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Rockpoint Gas Storage Inc. Announces Filing of Application to California Public Utilities Commission for Potential Future Acquisition of Wild Goose and Lodi
Rockpoint Gas Storage Inc. ("Rockpoint" or the "Company") (TSX: RGSI) announces that today an application (the "CPUC Application") was filed jointly with Brookfield Infrastructure Fund GP II, LLC, Wild Goose Storage LLC ("Wild Goose") and Lodi Gas Storage L.L.C. ("Lodi") to the California Public Utilities Commission (the "CPUC").
About this update from Brookfield Asset Management Inc
[{"type":"text","content":"CALGARY, AB, Jan. 12, 2026 /CNW/ - Rockpoint Gas Storage Inc. ("Rockpoint" or the "Company") (TSX: RGSI) announces that today an application (the "CPUC Application") was filed jointly with Brookfield Infrastructure Fund GP II, LLC, Wild Goose Storage LLC ("Wild Goose") and Lodi Gas Storage L.L.C. ("Lodi") to the California Public Utilities Commission (the "CPUC").","length":431,"tagName":"p"},{"type":"image","alt":"Rockpoint Gas Storage Inc. (CNW Group/Rockpoint Gas Storage Inc.)","displaySize":"","headline":null,"caption":"Rockpoint Gas Storage Inc. (CNW Group/Rockpoint Gas Storage Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":397,"url":"https://media.zenfs.com/en/cnwgroup.com/058dbadd473f7dfee2916ea4f4338491"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/mYSqvMYaepjtgHZZReBWgQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwMDtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/058dbadd473f7dfee2916ea4f4338491","width":400,"height":397}},"href":"https://mma.prnewswire.com/media/2860042/Rockpoint_Gas_Storage_Inc__Rockpoint_Gas_Storage_Inc__Announces.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The CPUC Application is seeking authorization of the CPUC for the Company to have the ability to acquire a controlling interest in Wild Goose and Lodi at a future date. Wild Goose and Lodi are each regulated gas storage utilities in the State of California, and state regulations stipulate that a change in the controlling interest of a gas storage utility cannot occur without the prior authorization of the CPUC.","length":414,"tagName":"p"},{"type":"text","content":"Brookfield Infrastructure Fund II ("Brookfield") currently holds a 60% indirect interest in each of Wild Goose and Lodi, with Rockpoint indirectly holding the remaining 40% interest in each company. Brookfield has the right to cause Rockpoint to acquire all or a portion of its interests in Wild Goose and Lodi at any time after October 15, 2026 in exchange for, at Rockpoint's election, cash, class A common shares of Rockpoint or a combination thereof (the "Exchange Right"), subject to the prior receipt of all necessary approvals of the CPUC.","length":570,"tagName":"p"},{"type":"text","content":"No determinations have been made...