Macquarie Infrastructure Company's 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
requirements.
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