   |   | ChangeFavorable/(Unfavorable) |   |
|                                            |   | $                                      |    |   | $      |   |   | $ |   |   | % |   |
|                                            |   | ($ In Thousands)                       |    |
| Cash provided by operating activities           |   |                                   | 22,859  |   |   |   | 16,477 |   |   |   | 6,382 |   |   |   | 38.7 |   |
| Cash used in investing activities               |   |                                   | (5,680  | )      |   |   | (4,816 | ) |   |   | (864 | ) |   |   | (17.9 | ) |
| Cash (used in) provided by financing activities |   |                                   | (10,000 | )      |   |   | 10,000 |   |   |   | (20,000 | ) |   | NM |   |
|                                            |   |                                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| ___________________                             |   |                                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NM - Not meaningful                             |   |                                   |    |   |   |   |   |   |   |   |   |   |   |   |   |   |

|                                 | Maintenance  |   | Growth       |
|--------------------------------------|--------------|--------|--------------|
| Nine months ended September 30, 2009 | $1.8 million |   | $3.1 million |
| Nine months ended September 30, 2010 | $1.8 million |   | $3.8 million |
| 2010 full year projected             | $5.5 million |   | $5.0 million |
| Commitments at September 30, 2010    | $302,000     |   | $1.4 million |

----

| • | 12 mo. look-forward and 12 mo. look-backward adjusted EBITDA/interest <3.5x (distribution lock-up) and <2.5x (default). The ratio at September 30, 2010 was 6.9x. |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                            |   | Nine Months Ended September 30, |   |   |   |   |
|-------------------------------------------------|--------|---------------------------------|--------|--------|--------|--------|
|                                            |   | 2010                            |   |   | 2009   |   |   | ChangeFavorable/(Unfavorable) |   |
|                                            |   | $                               |   |   | $      |   |   | $ |   |   | % |   |
|                                            |   | ($ In Thousands)                |   |
| Cash provided by operating activities           |   |                            | 9,878  |   |   |   | 9,563 |   |   |   | 315 |   |   |   | 3.3 |   |
| Cash used in investing activities               |   |                            | (3,642 | )      |   |   | (5,447 | ) |   |   | 1,805 |   |   |   | 33.1 |   |
| Cash (used in) provided by financing activities |   |                            | (406   | )      |   |   | 6,619 |   |   |   | (7,025 | ) |   |   | (106.1 | ) |

----

|                                                                                                                        |   | Capital Expenditure Cost ($ In Millions) |   |   | Gross Profit/EBITDA ($ In Millions) (1) |   |   | Expected Date for Gross Profit/EBITDA |   |
|-----------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------|--------|--------|-----------------------------------------|--------|--------|---------------------------------------|--------|
| Chicago Plant and Distribution System Expansion                                                                             |   | $                                        | 7.7    |   |                                    |   |   |                                  |   |   |
| New Chicago Customer Connections and                                                                                        |   |                                     |   |   |                                    |   |   |                                  |   |   |
|   Minor System Modifications                                                                                      |   |                                     | 6.6    |   |                                    |   |   |                                  |   |   |
|                                                                                                                        |   | $                                        | 14.3   |   |                                    | $      | 4.9    |                                  |   |   | 2007 - 2013 |   |
| Chicago Plant Renovation and Expansion                                                                                      |   |                                     | 10.7   |   |                                    |   | 1.3    |                                  |   |   | 2009 - 2012 |   |
| Total                                                                                                                       |   | $                                        | 25.0   |   |                                    | $      | 6.2    |                                  |   |   |   |   |
|                                                                                                                        |   |                                     |   |   |                                    |   |   |                                  |   |   |   |   |
| ___________________                                                                                                         |   |                                     |   |   |                                    |   |   |                                  |   |   |   |   |
| (1) Represents projected increases in annualized Gross profit/EBITDA in the first year following completion of the project. |   |

|                                 | Maintenance  |   | Growth       |
|--------------------------------------|--------------|--------|--------------|
| Nine months ended September 30, 2009 | $738,000     |   | $4.7 million |
| Nine months ended September 30, 2010 | $1.1 million |   | $174,000     |
| 2010 full year projected             | $1.2 million |   | $1.1 million |
| Commitments at September 30, 2010    | -            |   | $831,000     |

----

| • |   Backward Interest Coverage Ratio < 1.5x (distribution lock-up) and < 1.2x (default). The ratio at September 30, 2010 was 2.4x. |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------|

| • |   Leverage Ratio (funds from operations less interest expense to net debt) for the previous 12 months less than 6.0% (distribution lock-up) and 4.0% (default). The ratio at September 30, 2010 was 8.6%. |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                                                                                                                                                                                                                                                                                                        |   | Nine Months Ended September 30, |    |   |   |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------|---------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                        |   | 2010                            |    |   | 2009   |   |   | ChangeFavorable/(Unfavorable) |   |
|                                                                                                                                                                                                                                                                                                                                                        |   | $                               |    |   | $      |   |   | $ |   |   | % |   |
|                                                                                                                                                                                                                                                                                                                                                        |   | ($ In Thousands)                |    |
| Cash provided by operating activities                                                                                                                                                                                                                                                                                                                       |   |                            | 42,410  |   |   |   | 44,025 |   |   |   | (1,615 | ) |   |   | (3.7 | ) |
| Cash used in investing activities                                                                                                                                                                                                                                                                                                                           |   |                            | (5,511  | )      |   |   | (9,232 | ) |   |   | 3,721 |   |   |   | 40.3 |   |
| Cash used in financing activities (1)                                                                                                                                                                                                                                                                                                                       |   |                            | (44,330 | )      |   |   | (67,932 | ) |   |   | 23,602 |   |   |   | 34.7 |   |
| ___________________                                                                                                                                                                                                                                                                                                                                         |   |                            |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (1) During the first quarter of 2009, we provided Atlantic Aviation with a capital contribution of $50.0 million to pay down $44.6 million of debt. The remainder of the capital contribution was used to pay interest rate swap breakage fees and expenses. This contribution has been excluded from the above table as it is eliminated on consolidation. |   |

| • | a smaller reduction in working capital, partially offset by; |
|---------|--------------------------------------------------------------|

| • | improved operating results due to increasing gross profit and lower selling, general and administrative costs; and |
|---------|--------------------------------------------------------------------------------------------------------------------|

| • | reduced interest expense from lower debt levels. |
|---------|--------------------------------------------------|

----

|                                 | Maintenance  |   | Growth       |
|--------------------------------------|--------------|--------|--------------|
| Nine months ended September 30, 2009 | $3.5 million |   | $5.7 million |
| Nine months ended September 30, 2010 | $3.9 million |   | $1.7 million |
| 2010 full year projected             | $7.6 million |   | $6.1 million |
| Commitments at September 30, 2010    | $58,000      |   | $228,000     |

| • | Debt Service Coverage Ratio > 1.2x (default threshold). The ratio at September 30, 2010 was 1.98x. |
|---------|-------------------------------------------------------------------------------------------------------|

| • | Leverage Ratio debt to EBITDA for the trailing twelve months < 8.00x (default threshold). The ratio at September 30, 2010 was 7.12x. |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------|

----

| • | cash generated from our operations (see ‘‘Operating Activities’’ in ‘‘Liquidity and Capital Resources’’); |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | refinancing our current credit facilities on or before maturity (see ‘‘Financing Activities’’ in ‘‘Liquidity and Capital Resources’’); and |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | cash available from our undrawn credit facilities (see ‘‘Financing Activities’’ in ‘‘Liquidity and Capital Resources’’). |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

