TransGrid

TransGrid

Acquired

December 2015

UTA Ownership

20.0%

Australia

New South Wales

TransGrid owns and operates the largest high-voltage electricity transmission network in Australia. Stretching along the east coast of Australia from Queensland to Victoria, the network links the three most-populous states in Australia, facilitating interstate energy flows and forming the backbone of the National Electricity Market.

TransGrid performance a critical role in delivering electricity to over three million households and businesses across NSW and the ACT, operating and maintaining 13,000km of high voltage transmission lines and cables, 104 substations and 2,300km of optical fibre network.

TransGrid's principal business is regulated by the Australian Energy Regulator (AER).  The 99-year lease of TransGrid commenced in December 2015 and runs through to December 2114.

ElectraNet

ElectraNet

Acquired

December 2003

UTA Ownership

10.1%

Australia

South Australia

ElectraNet owns and operates the regulated electricity transmission network throughout South Australia. ElectraNet's transmission network consists of a high-capacity 275kV main grid that links generation sources (including interstate interconnectors) to the major load centres such as Adelaide, while the lower capacity 132 kV system provide supply to regional centres.

ElectraNet maintains 95 substations and 5,600km of high-voltage, large-capacity connections between generators and the local distribution network, which ultimately delivers the electricity to end users.   

ElectraNet’s principal business is regulated by the Australian Energy Regulator (AER). ElectraNet has a long-term lease over its assets expiring in 2200.

Phoenix Natural Gas

Phoenix Natural Gas

Acquired

August 2013

UTA Ownership

50.0%

Ireland

Belfast, Northern Ireland

Phoenix Natural Gas owns and operates the largest gas distribution company in Northern Ireland, providing gas in excess of 225,000 domestic and business customers in the Greater Belfast, Larne, East Downs and Whitehead regions. This represents a penetration rate of 65% of total available properties, which will continue to rise as natural gas replaces oil as the primary heating source. 

The asset is regulated by the Northern Ireland Authority for Utility Regulation.