0048 GMT - APA's medium-term earnings could be impacted if the Australian Energy Regulator sticks by its draft decision not to make the Basslink line a regulated asset, Jarden analysts say. They tell clients in a note that pipeline operator APA will probably increase charges for the use of Basslink if the AER formalizes its decision. Price rises would could increase near-term earnings, but decrease medium-term earnings when the proposed Marinus Link transmission line is built. That said, they point out that Basslink is not a major earnings contributor and Jarden keeps an overweight rating on the stock. It cuts the target price 1.8% to A$8.30. Shares are down 1.3% at A$7.085.(stuart.condie@wsj.com)
(END) Dow Jones Newswires
December 17, 2024 19:49 ET (00:49 GMT)
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