Quantitative and Qualitative Disclosure About Market Risk

Item 4. Controls and Procedures

----

MACQUARIE INFRASTRUCTURE COMPANY LLC

|                                                                                                                            |   | September 30, 2010 |      |   | December 31, 2009 |   |
|---------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|-----------|--------|------------------------|--------|
|                                                                                                                            |   | (Unaudited)             |      |   |                   |   |
| ASSETS                                                                                                                          |   |                    |      |   |                   |   |
| Current assets:                                                                                                                 |   |                    |      |   |                   |   |
| Cash and cash equivalents                                                                                                       |   | $                       | 37,037    |   |                   | $      | 27,455 |   |
| Accounts receivable, less allowance for doubtful accounts                                                                       |   |                    |      |   |                   |   |   |   |
| of $411 and $1,629, respectively                                                                                                |   |                    | 51,045    |   |                   |   | 47,256 |   |
| Inventories                                                                                                                     |   |                    | 15,125    |   |                   |   | 14,305 |   |
| Prepaid expenses                                                                                                                |   |                    | 7,171     |   |                   |   | 6,688 |   |
| Income tax receivable                                                                                                           |   |                    | 1,019     |   |                   |   | - |   |
| Deferred income taxes                                                                                                           |   |                    | 21,600    |   |                   |   | 23,323 |   |
| Other                                                                                                                           |   |                    | 9,120     |   |                   |   | 10,839 |   |
| Assets of discontinued operations held for sale                                                                                 |   |                    | -         |   |                   |   | 86,695 |   |
| Total current assets                                                                                                            |   |                    | 142,117   |   |                   |   | 216,561 |   |
| Property, equipment, land and leasehold improvements, net                                                                       |   |                    | 565,761   |   |                   |   | 580,087 |   |
| Restricted cash                                                                                                                 |   |                    | 13,780    |   |                   |   | 16,016 |   |
| Equipment lease receivables                                                                                                     |   |                    | 33,729    |   |                   |   | 33,266 |   |
| Investment in unconsolidated business                                                                                           |   |                    | 211,662   |   |                   |   | 207,491 |   |
| Goodwill                                                                                                                        |   |                    | 516,182   |   |                   |   | 516,182 |   |
| Intangible assets, net                                                                                                          |   |                    | 724,927   |   |                   |   | 751,081 |   |
| Deferred financing costs, net of accumulated amortization                                                                       |   |                    | 13,975    |   |                   |   | 17,088 |   |
| Other                                                                                                                           |   |                    | 1,820     |   |                   |   | 1,449 |   |
| Total assets                                                                                                                    |   | $                       | 2,223,953 |   |                   | $      | 2,339,221 |   |
|                                                                                                                            |   |                    |      |   |                   |   |   |   |
| LIABILITIES AND MEMBERS' EQUITY                                                                                                 |   |                    |      |   |                   |   |   |   |
| Current liabilities:                                                                                                            |   |                    |      |   |                   |   |   |   |
| Due to manager - related party                                                                                                  |   | $                       | 2,466     |   |                   | $      | 1,977 |   |
| Accounts payable                                                                                                                |   |                    | 40,591    |   |                   |   | 44,575 |   |
| Accrued expenses                                                                                                                |   |                    | 20,919    |   |                   |   | 17,432 |   |
| Current portion of notes payable and capital leases                                                                             |   |                    | 235       |   |                   |   | 235 |   |
| Current portion of long-term debt                                                                                               |   |                    | 52,745    |   |                   |   | 45,900 |   |
| Fair value of derivative instruments                                                                                            |   |                    | 44,546    |   |                   |   | 49,573 |   |
| Customer deposits                                                                                                               |   |                    | 4,593     |   |                   |   | 5,617 |   |
| Other                                                                                                                           |   |                    | 8,935     |   |                   |   | 9,338 |   |
| Liabilities of discontinued operations held for sale                                                                            |   |                    | -         |   |                   |   | 220,549 |   |
| Total current liabilities                                                                                                       |   |                    | 175,030   |   |                   |   | 395,196 |   |
| Notes payable and capital leases, net of current portion                                                                        |   |                    | 1,232     |   |                   |   | 1,498 |   |
| Long-term debt, net of current portion                                                                                          |   |                    | 1,103,199 |   |                   |   | 1,166,379 |   |
| Deferred income taxes                                                                                                           |   |                    | 154,163   |   |                   |   | 107,840 |   |
| Fair value of derivative instruments                                                                                            |   |                    | 69,757    |   |                   |   | 54,794 |   |
| Other                                                                                                                           |   |                    | 40,727    |   |                   |   | 38,746 |   |
| Total liabilities                                                                                                               |   |                    | 1,544,108 |   |                   |   | 1,764,453 |   |
| Commitments and contingencies                                                                                                   |   |                    | -         |   |                   |   | - |   |
| Members’ equity:                                                                                                          |   |                    |      |   |                   |   |   |   |
| LLC interests, no par value; 500,000,000 authorized; 45,715,448  LLC                                                  |   |                    |      |   |                   |   |   |   |
| interests issued and outstanding at September 30, 2010 and 45,292,913 LLC interests issued and outstanding at December 31, 2009 |   |                    | 964,430   |   |                   |   | 959,897 |   |
| Additional paid in capital                                                                                                      |   |                    | 20,727    |   |                   |   | 21,956 |   |
| Accumulated other comprehensive loss                                                                                            |   |                    | (29,422   | )      |                   |   | (43,232 | ) |
| Accumulated deficit                                                                                                             |   |                    | (273,668  | )      |                   |   | (360,095 | ) |
| Total members’ equity                                                                                                     |   |                    | 682,067   |   |                   |   | 578,526 |   |
| Noncontrolling interests                                                                                                        |   |                    | (2,222    | )      |                   |   | (3,758 | ) |
| Total equity                                                                                                                    |   |                    | 679,845   |   |                   |   | 574,768 |   |
| Total liabilities and equity                                                                                                    |   | $                       | 2,223,953 |   |                   | $      | 2,339,221 |   |
|                                                                                                                            |   |                    |      |   |                   |   |   |   |

----

| MACQUARIE INFRASTRUCTURE COMPANY LLC                                     |   |
|--------------------------------------------------------------------------|--------|
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS                          |   |
| (Unaudited)                                                              |   |
| ($ In Thousands, Except Share and Per Share Data)                        |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                     |   | Quarter Ended |   |   | Nine Months Ended |   |
|                                                                     |   | September 30, 2010 |   |   | September 30, 2009 (1) |   |   | September 30, 2010 |   |   | September 30, 2009 (1) |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| Revenue                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |
| Revenue from product sales                                               |   | $ | 129,217 |   |   | $ | 103,017 |   |   | $ | 374,412 |   |   | $ | 281,639 |   |
| Revenue from product sales - utility                                     |   |   | 28,232 |   |   |   | 26,056 |   |   |   | 83,517 |   |   |   | 67,637 |   |
| Service revenue                                                          |   |   | 54,598 |   |   |   | 55,299 |   |   |   | 157,598 |   |   |   | 163,603 |   |
| Financing and equipment lease income                                     |   |   | 1,251 |   |   |   | 1,190 |   |   |   | 3,767 |   |   |   | 3,587 |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total revenue                                                       |   |   | 213,298 |   |   |   | 185,562 |   |   |   | 619,294 |   |   |   | 516,466 |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Costs and expenses                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cost of product sales                                                    |   |   | 78,843 |   |   |   | 61,923 |   |   |   | 235,784 |   |   |   | 162,334 |   |
| Cost of product sales - utility                                          |   |   | 22,467 |   |   |   | 20,088 |   |   |   | 66,931 |   |   |   | 52,024 |   |
| Cost of services                                                         |   |   | 16,625 |   |   |   | 13,460 |   |   |   | 41,088 |   |   |   | 35,600 |   |
| Selling, general and administrative                                      |   |   | 50,486 |   |   |   | 50,054 |   |   |   | 150,742 |   |   |   | 154,922 |   |
| Fees to manager - related party                                          |   |   | 2,380 |   |   |   | 1,639 |   |   |   | 6,837 |   |   |   | 2,952 |   |
| Goodwill impairment                                                      |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 71,200 |   |
| Depreciation                                                             |   |   | 6,973 |   |   |   | 7,177 |   |   |   | 21,897 |   |   |   | 29,597 |   |
| Amortization of intangibles                                              |   |   | 8,743 |   |   |   | 9,126 |   |   |   | 26,154 |   |   |   | 51,923 |   |
| Total operating expenses                                            |   |   | 186,517 |   |   |   | 163,467 |   |   |   | 549,433 |   |   |   | 560,552 |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating income (loss)                                                  |   |   | 26,781 |   |   |   | 22,095 |   |   |   | 69,861 |   |   |   | (44,086 | ) |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other income (expense)                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest income                                                          |   |   | 2 |   |   |   | 7 |   |   |   | 22 |   |   |   | 108 |   |
| Interest expense (2)                                                     |   |   | (24,844 | ) |   |   | (39,308 | ) |   |   | (98,505 | ) |   |   | (74,977 | ) |
| Equity in earnings and amortization charges                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|      of investee                                |   |   | 7,804 |   |   |   | 1,178 |   |   |   | 19,171 |   |   |   | 16,655 |   |
| Loss on derivative instruments                                           |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (25,238 | ) |
| Other income, net                                                        |   |   | 1,269 |   |   |   | 296 |   |   |   | 821 |   |   |   | 1,146 |   |
| Net income (loss) from continuing operations before                      |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    income taxes                                           |   |   | 11,012 |   |   |   | (15,732 | ) |   |   | (8,630 | ) |   |   | (126,392 | ) |
| (Provision) benefit for income taxes                                     |   |   | (2,036 | ) |   |   | (984 | ) |   |   | 12,541 |   |   |   | 36,403 |   |
| Net income (loss) from continuing operations                             |   | $ | 8,976 |   |   | $ | (16,716 | ) |   | $ | 3,911 |   |   | $ | (89,989 | ) |
| Net (loss) income from discontinued operations, net of taxes             |   |   | - |   |   |   | (1,680 | ) |   |   | 81,199 |   |   |   | (11,263 | ) |
| Net income (loss)                                                        |   | $ | 8,976 |   |   | $ | (18,396 | ) |   | $ | 85,110 |   |   | $ | (101,252 | ) |
| Less: net income (loss) attributable to noncontrolling interests         |   |   | 34 |   |   |   | (48 | ) |   |   | (1,317 | ) |   |   | (920 | ) |
| Net income (loss) attributable to MIC LLC                                |   | $ | 8,942 |   |   | $ | (18,348 | ) |   | $ | 86,427 |   |   | $ | (100,332 | ) |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic income (loss) per share from continuing operations attributable    |   |   |   |   |   |   |   |   |   |
| to MIC LLC interest holders                                              |   | $ | 0.20 |   |   | $ | (0.38 | ) |   | $ | 0.12 |   |   | $ | (2.01 | ) |
| Basic (loss) income per share from discontinued operations               |   |   |   |   |   |   |   |   |   |   |   |   |   |
| attributable to MIC LLC interest holders                                 |   |   | - |   |   |   | (0.03 | ) |   |   | 1.78 |   |   |   | (0.22 | ) |
| Basic income (loss) per share attributable to MIC LLC interest holders   |   | $ | 0.20 |   |   | $ | (0.41 | ) |   | $ | 1.90 |   |   | $ | (2.23 | ) |
| Weighted average number of shares outstanding: basic                     |   |   | 45,715,448 |   |   |   | 45,006,771 |   |   |   | 45,493,982 |   |   |   | 44,969,093 |   |
|                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Diluted income (loss) per share from continuing operations attributable  |   |   |   |   |   |   |   |   |   |
| to MIC LLC interest holders                                              |   | $ | 0.20 |   |   | $ | (0.38 | ) |   | $ | 0.12 |   |   | $ | (2.01 | ) |
| Diluted (loss) income per share from discontinued operations             |   |   |   |   |   |   |   |   |   |   |   |   |   |
| attributable to MIC LLC interest holders                                 |   |   | - |   |   |   | (0.03 | ) |   |   | 1.78 |   |   |   | (0.22 | ) |
| Diluted income (loss) per share attributable to MIC LLC interest holders |   | $ | 0.20 |   |   | $ | (0.41 | ) |   | $ | 1.90 |   |   | $ | (2.23 | ) |
| Weighted average number of shares outstanding: diluted                   |   |   | 45,747,437 |   |   |   | 45,006,771 |   |   |   | 45,592,577 |   |   |   | 44,969,093 |   |

