babcocks slippery slope, page-49

hello Pcockley,
Appart from their managment agreements, BNB also have some other resent purchases still on their balance sheet, so is my understanding which appear to have been bought at a discount and which seem to be assets of good quality...

solar (not sure what they have bought but they got a facility)(http://pepei.pennnet.com/display_article/335098/6/ARTCL/Display/none/1/Bank-of-Scotland-funds-Babcock-&-Brown-solar-projects/

Angel Trains refer announcement 13/6/08

Dominion Power assets :July 2 (Bloomberg) -- Babcock & Brown Infrastructure Fund North America, owner of ports and lines to deliver gas and power, agreed to buy Dominion Resources Inc.'s natural-gas utilities in Pennsylvania and West Virginia for $910 million.

The deal, subject to regulatory approvals, includes Peoples Natural Gas Co. and Hope Gas Inc., the San Francisco-based fund, an affiliate of Babcock & Brown Ltd., Australia's second-largest investment firm, and Richmond, Virginia-based Dominion said today in statements.

Babcock is adding natural-gas delivery to 359,000 homes and businesses in the Pittsburgh area and to 115,000 in West Virginia to U.S. holdings that include a power cable under San Francisco Bay, port operations in Florida, Louisiana and Alabama, and a stake in the 9,800-mile (15,768-kilometer) Natural Gas Pipeline of America.

It's paying $60 million less for the gas utilities than Dominion was to have gotten from Equitable Resources Inc. under a March 2007 agreement. Dominion and Equitable scuttled the deal in January after the U.S. Federal Trade Commission moved to block it, saying it would create a natural-gas monopoly in the in the Pittsburgh area.