Brendan specialises in infrastructure finance and regulation, and particularly the estimation of the cost of capital for use in regulatory price reviews and contract arbitrations in Australia, New Zealand and Asia Pacific region.
Over the last 13 years, Brendan has advised infrastructure service providers, regulators and governments on application of the building block approach, incentive mechanisms, operating and capital allowances, regulatory finance and asset valuation matters.
Brendan’s infrastructure experience spans the airports, ports, telecommunications, electricity transmission and distribution networks, water services and gas pipelines sectors. He has made significant contributions to the understanding of the returns required by regulated infrastructure businesses, particularly in relation to: the use of various financial models to estimate the cost of equity; the effect of tax imputation credits, and the estimation of debt costs.
Brendan has also advised regulators and infrastructure service providers on the appropriate use of financial models to estimate required revenues and prices. This has included the modelling of both pre-tax and post tax building block frameworks and the application of effective incentive mechanisms.