|                                                                                                                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
| ___________________                                                                                                                                                                                                                                                                                             |   |   |   |   |   |   |   |   |   |   |   |
| (1) Reclassified to conform to current period presentation.                                                                                                                                                                                                                                                     |
| (2) Interest expense includes non-cash losses on derivative instruments of $3.8 million and $35.5 million for the quarter and nine months ended September 30, 2010, respectively, and non-cash losses of $17.9 million and $4.8 million for the quarter and nine months ended September 30, 2009, respectively. |

----

| MACQUARIE INFRASTRUCTURE COMPANY LLC                                           |   |
|--------------------------------------------------------------------------------|--------|
|                                                                           |   |   |   |   |   |   |
| CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS                                |   |
| (Unaudited)                                                                    |   |
| ($ In Thousands)                                                               |   |
|                                                                           |   |
|                                                                           |   | Nine Months Ended |   |
|                                                                           |   | September 30, 2010 |   |   | September 30, 2009 (1) |   |
|                                                                           |   |   |   |   |   |   |
| Operating activities                                                           |   |   |   |   |   |   |
| Net income (loss)                                                              |   | $ | 85,110 |   |   | $ | (101,252 | ) |
| Adjustments to reconcile net income (loss) to net cash provided by operating   |   |   |   |   |
| activities from continuing operations:                                         |   |   |   |   |   |   |   |   |
| Net (income) loss from discontinued operations before noncontrolling interests |   |   | (81,199 | ) |   |   | 11,263 |   |
| Non-cash goodwill impairment                                                   |   |   | - |   |   |   | 71,200 |   |
| Depreciation and amortization of property and equipment                        |   |   | 26,807 |   |   |   | 34,103 |   |
| Amortization of intangible assets                                              |   |   | 26,154 |   |   |   | 51,923 |   |
| Equity in earnings and amortization charges of investees                       |   |   | (19,171 | ) |   |   | (16,655 | ) |
| Equity distributions from investees                                            |   |   | 15,000 |   |   |   | 7,000 |   |
| Amortization of debt financing costs                                           |   |   | 3,299 |   |   |   | 3,824 |   |
| Non-cash derivative loss                                                       |   |   | 35,497 |   |   |   | 30,035 |   |
| Base management fees settled in LLC interests                                  |   |   | 2,189 |   |   |   | 2,490 |   |
| Equipment lease receivable, net                                                |   |   | 2,202 |   |   |   | 2,058 |   |
| Deferred rent                                                                  |   |   | 217 |   |   |   | 131 |   |
| Deferred taxes                                                                 |   |   | (13,685 | ) |   |   | (37,273 | ) |
| Other non-cash expenses, net                                                   |   |   | 2,908 |   |   |   | 423 |   |
| Changes in other assets and liabilities, net of acquisitions:                  |   |   |   |   |   |   |   |   |
| Restricted cash                                                                |   |   | 50 |   |   |   | - |   |
| Accounts receivable                                                            |   |   | (5,254 | ) |   |   | 6,913 |   |
| Inventories                                                                    |   |   | (895 | ) |   |   | 776 |   |
| Prepaid expenses and other current assets                                      |   |   | 878 |   |   |   | 3,259 |   |
| Due to manager - related party                                                 |   |   | 2,383 |   |   |   | (3,464 | ) |
| Accounts payable and accrued expenses                                          |   |   | (221 | ) |   |   | 357 |   |
| Income taxes payable                                                           |   |   | (1,281 | ) |   |   | (606 | ) |
| Other, net                                                                     |   |   | (1,006 | ) |   |   | (2,361 | ) |
| Net cash provided by operating activities from continuing operations           |   |   | 79,982 |   |   |   | 64,144 |   |
|                                                                           |   |   |   |   |   |   |   |   |
| Investing activities                                                           |   |   |   |   |   |   |   |   |
| Purchases of property and equipment                                            |   |   | (12,462 | ) |   |   | (19,608 | ) |
| Investment in capital leased assets                                            |   |   | (2,400 | ) |   |   | - |   |
| Other                                                                          |   |   | 630 |   |   |   | 114 |   |
| Net cash used in investing activities from continuing operations               |   |   | (14,232 | ) |   |   | (19,494 | ) |
|                                                                           |   |   |   |   |   |   |   |   |
| Financing activities                                                           |   |   |   |   |   |   |   |   |
| Proceeds from long-term debt                                                   |   |   | - |   |   |   | 10,000 |   |
| Net proceeds on line of credit facilities                                      |   |   | - |   |   |   | 9,250 |   |
| Contributions received from noncontrolling interests                           |   |   | 300 |   |   |   | - |   |
| Distributions paid to noncontrolling interests                                 |   |   | (1,935 | ) |   |   | (381 | ) |
| Payment of long-term debt                                                      |   |   | (56,336 | ) |   |   | (72,620 | ) |
| Debt financing costs paid                                                      |   |   | (186 | ) |   |   | - |   |
| Change in restricted cash                                                      |   |   | 2,236 |   |   |   | (33 | ) |
| Payment of notes and capital lease obligations                                 |   |   | (102 | ) |   |   | (127 | ) |
| Net cash used in financing activities from continuing operations               |   |   | (56,023 | ) |   |   | (53,911 | ) |
|                                                                           |   |   |   |   |   |   |   |   |
| Net change in cash and cash equivalents from continuing operations             |   |   | 9,727 |   |   |   | (9,261 | ) |

----

|   |   |   Nine Months Ended |   |
|--------|--------|--------------------------|--------|
|   |   | September 30, 2010       |   |   | September 30, 2009 (1) |   |

| Cash flows provided by (used in) discontinued operations:                    |   |   |     |   |   |   |    |   |
|------------------------------------------------------------------------------|--------|--------|----------|--------|--------|--------|---------|--------|
| Net cash used in operating activities                                        |   | $      | (12,703  | )      |   | $      | (4,735  | )      |
| Net cash provided by (used in) investing activities                          |   |   | 134,356  |   |   |   | (372    | )      |
| Net cash (used in) provided by financing activities                          |   |   | (124,183 | )      |   |   | 2,354   |   |
| Cash used in discontinued operations (2)                                     |   |   | (2,530   | )      |   |   | (2,753  | )      |
| Change in cash of discontinued operations held for sale (2)                  |   |   | 2,385    |   |   |   | (704    | )      |
|                                                                         |   |   |     |   |   |   |    |   |
| Net change in cash and cash equivalents                                      |   |   | 9,582    |   |   |   | (12,718 | )      |
| Cash and cash equivalents, beginning of period                               |   |   | 27,455   |   |   |   | 66,054  |   |
|                                                                         |   |   |     |   |   |   |    |   |
| Cash and cash equivalents, end of period - continuing operations             |   | $      | 37,037   |   |   | $      | 53,336  |   |
|                                                                         |   |   |     |   |   |   |    |   |
| Supplemental disclosures of cash flow information for continuing operations: |   |   |     |   |
| Non-cash investing and financing activities:                                 |   |   |     |   |   |   |    |   |
| Accrued purchases of property and equipment                                  |   | $      | 1,208    |   |   | $      | 209     |   |
|                                                                         |   |   |     |   |   |   |    |   |
| Issuance of LLC interests to manager for base management fees                |   | $      | 4,083    |   |   | $      | 2,490   |   |
|                                                                         |   |   |     |   |   |   |    |   |
| Issuance of LLC interests to independent directors                           |   | $      | 450      |   |   | $      | 450     |   |
|                                                                         |   |   |     |   |   |   |    |   |
| Taxes paid                                                                   |   | $      | 2,059    |   |   | $      | 1,129   |   |
|                                                                         |   |   |     |   |   |   |    |   |
| Interest paid                                                                |   | $      | 59,737   |   |   | $      | 67,417  |   |

| ___________________                                                                                                                                                                                                                                                                                                                                                      |   |   |   |   |   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
| (1) Reclassified to conform to current period presentation.                                                                                                                                                                                                                                                                                                              |   |   |   |
| (2) Cash of discontinued operations held for sale is reported in assets of discontinued operations held for sale in the accompanying consolidated condensed balance sheet. The cash used in discontinued operations is different than the change in cash of discontinued operations held for sale due to intercompany transactions that are eliminated in consolidation. |

