WEC Energy Group Inc at Global Listed Infrastructure Organisation (GLIO) Virtual Conference Transcript

Mar 09, 2021 / 10:00PM GMT
Fraser Hughes -

Okay. Welcome, everybody. It looks like most participants have come in. My name is Fraser Hughes. I'm the Chief Exec of GLIO. We have an absolutely fantastic session today moderated by Steve Fleishman of Wolfe Research. Our panel members are really 2 giants of the utility sector: Tom Fanning of Southern Company; and Gale Klappa, of WEC Energy Group.

Before I hand over to Steve, a few updates on GLIO. Our membership continues to grow. We are now over 65 members. The membership is made up of listed companies and dedicated listed infrastructure managers. The listed companies own and manage infrastructure assets that amounts to well over $1 trillion. Combined, the listed managers have funds under management of $115 billion. Our long-term opportunity is to grow this $115 billion.

Developments in listed infra are often compared to global REITs. Using [rebased] AUM growth in REITs, we can see that the first 10 years of growth are similar. The question is what will the next 10 years look like. If we took a similar path, we estimate that AUM in listed infra could grow to between $300

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