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Texas regulators open door to rival Oncor bids

The process of selling off Oncor Electric Delivery Company from the bankrupt Energy Future Holdings has started from scratch after regulators denied the existing buyer consortium the right of first offer for the company

LS Power closes Alabama peaker sale

LS Power has closed on the sale of the Calhoun Energy Center gas-fired peaker plant to a fund managed by Harbert Management Corporation, both firms have announced

EXCLUSIVE July close targeted for KalSel coal-fired IPP

The sponsors of the 2x100MW $540 million KalSel coal-fired independent power producer (IPP) project in Indonesia are aiming to reach financial close by end of July.

NRG to sell Illinois peakers to LS Power

NRG Energy has agreed to sell two peaking gas-fired plants in Illinois to LS Power, as it continues its deleveraging efforts

Details emerge of LS Power hydro refi

Details have emerged of LS Power’s refinancing of its Seneca 508MW hydroelectric power plant in Pennsylvania

EXCLUSIVE Marubeni targets early Q3 close for Cirebon 2

The sponsors of the $2 billion 1,000MW expansion to the Cirebon coal-fired power plant complex in Indonesia are aiming to reach financial close by the beginning of the third-quarter of 2016.

Peter J Solomon goes into energy advisory

Peter J Solomon Company, the privately held US investment bank, is to expand into energy advisory with three hires from other banks, the firm announced on 18 May

Marubeni signs MOU for Cirebon 3 coal-fired

Marubeni has signed a memorandum of understanding with Korea Midland Power, Samtan and PT Indika Energi to jointly develop a third 1,000 MW coal-fired power plant in Cerbon, in Indonesia’s West Java province.

Dynegy outlines acquisition financing plans

Dynegy expects to raise high-yield bonds or a term loan B to finance most of its share of the acquisition costs of a portfolio of fossil fuel power plants from Engie, the firm’s chief executive has said

SEC signs Kexim-covered loan for Shuqaiq

Saudi Electricity Company (SEC) has signed on a $900 million loan covered by the Export-Import Bank of Korea and other lenders to finance the Shuqaiq power plant

Panda plots PJM sale and Sherman refinancing

Panda Power Funds is planning to refinance one of its power plants in Texas and sell its entire gas-fired portfolio in the PJM market, IJGlobal understands

South Africa plans gas-fired PPP and solar parks

South Africa’s Department of Energy has launched an expression of interest for a new 600MW gas-fired power project to be procured as a public private partnership

EDF faces Hinkley cost rises and ratings downgrade

EDF, the sponsor of the UK’s long-awaited 3.2GW Hinkley Point C nuclear development, has said the cost of the project could rise to £21 billion ($30.1bn), £3 billion more than previously estimated

EIB, AFD sign on Red Sea-Dead Sea studies

The European Investment Bank (EIB) and Agence Française de Développement (AFD) have signed to provide economic, financial and other studies for the Red Sea-Dead Sea Water Conveyance project between Israel and Jordan

Planning application due for IFA2 power cable

The UK’s National Grid and France’s Réseau de Transport d'Electricité (RTE) are set to submit a planning application for their 1GW Interconnexion France-Angleterre transnational electricity interconnector project

DONG Energy announces summer share float plans

Danish utility DONG Energy has said the long-mooted initial public offering (IPO) of its shares could launch on the Nasdaq Copenhagen market this summer

Cheniere Energy hires CEO from Calpine

Cheniere Energy has appointed Jack Fusco as its permanent chief executive, the LNG developer announced on 12 May

US EPA challenges Arizona CCGT fire sale

The US Environmental Protection Agency has challenged the terms of sale of 1,100MW of gas-fired power generation by a bankrupt arm of private equity firm Wayzata Investment Partners

Engie to buy battery storage firm

Engie, the French energy holding company, has closed the acquisition of a majority stake in US battery storage developer Green Charge Networks, the firm announced on 10 May

Details emerge on Ares-EIF's Newark term loan B

Ares-EIF has finally closed the refinancing of its 705MW Newark Energy Center gas-fired merchant power plant in New Jersey, two sources familiar with the matter told IJGlobal

Red Sea-Dead Sea pipeline prequalification date set

The submission deadline for prequalification bids on the Israel to Jordan pipeline linking the Red and Dead Seas has been set for 30 May 2016, according to documents from Jordan’s Ministry of Water and Irrigation