----

MACQUARIE INFRASTRUCTURE COMPANY LLC

| (i)  | a 50% interest in a bulk liquid storage terminal business (‘‘International Matex Tank Terminals’’ or ‘‘IMTT’’), which  provides bulk liquid storage and handling services at ten marine terminals in the United States and two in Canada and is one of the largest participants in this industry in the U.S., based on storage capacity; |
|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (ii)  | a gas production and distribution business (‘‘The Gas Company’’), which is a full-service gas energy company, making gas products and services available in Hawaii; and |
|------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (iii)  | a 50.01% controlling interest in a district energy business (‘‘District Energy’’), which operates the largest district cooling system in the U.S., serving various customers in Chicago, Illinois and Las Vegas, Nevada. |
|-------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                   |   | Quarter Ended September 30, |       |   | Nine Months Ended September 30, |   |
|--------------------------------------------------------|--------|-----------------------------|------------|--------|---------------------------------|--------|
|                                                   |   | 2010                        |       |   | 2009                            |   |   | 2010 |   |   | 2009 |   |
| Weighted average number of shares outstanding: basic   |   |                        | 45,715,448 |   |                            |   | 45,006,771 |   |   |   | 45,493,982 |   |   |   | 44,969,093 |   |
| Dilutive effect of restricted stock unit grants        |   |                        | 31,989     |   |                            |   | - |   |   |   | 98,595 |   |   |   | - |   |
| Weighted average number of shares outstanding: diluted |   |                        | 45,747,437 |   |                            |   | 45,006,771 |   |   |   | 45,592,577 |   |   |   | 44,969,093 |   |

----

|                                                      |   | December 31, 2009 |    |
|-----------------------------------------------------------|--------|-------------------|---------|
|                                                      |   | ($ in Thousands)  |    |
| Assets                                                    |   |              |    |
| Total current assets                                      |   | $                 | 7,676   |   |
| Property, equipment, land and leasehold improvements, net |   |              | 77,524  |   |
| Other non-current assets                                  |   |              | 1,495   |   |
| Total assets                                              |   | $                 | 86,695  |   |
|                                                      |   |              |    |   |
| Liabilities                                               |   |              |    |   |
| Current portion of long-term debt                         |   | $                 | 200,999 |   |
| Other current liabilities                                 |   |              | 10,761  |   |
| Total current liabilities                                 |   |              | 211,760 |   |
|                                                      |   |              |    |   |
| Other non-current liabilities                             |   |              | 8,789   |   |
| Total liabilities                                         |   |              | 220,549 |   |
| Noncontrolling interests                                  |   |              | (1,863  | ) |
| Total liabilities and noncontrolling interests            |   | $                 | 218,686 |   |

|                                                                                                  |   | For the Quarter Ended September 30,                    |       |   | For the Nine Months Ended September 30, |   |
|-------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------|------------|--------|-----------------------------------------|--------|
|                                                                                                  |   | 2010                                                   |       |   | 2009                                    |   |   | 2010 |   |   | 2009 |   |
|                                                                                                  |   | ($ in Thousands, Except Share and Per Share Data) |       |
|                                                                                                  |   |                                                   |       |   |                                    |   |   |   |   |   |   |   |
| Service revenue                                                                                       |   | $                                                      | -          |   |                                    | $      | 16,965 |   |   | $ | 28,826 |   |   | $ | 51,011 |   |
|                                                                                                  |   |                                                   |       |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Gain on sale of assets through bankruptcy (pre-tax)                                                   |   |                                                   | -          |   |                                    |   | - |   |   |   | 130,260 |   |   |   | - |   |
|                                                                                                  |   |                                                   |       |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Net (loss) income from discontinued operations before income taxes                                    |   | $                                                      | -          |   |                                    | $      | (2,337 | ) |   | $ | 132,709 |   |   | $ | (15,881 | ) |
| Benefit (provision) for income taxes                                                                  |   |                                                   | -          |   |                                    |   | 657 |   |   |   | (51,510 | ) |   |   | 4,618 |   |
| Net (loss) income from discontinued operations                                                        |   |                                                   | -          |   |                                    |   | (1,680 | ) |   |   | 81,199 |   |   |   | (11,263 | ) |
| Less: net (loss) income attributable to noncontrolling interests                                      |   |                                                   | -          |   |                                    |   | (222 | ) |   |   | 136 |   |   |   | (1,435 | ) |
| Net (loss) income from discontinued operations attributable to MIC LLC                                |   | $                                                      | -          |   |                                    | $      | (1,458 | ) |   | $ | 81,063 |   |   | $ | (9,828 | ) |
|                                                                                                  |   |                                                   |       |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Basic (loss) income per share from discontinued operations attributable to MIC LLC interest holders   |   | $                                                      | -          |   |                                    | $      | (0.03 | ) |   | $ | 1.78 |   |   | $ | (0.22 | ) |
| Weighted average number of shares outstanding at the Company level: basic                             |   |                                                   | 45,715,448 |   |                                    |   | 45,006,771 |   |   |   | 45,493,982 |   |   |   | 44,969,093 |   |
|                                                                                                  |   |                                                   |       |   |                                    |   |   |   |   |   |   |   |   |   |   |   |
| Diluted (loss) income per share from discontinued operations attributable to MIC LLC interest holders |   | $                                                      | -          |   |                                    | $      | (0.03 | ) |   | $ | 1.78 |   |   | $ | (0.22 | ) |
| Weighted average number of shares outstanding at the Company level: diluted                           |   |                                                   | 45,747,437 |   |                                    |   | 45,006,771 |   |   |   | 45,592,577 |   |   |   | 44,969,093 |   |
|                                                                                                  |   |                                                   |       |   |                                    |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                                                                                              |   | September 30, 2010 |     |   | December 31, 2009 |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|----------|--------|-------------------|--------|
| Land                                                                                                                                              |   | $                  | 4,618    |   |              | $      | 4,618 |   |
| Easements                                                                                                                                         |   |               | 5,624    |   |              |   | 5,624 |   |
| Buildings                                                                                                                                         |   |               | 24,796   |   |              |   | 24,789 |   |
| Leasehold and land improvements                                                                                                                   |   |               | 318,017  |   |              |   | 312,881 |   |
| Machinery and equipment                                                                                                                           |   |               | 335,689  |   |              |   | 330,226 |   |
| Furniture and fixtures                                                                                                                            |   |               | 9,546    |   |              |   | 9,395 |   |
| Construction in progress                                                                                                                          |   |               | 16,790   |   |              |   | 16,519 |   |
| Property held for future use                                                                                                                      |   |               | 1,561    |   |              |   | 1,561 |   |
|                                                                                                                                              |   |               | 716,641  |   |              |   | 705,613 |   |
| Less: accumulated depreciation                                                                                                                    |   |               | (150,880 | )      |              |   | (125,526 | ) |
| Property, equipment, land and leasehold improvements, net (1)                                                                                     |   | $                  | 565,761  |   |              | $      | 580,087 |   |
|                                                                                                                                              |   |               |     |   |              |   |   |   |
| ___________________                                                                                                                               |   |               |     |   |              |   |   |   |
| (1) Includes $166,000 of capitalized interest for the nine months ended September 30, 2010 and $1.3 million for the year ended December 31, 2009. |   |

|                           |   | Weighted Average Life (Years) |   |   | September 30, 2010 |     |   | December 31, 2009 |   |
|--------------------------------|--------|-------------------------------|--------|--------|--------------------|----------|--------|-------------------|--------|
| Contractual arrangements       |   | 31.1                          |   |   | $                  | 774,309  |   |              | $      | 774,309 |   |
| Non-compete agreements         |   | 2.5                           |   |   |               | 9,515    |   |              |   | 9,515 |   |
| Customer relationships         |   | 10.6                          |   |   |               | 78,596   |   |              |   | 78,596 |   |
| Leasehold rights               |   | 12.5                          |   |   |               | 3,331    |   |              |   | 3,331 |   |
| Trade names                    |   | Indefinite                    |   |   |               | 15,401   |   |              |   | 15,401 |   |
| Technology                     |   | 5.0                           |   |   |               | 460      |   |              |   | 460 |   |
|                           |   |                          |   |   |               | 881,612  |   |              |   | 881,612 |   |
| Less: accumulated amortization |   |                          |   |   |               | (156,685 | )      |              |   | (130,531 | ) |
| Intangible assets, net         |   |                          |   |   | $                  | 724,927  |   |              | $      | 751,081 |   |
|                           |   |                          |   |   |               |     |   |              |   |   |   |

