Macquarie Infrastructure Company’s Hawaii Gas Business Clears Federal Hurdle to Transporting Containerized LNG

  Macquarie Infrastructure Company’s Hawaii Gas Business Clears Federal Hurdle
  to Transporting Containerized LNG

  *FERC declines to assert jurisdiction

Business Wire

NEW YORK -- January 18, 2013

Macquarie Infrastructure Company’s (NYSE: MIC) Hawai’iGas business received a
decision from the Federal Energy Regulatory Commission (FERC) that is expected
to accelerate Hawai’iGas’ proposal to transport containerized liquefied
natural gas (LNG) from the U.S. mainland to Hawaii.

In a decision published yesterday, the FERC declined to assert jurisdiction
over Hawai’iGas’ proposal, thereby removing a potential federal hurdle to the
project. Hawai’iGas sought FERC approval in an August 2012 filing.

The project remains subject to satisfaction of state and local regulatory

“The FERC’s decision not to assert jurisdiction over the proposed
transportation of LNG to Hawaii is a positive step for both the company and
the Hawaiian economy,” said James Hooke, Chief Executive Officer of MIC. “The
decision should hasten the implementation of the LNG program at Hawai’iGas and
opens the door to reducing the cost of energy in Hawaii.”

At current prices LNG is about 25% less expensive than the feedstock used to
produce the synthetic natural gas distributed to Hawai’iGas’ utility

In anticipation of the required approvals, Hawai’iGas has secured the
equipment necessary for the vaporization of LNG and two LNG shipping
containers. The company plans to employ up to 20 containers in a continuous
cycle of transport of liquefied natural gas from the U.S. mainland to Hawaii.

Hawai’iGas expects to be prepared to receive a first container of LNG in as
little as 60 days, subject to its having obtained required approvals from
state and local authorities.

About Macquarie Infrastructure Company

Macquarie Infrastructure Company owns, operates and invests in a diversified
group of infrastructure businesses providing basic, everyday services, to
customers in the United States. Its businesses consist of three energy-related
businesses including a gas production and distribution business (Hawai’iGas),
a controlling interest in a district energy business (District Energy), and a
50% interest in a bulk liquid storage terminal business (International-Matex
Tank Terminals). MIC also owns and operates an aviation-related airport
services business (Atlantic Aviation). The Company is managed by a
wholly-owned subsidiary of the Macquarie Group. For additional information,
please visit the Macquarie Infrastructure Company website at MIC-G

Forward-Looking Statements

This filing contains forward-looking statements. MIC may, in some cases, use
words such as "project”, "believe”, "anticipate”, "plan”, "expect”,
"estimate”, "intend”, "should”, "would”, "could”, "potentially”, or "may” or
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these forward-looking statements. Forward-looking statements in this release
are subject to a number of risks and uncertainties, some of which are beyond
MIC’s control including, among other things: changes in general economic or
business conditions; its ability to service, comply with the terms of and
refinance debt, successfully integrate and manage acquired businesses, retain
or replace qualified employees, manage growth, make and finance future
acquisitions, and implement its strategy; its shared decision-making with
co-investors over investments including the distribution of dividends; its
regulatory environment establishing rate structures and monitoring quality of
service, demographic trends, the political environment, the economy, tourism,
construction and transportation costs, air travel, environmental costs and
risks, fuel and gas costs; its ability to recover increases in costs from
customers, reliance on sole or limited source suppliers, risks or conflicts of
interests involving its relationship with the Macquarie Group and changes in
U.S. federal tax law.

MIC’s actual results, performance, prospects or opportunities could differ
materially from those expressed in or implied by the forward-looking
statements. Additional risks of which MIC is not currently aware could also
cause its actual results to differ. In light of these risks, uncertainties and
assumptions, you should not place undue reliance on any forward-looking
statements. The forward-looking events discussed in this release may not
occur. These forward-looking statements are made as of the date of this
release. MIC undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by law.

MIC is not an authorized deposit-taking institution for the purposes of the
Banking Act 1959 (Commonwealth of Australia). The obligations of MIC do not
represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008
583 542 (MBL). MBL does not guarantee or otherwise provide assurance in
respect of the obligations of MIC.


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