----

| Goodwill acquired in business combinations, net of disposals |   | $      | 639,382  |   |
|--------------------------------------------------------------|--------|--------|----------|--------|
| Less: accumulated impairment charges                         |   |   | (123,200 | )      |
| Balance at September 30, 2010 and December 31, 2009          |   | $      | 516,182  |   |

----

|                  |   | September 30, 2010 |      |    | December 31, 2009 |   |
|-----------------------|--------|--------------------|-----------|---------|-------------------|--------|
| The Gas Company       |   | $                  | 169,000   |    |              | $      | 179,000 |   |
| District Energy       |   |               | 170,000   |    |              |   | 170,000 |   |
| Atlantic Aviation     |   |               | 816,944   |    |              |   | 863,279 |   |
| Total                 |   |               | 1,155,944 |    |              |   | 1,212,279 |   |
| Less: current portion |   |               | (52,745   | )  |              |   | (45,900 | ) |
| Long-term portion     |   | $                  | 1,103,199 |    |              | $      | 1,166,379 |   |
|                  |   |               |      |    |              |   |   |   |

----

|                                                                                                           |   | Liabilities at Fair Value (1)                                     |     |
|----------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------|----------|
|                                                                                                           |   | Interest Rate Swap Contracts Not Designated asHedging Instruments |     |
| Balance Sheet Location                                                                                         |   | September 30, 2010                                                |     |   | December 31, 2009 |   |
|                                                                                                           |   | ($ In Thousands)                                                  |     |
|                                                                                                           |   |                                                              |     |   |   |   |
| Fair value of derivative instruments - current liabilities                                                     |   | $                                                                 | (44,546  | ) |   | $ | (49,573 | ) |
| Fair value of derivative instruments - non-current liabilities                                                 |   |                                                              | (69,757  | ) |   |   | (54,794 | ) |
| Total interest rate derivative contracts                                                                       |   | $                                                                 | (114,303 | ) |   | $ | (104,367 | ) |
|                                                                                                           |   |                                                              |     |   |   |   |   |   |
| ___________________                                                                                            |   |                                                              |     |   |   |   |   |   |
| (1) Fair value measurements at reporting date were made using significant other observable inputs ("level 2"). |   |
|                                                                                                           |   |                                                              |     |   |   |   |   |   |

----

|                        |   | Derivatives Not Designated asHedging Instruments (1)                             |    |
|-----------------------------|--------|----------------------------------------------------------------------------------|---------|
|                        |   | Amount of Loss Recognized in Interest Expense forthe Quarter Ended September 30, |    |
| Financial Statement Account |   | 2010 (2)                                                                         |    | 2009 (3) |   |
|                        |   | ($ In Thousands)                                                                 |    |
| Interest expense            |   | $                                                                                | (19,049 | ) |   | $ | (32,675 | ) |
| Total                       |   | $                                                                                | (19,049 | ) |   | $ | (32,675 | ) |
| ___________________         |   |                                                                             |    |   |   |   |   |   |
| (1) All derivatives are interest rate swap contracts.                                                                                                                                                 |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) Loss recognized in interest expense for the quarter ended September 30, 2010 includes $13.7 million in interest rate swap payments and $5.3 million in unrealized derivative losses arising from: |
| • the change in fair value of interest rate swaps from the discontinuation of hedge accounting;                                                                                            |
| • interest rate swap break fees related to the pay down of debt at Atlantic Aviation; and                                                                                                       |
| • the reclassification of amounts from accumulated other comprehensive loss into earnings, as Atlantic Aviation pays down its debt more quickly than anticipated.                               |
| (3) Loss recognized in interest expense for the quarter ended September 30, 2009 includes $19.1 million in unrealized derivative losses and $13.6 million in interest rate swap payments.             |

|                                 |   | Derivatives Designated as Hedging Instruments (1)                                                  |   | Derivatives Not Designated asHedging Instruments (1) |                                                                                                     |
|--------------------------------------|--------|---------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------|----------------------------------------------------------------------------------------------------------|
|                                 |   | Amount of Gain Recognizedin OCI on Derivatives(Effective Portion) for theNine Months EndedSeptember 30, |   |                                                 | Amount of Loss Reclassifiedfrom OCI into Income(Effective Portion) for theNine Months EndedSeptember 30, |   |   | Amount of LossRecognized in Loss onDerivative Instruments(Ineffective Portion) forthe Nine Months EndedSeptember 30, |   |   | Amount of Loss Recognized inInterest Expense for the NineMonths Ended September 30, |   |
| Financial Statement Account          |   | 2010                                                                                                    |   |                                                 | 2009                                                                                                     |   |   | 2010 |   |   | 2009 (2) |   |   | 2010 |   |   | 2009 |   |   | 2010 (3) |   | 2009 (4) |   |
|                                 |   | ($ In Thousands)                                                                                        |   |
|                                 |   |                                                                                                    |   |                                                 |                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest expense                     |   | $                                                                                                       | -      |                                                 |                                                                                                     | $  | - |   |   | $ | - |   |   | $ | (15,691 | ) |   | $ | - |   |   | $ | - |   |   | $ | (82,191 | ) |   | $ | (34,267 | ) |
| Loss on derivative instruments       |   |                                                                                                    | -      |                                                 |                                                                                                     |   | - |   |   |   | - |   |   |   | (25,154 | ) |   |   | - |   |   |   | (84 | ) |   |   | - |   |   |   | - |   |
| Accumulated other comprehensive loss |   |                                                                                                    | -      |                                                 |                                                                                                     |   | 2,848 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |
| Total                                |   | $                                                                                                       | -      |                                                 |                                                                                                     | $  | 2,848 |   |   | $ | - |   |   | $ | (40,845 | ) |   | $ | - |   |   | $ | (84 | ) |   | $ | (82,191 | ) |   | $ | (34,267 | ) |
| ___________________                  |   |                                                                                                    |   |                                                 |                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (1)  | All derivatives are interest rate swap contracts. |   |
|-----------|---------------------------------------------------|--------|

| (2)  | Includes $22.7 million of accumulated other comprehensive losses reclassified into earnings (loss on derivative instruments) resulting from the $44.6 million repayment of debt principal at Atlantic Aviation in the first quarter of 2009. Interest expense represents cash interest paid on derivative instruments, of which $5.2 million is related to the payment of interest rate swap breakage fees in the first quarter of 2009. |   |
|-----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| (3)       | Loss recognized in interest expense for the nine months ended September 30, 2010 includes $42.0 million in interest rate swap payments and $40.2 million in unrealized derivative losses arising from:                                                                                                                                                                                                                                   |   |
|      | •   the change in fair value of interest rate swaps from the discontinuation of hedge accounting;                                                                                                                                                                                                                                                                                                                        |   |
|      | •   interest rate swap break fees related to the pay down of debt at Atlantic Aviation; and                                                                                                                                                                                                                                                                                                                              |   |
|      | •   the reclassification of amounts from accumulated other comprehensive loss into earnings, as Atlantic Aviation pays down its debt more quickly than anticipated.                                                                                                                                                                                                                                                      |   |
| (4)       | Loss recognized in interest expense for the nine months ended September 30, 2009 includes $26.7 million in interest rate swap payments and $7.6 million in unrealized derivative losses.                                                                                                                                                                                                                                                 |   |

----

|                                                            |   | Quarter Ended September 30, |   |   | Nine Months Ended September 30, |   |
|-----------------------------------------------------------------|--------|-----------------------------|--------|--------|---------------------------------|--------|
|                                                            |   | 2010                        |   |   | 2009                            |   |   | 2010 |   |   | 2009 |   |
|                                                            |   |                        |   |   |                            |   |   |   |   |   |   |   |
| Net income (loss) attributable to MIC LLC                       |   | $                           | 8,942  |   |                            | $      | (18,348 | ) |   | $ | 86,427 |   |   | $ | (100,332 | ) |
| Unrealized gain in fair value of derivatives, net of taxes      |   |                        | -      |   |                            |   | - |   |   |   | - |   |   |   | 1,498 |   |
| Reclassification of realized losses into earnings, net of taxes |   |                        | 4,072  |   |                            |   | 7,399 |   |   |   | 13,810 |   |   |   | 42,062 |   |
| Comprehensive income (loss)                                     |   | $                           | 13,014 |   |                            | $      | (10,949 | ) |   | $ | 100,237 |   |   | $ | (56,772 | ) |

|                                                      |   | Quarter Ended, and as of,September 30, |      |   | Nine Months Ended, and asof, September 30, |   |
|-----------------------------------------------------------|--------|----------------------------------------|-----------|--------|--------------------------------------------|--------|
|                                                      |   | 2010                                   |      |   | 2009                                       |   |   | 2010 |   |   | 2009 |   |
| Revenue                                                   |   | $                                      | 182,202   |   |                                       | $      | 85,168 |   |   | $ | 447,475 |   |   | $ | 253,945 |   |
|                                                      |   |                                   |      |   |                                       |   |   |   |   |   |   |   |   |   |   |   |
| Net income                                                |   | $                                      | 17,974    |   |                                       | $      | 4,721 |   |   | $ | 45,439 |   |   | $ | 40,407 |   |
| Interest expense, net                                     |   |                                   | 20,586    |   |                                       |   | 15,452 |   |   |   | 58,485 |   |   |   | 4,842 |   |
| Provision for income taxes                                |   |                                   | 15,546    |   |                                       |   | 3,137 |   |   |   | 35,902 |   |   |   | 27,035 |   |
| Depreciation and amortization expense                     |   |                                   | 16,602    |   |                                       |   | 13,457 |   |   |   | 46,136 |   |   |   | 39,735 |   |
| Unrealized gains on derivative instruments                |   |                                   | -         |   |                                       |   | - |   |   |   | - |   |   |   | (3,306 | ) |
| Other non-cash (income) expense                           |   |                                   | (518      | )      |                                       |   | 378 |   |   |   | (273 | ) |   |   | (291 | ) |
| EBITDA excluding non-cash items (1)                       |   | $                                      | 70,190    |   |                                       | $      | 37,145 |   |   | $ | 185,689 |   |   | $ | 108,422 |   |
|                                                      |   |                                   |      |   |                                       |   |   |   |   |   |   |   |   |   |   |   |
| Capital expenditures paid                                 |   | $                                      | 20,487    |   |                                       | $      | 24,638 |   |   | $ | 57,658 |   |   | $ | 106,062 |   |
| Property, equipment, land and leasehold improvements, net |   |                                   | 998,715   |   |                                       |   | 967,323 |   |   |   | 998,715 |   |   |   | 967,323 |   |
| Total assets balance                                      |   |                                   | 1,133,760 |   |                                       |   | 1,040,796 |   |   |   | 1,133,760 |   |   |   | 1,040,796 |   |

| ___________________ |                                                                                                                                                                                                                    |
|---------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)                 | EBITDA consists of earnings before interest, taxes, depreciation and amortization. Non-cash items that are excluded consist of impairments, derivative gains and losses and allother non-cash income and expense items. |   |

----

|                          |   | Quarter Ended September 30, 2010 |   |
|-------------------------------|--------|----------------------------------|--------|
|                          |   | Energy-related Businesses        |   |   |   |   |   |   |   |
|                          |   | The Gas Company                  |   |   | District Energy |   |   | Atlantic Aviation |   |   | Total |   |
| Revenue from Product Sales    |   |                             |   |   |   |   |   |   |   |   |
| Product sales                 |   | $                                | 23,214 |   |   | $ | - |   |   | $ | 106,003 |   |   | $ | 129,217 |   |
| Product sales - utility       |   |                             | 28,232 |   |   |   | - |   |   |   | - |   |   |   | 28,232 |   |
|                          |   |                             | 51,446 |   |   |   | - |   |   |   | 106,003 |   |   |   | 157,449 |   |
| Service Revenue               |   |                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other services                |   |                             | -      |   |   |   | 823 |   |   |   | 35,877 |   |   |   | 36,700 |   |
| Cooling capacity revenue      |   |                             | -      |   |   |   | 5,302 |   |   |   | - |   |   |   | 5,302 |   |
| Cooling consumption revenue   |   |                             | -      |   |   |   | 12,596 |   |   |   | - |   |   |   | 12,596 |   |
|                          |   |                             | -      |   |   |   | 18,721 |   |   |   | 35,877 |   |   |   | 54,598 |   |
| Financing and Lease Income    |   |                             |   |   |   |   |   |   |   |   |   |   |   |
| Financing and equipment lease |   |                             | -      |   |   |   | 1,251 |   |   |   | - |   |   |   | 1,251 |   |
|                          |   |                             | -      |   |   |   | 1,251 |   |   |   | - |   |   |   | 1,251 |   |
| Total Revenue                 |   | $                                | 51,446 |   |   | $ | 19,972 |   |   | $ | 141,880 |   |   | $ | 213,298 |   |
|                          |   |                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                          |   | Quarter Ended September 30, 2009     |    |
|-------------------------------|--------|--------------------------------------|---------|
|                          |   | Energy-related Businesses            |    |   |   |   |   |
|                          |   | The Gas Company                      |    | District Energy |   | Atlantic Aviation |   | Total |   |
| Revenue from Product Sales    |   |                                 |    |   |   |   |   |   |   |   |
| Product sales                 |   | $                                    | 18,680  |   |   | $ | - |   |   | $ | 84,337 |   |   | $ | 103,017 |   |
| Product sales - utility       |   |                                 | 26,056  |   |   |   | - |   |   |   | - |   |   |   | 26,056 |   |
|                          |   |                                 | 44,736  |   |   |   | - |   |   |   | 84,337 |   |   |   | 129,073 |   |
| Service Revenue               |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other services                |   |                                 | -       |   |   |   | 832 |   |   |   | 39,843 |   |   |   | 40,675 |   |
| Cooling capacity revenue      |   |                                 | -       |   |   |   | 5,224 |   |   |   | - |   |   |   | 5,224 |   |
| Cooling consumption revenue   |   |                                 | -       |   |   |   | 9,400 |   |   |   | - |   |   |   | 9,400 |   |
|                          |   |                                 | -       |   |   |   | 15,456 |   |   |   | 39,843 |   |   |   | 55,299 |   |
| Financing and Lease Income    |   |                                 |    |   |   |   |   |   |   |   |   |   |   |
| Financing and equipment lease |   |                                 | -       |   |   |   | 1,190 |   |   |   | - |   |   |   | 1,190 |   |
|                          |   |                                 | -       |   |   |   | 1,190 |   |   |   | - |   |   |   | 1,190 |   |
| Total Revenue                 |   | $                                    | 44,736  |   |   | $ | 16,646 |   |   | $ | 124,180 |   |   | $ | 185,562 |   |
|                          |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                          |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                          |   | Nine Months Ended September 30, 2010 |    |
|                          |   | Energy-related Businesses            |    |   |   |   |   |
|                          |   | The Gas Company                      |    | District Energy |   | Atlantic Aviation |   | Total |   |
| Revenue from Product Sales    |   |                                 |    |   |   |   |   |   |   |   |   |   |   |
| Product sales                 |   | $                                    | 72,760  |   |   | $ | - |   |   | $ | 301,652 |   |   | $ | 374,412 |   |
| Product sales - utility       |   |                                 | 83,517  |   |   |   | - |   |   |   | - |   |   |   | 83,517 |   |
|                          |   |                                 | 156,277 |   |   |   | - |   |   |   | 301,652 |   |   |   | 457,929 |   |
| Service Revenue               |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other services                |   |                                 | -       |   |   |   | 2,490 |   |   |   | 117,770 |   |   |   | 120,260 |   |
| Cooling capacity revenue      |   |                                 | -       |   |   |   | 15,835 |   |   |   | - |   |   |   | 15,835 |   |
| Cooling consumption revenue   |   |                                 | -       |   |   |   | 21,503 |   |   |   | - |   |   |   | 21,503 |   |
|                          |   |                                 | -       |   |   |   | 39,828 |   |   |   | 117,770 |   |   |   | 157,598 |   |
| Financing and Lease Income    |   |                                 |    |   |   |   |   |   |   |   |   |   |   |
| Financing and equipment lease |   |                                 | -       |   |   |   | 3,767 |   |   |   | - |   |   |   | 3,767 |   |
|                          |   |                                 | -       |   |   |   | 3,767 |   |   |   | - |   |   |   | 3,767 |   |
| Total Revenue                 |   | $                                    | 156,277 |   |   | $ | 43,595 |   |   | $ | 419,422 |   |   | $ | 619,294 |   |
|                          |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                          |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                          |   | Nine Months Ended September 30, 2009 |    |
|                          |   | Energy-related Businesses            |    |   |   |   |   |
|                          |   | The Gas Company                      |    | District Energy |   | Atlantic Aviation |   | Total |   |
| Revenue from Product Sales    |   |                                 |    |   |   |   |   |   |   |   |   |   |   |
| Product sales                 |   | $                                    | 58,145  |   |   | $ | - |   |   | $ | 223,494 |   |   | $ | 281,639 |   |
| Product sales - utility       |   |                                 | 67,637  |   |   |   | - |   |   |   | - |   |   |   | 67,637 |   |
|                          |   |                                 | 125,782 |   |   |   | - |   |   |   | 223,494 |   |   |   | 349,276 |   |
| Service Revenue               |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other services                |   |                                 | -       |   |   |   | 2,331 |   |   |   | 128,911 |   |   |   | 131,242 |   |
| Cooling capacity revenue      |   |                                 | -       |   |   |   | 15,231 |   |   |   | - |   |   |   | 15,231 |   |
| Cooling consumption revenue   |   |                                 | -       |   |   |   | 17,130 |   |   |   | - |   |   |   | 17,130 |   |
|                          |   |                                 | -       |   |   |   | 34,692 |   |   |   | 128,911 |   |   |   | 163,603 |   |
| Financing and Lease Income    |   |                                 |    |   |   |   |   |   |   |   |   |   |   |
| Financing and equipment lease |   |                                 | -       |   |   |   | 3,587 |   |   |   | - |   |   |   | 3,587 |   |
|                          |   |                                 | -       |   |   |   | 3,587 |   |   |   | - |   |   |   | 3,587 |   |
| Total Revenue                 |   | $                                    | 125,782 |   |   | $ | 38,279 |   |   | $ | 352,405 |   |   | $ | 516,466 |   |

----

|                            |   | Quarter Ended September 30, 2010 |   |
|---------------------------------|--------|----------------------------------|--------|
|                            |   | Energy-related Businesses        |   |   |   |   |   |   |   |
|                            |   | The Gas Company                  |   |   | District Energy |   |   | Atlantic Aviation |   |   | Total Reportable Segments |   |
| Net income                      |   | $                                | 2,391  |   |   | $ | 35 |   |   | $ | 2,341 |   |   | $ | 4,767 |   |
| Interest expense, net           |   |                             | 5,047  |   |   |   | 6,862 |   |   |   | 12,938 |   |   |   | 24,847 |   |
| Benefit for income taxes        |   |                             | 1,538  |   |   |   | 23 |   |   |   | 1,580 |   |   |   | 3,141 |   |
| Depreciation                    |   |                             | 1,286  |   |   |   | 1,639 |   |   |   | 5,687 |   |   |   | 8,612 |   |
| Amortization of intangibles     |   |                             | 206    |   |   |   | 345 |   |   |   | 8,192 |   |   |   | 8,743 |   |
| Other non-cash expense          |   |                             | 534    |   |   |   | 265 |   |   |   | 149 |   |   |   | 948 |   |
| EBITDA excluding non-cash items |   | $                                | 11,002 |   |   | $ | 9,169 |   |   | $ | 30,887 |   |   | $ | 51,058 |   |

|                                 |   |                             |   |   |            |   |   |              |   |   |                      |   |
|--------------------------------------|--------|----------------------------------|--------|--------|-----------------|--------|--------|-------------------|--------|--------|---------------------------|--------|
|                                 |   | Quarter Ended September 30, 2009 |   |
|                                 |   | Energy-related Businesses        |   |   |            |   |   |              |   |
|                                 |   | The Gas Company                  |   |   | District Energy |   |   | Atlantic Aviation |   |   | Total Reportable Segments |   |
| Net income (loss)                    |   | $                                | 694    |   |            | $      | (764   | )                 |   | $      | (7,612                    | )      |   | $ | (7,682 | ) |
| Interest expense, net                |   |                             | 5,406  |   |            |   | 6,623  |              |   |   | 26,382                    |   |   |   | 38,411 |   |
| Benefit (provision) for income taxes |   |                             | 446    |   |            |   | (500   | )                 |   |   | (5,137                    | )      |   |   | (5,191 | ) |
| Depreciation                         |   |                             | 1,508  |   |            |   | 1,541  |              |   |   | 5,669                     |   |   |   | 8,718 |   |
| Amortization of intangibles          |   |                             | 205    |   |            |   | 345    |              |   |   | 8,576                     |   |   |   | 9,126 |   |
| Other non-cash expense               |   |                             | 510    |   |            |   | 179    |              |   |   | 43                        |   |   |   | 732 |   |
| EBITDA excluding non-cash items      |   | $                                | 8,769  |   |            | $      | 7,424  |              |   | $      | 27,921                    |   |   | $ | 44,114 |   |
|                                 |   |                             |   |   |            |   |   |              |   |   |                      |   |   |   |   |   |

----

|                                 | Nine Months Ended September 30, 2010 |                      |
|--------------------------------------|--------------------------------------|---------------------------|
|                                 |                                 | Energy-related Businesses |   |   |   |   |   |   |   |
|                                 |                                 | The Gas Company           |   |   | District Energy |   |   | Atlantic Aviation |   |   | Total Reportable Segments |   |
| Net income (loss)                    |                                 | $                         | 5,857 |   |   | $ | (5,301 | ) |   | $ | (9,586 | ) |   | $ | (9,030 | ) |
| Interest expense, net                |                                 |                      | 15,780 |   |   |   | 20,866 |   |   |   | 61,612 |   |   |   | 98,258 |   |
| Benefit (provision) for income taxes |                                 |                      | 3,769 |   |   |   | (3,464 | ) |   |   | (6,471 | ) |   |   | (6,166 | ) |
| Depreciation                         |                                 |                      | 4,309 |   |   |   | 4,910 |   |   |   | 17,588 |   |   |   | 26,807 |   |
| Amortization of intangibles          |                                 |                      | 617 |   |   |   | 1,023 |   |   |   | 24,514 |   |   |   | 26,154 |   |
| Other non-cash expense               |                                 |                      | 1,599 |   |   |   | 652 |   |   |   | 754 |   |   |   | 3,005 |   |
| EBITDA excluding non-cash items      |                                 | $                         | 31,931 |   |   | $ | 18,686 |   |   | $ | 88,411 |   |   | $ | 139,028 |   |
|                                 |                                 |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|                                                                                                                                                                                                                                                                                                                                      | Nine Months Ended September 30, 2009 |                      |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------|---------------------------|
|                                                                                                                                                                                                                                                                                                                                      |                                 | Energy-related Businesses |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                      |                                 | The Gas Company           |   |   | District Energy |   |   | Atlantic Aviation (1) |   |   | Total Reportable Segments |   |
| Net income (loss)                                                                                                                                                                                                                                                                                                                         |                                 | $                         | 8,327 |   |   | $ | 1,104 |   |   | $ | (88,094 | ) |   | $ | (78,663 | ) |
| Interest expense, net                                                                                                                                                                                                                                                                                                                     |                                 |                      | 6,774 |   |   |   | 6,850 |   |   |   | 57,822 |   |   |   | 71,446 |   |
| Benefit (provision) for income taxes                                                                                                                                                                                                                                                                                                      |                                 |                      | 5,359 |   |   |   | 721 |   |   |   | (59,467 | ) |   |   | (53,387 | ) |
| Depreciation                                                                                                                                                                                                                                                                                                                              |                                 |                      | 4,504 |   |   |   | 4,506 |   |   |   | 25,093 |   |   |   | 34,103 |   |
| Amortization of intangibles                                                                                                                                                                                                                                                                                                               |                                 |                      | 631 |   |   |   | 1,023 |   |   |   | 50,269 |   |   |   | 51,923 |   |
| Goodwill impairment                                                                                                                                                                                                                                                                                                                       |                                 |                      | - |   |   |   | - |   |   |   | 71,200 |   |   |   | 71,200 |   |
| Loss on derivative instruments                                                                                                                                                                                                                                                                                                            |                                 |                      | 327 |   |   |   | 1,378 |   |   |   | 23,331 |   |   |   | 25,036 |   |
| Other non-cash expense (income)                                                                                                                                                                                                                                                                                                           |                                 |                      | 1,525 |   |   |   | 455 |   |   |   | (324 | ) |   |   | 1,656 |   |
| EBITDA excluding non-cash items                                                                                                                                                                                                                                                                                                           |                                 | $                         | 27,447 |   |   | $ | 16,037 |   |   | $ | 79,830 |   |   | $ | 123,314 |   |
|                                                                                                                                                                                                                                                                                                                                      |                                 |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| ___________________                                                                                                                                                                                                                                                                                                                       |                                 |                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (1) Includes non-cash impairment charges of $102.0 million recorded during the first six months of 2009, consisting of $71.2 million related to goodwill, $23.3 million related to intangible assets (in amortization of intangibles) and $7.5 million related to property, equipment, land and leasehold improvements (in depreciation). |                                 |

|                                                                                                                                                                                                                                                                                                            |   | Quarter Ended September 30, |    |   | Nine Months Ended September 30, |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------|---------|--------|---------------------------------|--------|
|                                                                                                                                                                                                                                                                                                            |   | 2010                        |    |   | 2009                            |   |   | 2010 |   |   | 2009 |   |
| Total reportable segments EBITDA excluding non-cash items                                                                                                                                                                                                                                                       |   | $                           | 51,058  |   |                            | $      | 44,114 |   |   | $ | 139,028 |   |   | $ | 123,314 |   |
| Interest income                                                                                                                                                                                                                                                                                                 |   |                        | 2       |   |                            |   | 7 |   |   |   | 22 |   |   |   | 108 |   |
| Interest expense                                                                                                                                                                                                                                                                                                |   |                        | (24,844 | )      |                            |   | (39,308 | ) |   |   | (98,505 | ) |   |   | (74,977 | ) |
| Depreciation (1)                                                                                                                                                                                                                                                                                                |   |                        | (8,612  | )      |                            |   | (8,718 | ) |   |   | (26,807 | ) |   |   | (34,103 | ) |
| Amortization of intangibles (2)                                                                                                                                                                                                                                                                                 |   |                        | (8,743  | )      |                            |   | (9,126 | ) |   |   | (26,154 | ) |   |   | (51,923 | ) |
| Selling, general and administrative - corporate                                                                                                                                                                                                                                                                 |   |                        | (2,465  | )      |                            |   | (1,732 | ) |   |   | (6,073 | ) |   |   | (6,080 | ) |
| Fees to manager                                                                                                                                                                                                                                                                                                 |   |                        | (2,380  | )      |                            |   | (1,639 | ) |   |   | (6,837 | ) |   |   | (2,952 | ) |
| Equity in earnings and amortization charges of investees                                                                                                                                                                                                                                                        |   |                        | 7,804   |   |                            |   | 1,178 |   |   |   | 19,171 |   |   |   | 16,655 |   |
| Goodwill impairment                                                                                                                                                                                                                                                                                             |   |                        | -       |   |                            |   | - |   |   |   | - |   |   |   | (71,200 | ) |
| Loss on derivative instruments                                                                                                                                                                                                                                                                                  |   |                        | -       |   |                            |   | - |   |   |   | - |   |   |   | (25,238 | ) |
| Other (expense) income, net                                                                                                                                                                                                                                                                                     |   |                        | (808    | )      |                            |   | (508 | ) |   |   | (2,475 | ) |   |   | 4 |   |
| Total consolidated net income (loss) from continuing operations before income taxes                                                                                                                                                                                                                             |   | $                           | 11,012  |   |                            | $      | (15,732 | ) |   | $ | (8,630 | ) |   | $ | (126,392 | ) |
|                                                                                                                                                                                                                                                                                                            |   |                        |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| ___________________                                                                                                                                                                                                                                                                                             |   |                        |    |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| (1) Depreciation includes depreciation expense for District Energy, which is reported in cost of services in the consolidated condensed statement of operations. Depreciation also includes non-cash impairment charges of $7.5 million recorded by Atlantic Aviation during the first six months of 2009. |   |
| (2) Amortization expense includes non-cash impairment charges of $23.3 million for contractual arrangements recorded by Atlantic Aviation during the first six months of 2009.                                                                                                                                  |   |

----

|              |   | Quarter Ended September 30, |   |   | Nine Months Ended September 30, |   |
|-------------------|--------|-----------------------------|--------|--------|---------------------------------|--------|
|              |   | 2010                        |   |   | 2009                            |   |   | 2010 |   |   | 2009 |   |
| The Gas Company   |   | $                           | 1,739  |   |                            | $      | 1,334 |   |   | $ | 5,625 |   |   | $ | 4,915 |   |
| District Energy   |   |                        | 396    |   |                            |   | 2,044 |   |   |   | 1,242 |   |   |   | 5,447 |   |
| Atlantic Aviation |   |                        | 3,012  |   |                            |   | 4,366 |   |   |   | 5,595 |   |   |   | 9,246 |   |
| Total             |   | $                           | 5,147  |   |                            | $      | 7,744 |   |   | $ | 12,462 |   |   | $ | 19,608 |   |
|              |   |                        |   |   |                            |   |   |   |   |   |   |   |   |   |   |   |

|                                                                                                                                   |   | Property, Equipment, Land and Leasehold Improvements |    |   | Goodwill |   |    | Total Assets |   |
|----------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------|---------|--------|----------|--------|---------|--------------|--------|
|                                                                                                                                   |   | 2010                                                 |    |   | 2009 (1) |   |    | 2010         |   |   | 2009 (2) |   |   | 2010 |   |   | 2009 |   |
| The Gas Company                                                                                                                        |   | $                                                    | 144,400 |   |     | $      | 143,269 |         |   | $ | 120,193 |   |   | $ | 120,193 |   |   | $ | 352,474 |   |   | $ | 347,269 |   |
| District Energy                                                                                                                        |   |                                                 | 147,630 |   |     |   | 146,063 |         |   |   | 18,646 |   |   |   | 18,646 |   |   |   | 234,333 |   |   |   | 230,544 |   |
| Atlantic Aviation                                                                                                                      |   |                                                 | 273,731 |   |     |   | 289,157 |         |   |   | 377,343 |   |   |   | 377,343 |   |   |   | 1,437,767 |   |   |   | 1,497,028 |   |
| Total                                                                                                                                  |   | $                                                    | 565,761 |   |     | $      | 578,489 |         |   | $ | 516,182 |   |   | $ | 516,182 |   |   | $ | 2,024,574 |   |   | $ | 2,074,841 |   |
|                                                                                                                                   |   |                                                 |    |   |     |   |    |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| ___________________                                                                                                                    |   |                                                 |    |   |     |   |    |         |   |   |   |   |   |   |   |   |   |   |
| (1) Includes a non-cash impairment charge of $7.5 million recorded during the first six months of 2009 at Atlantic Aviation.           |   |
| (2) Includes a non-cash goodwill impairment charge of $71.2 million recorded during the first six months of 2009 at Atlantic Aviation. |   |
|                                                                                                                                   |   |                                                 |    |   |     |   |    |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|                                            |   | As of September 30, |      |
|-------------------------------------------------|--------|---------------------|-----------|
|                                            |   | 2010                |      |   | 2009 |   |
|                                            |   |                |      |   |   |   |
| Total assets of reportable segments             |   | $                   | 2,024,574 |   |   | $ | 2,074,841 |   |
| Investment in IMTT                              |   |                | 211,662   |   |   |   | 201,585 |   |
| Assets of discontinued operations held for sale |   |                | -         |   |   |   | 94,942 |   |
| Corporate and other                             |   |                | (12,283   | ) |   |   | (6,493 | )  |
| Total consolidated assets                       |   | $                   | 2,223,953 |   |   | $ | 2,364,875 |   |

----

|  − Holding company debt restructuring advice provided by MCUSA in 2009 | $500 |
|-----------------------------------------------------------------------------------|------|

| Revolving credit facility commitment provided by Macquarie Group during January 1, 2010 through March 30, 2010 (1) |   |   |   |   |   | $      | 4,444 |
|--------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|-------|
| Revolving credit facility commitment provided by Macquarie Group at March 31, 2010 (2)                             |   |   |   |   |   |   | ----  |
| Portion of revolving credit facility commitment from Macquarie Group drawn down, as of March 31, 2010 (2)(3)       |   |   |   |   |   |   | ----  |
| Interest expense on Macquarie Group portion of the drawn down commitment, for the quarter ended March 31, 2010     |   |   |   |   |   |   | ----  |
| Commitment fees to the Macquarie Group, for quarter ended March 31, 2010                                           |   |   |   |   |   |   | 5     |

| ___________________ |
|---------------------|
| (1)                 | On December 31, 2009, the Company elected to reduce the available principal on its revolving credit facility from $97.0 million to $20.0 million. This resulted in a decrease in the Macquarie Group’s total commitment under its revolving credit facility from $21.6 million to $4.4 million. |
| (2)                 | The holding company’s revolving credit facility matured on March 31, 2010. |
| (3)                 | On December 28, 2009, the Company repaid the entire outstanding principal balance on its revolving credit facility. |

----

----

----

Item 1. Legal Proceedings

Item 1A. Risk Factors

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Item 3. Defaults Upon Senior Securities

Item 4. Submission of Matters to a Vote of Security Holders [Reserved]

Item 5. Other Information

Item 6. Exhibits

----

SIGNATURES

|                    | MACQUARIE INFRASTRUCTURE COMPANY LLC |                           |
|-------------------------|--------------------------------------|--------------------------------|
|                    |                                 |                           |   |
| Dated: November 3, 2010 | By:                                  | /s/ James Hooke           |   |
|                    |                                 | Name: James Hooke              |   |
|                    |                                 | Title: Chief Executive Officer |   |
|                    |                                 |                           |   |

|                                      |   |                                               |
|-------------------------------------------|--------|----------------------------------------------------|
|                                      |   |                                               |   |
| Dated: November 3, 2010    | By:    | /s/ Todd Weintraub                            |   |
|                                      |   | Name: Todd WeintraubTitle: Chief Financial Officer |   |

----

|          |   |                                                                                                                                                                                                                  |
|---------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ExhibitNumber |   | Description                                                                                                                                                                                                           |
| 10.1*         |   | Loan Agreement, dated as of August 1, 2010, between the Louisiana Public Facilities Authority, as issuer, and IMTT-Finco, LLC, relating to the issuance of $85.0 million aggregate principal amount of GO Zone bonds. |
| 31.1*         |   | Rule 13a-14(a)/15d-14(a) Certification of the Chief Executive Officer                                                                                                                                                 |
| 31.2*         |   | Rule 13a-14(a)/15d-14(a) Certification of the Chief Financial Officer                                                                                                                                                 |
| 32.1*         |   | Section 1350 Certification of Chief Executive Officer                                                                                                                                                                 |
| 32.2*         |   | Section 1350 Certification of Chief Financial Officer                                                                                                                                                                 |

| ________________________ |
|--------------------------|
|                     |   | *Filed herewith. |