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  • E.ON and Gazprom have halted a joint venture to build a trio of 400 MW natural gas-fired plants in northern Germany, citing weak demand and lower power prices.
  • Edison International has issued $400 million in seven-year senior unsecured notes to capture low rates and fund its utility subsidiary Southern California Edison’s $21.5 billion capital expenditure program.
  • Banco Santander, Crédit Agricole, Natixis, Sumitomo Mitsui Banking Corp. and UniCredit have closed a $180-225 million financing for Eurus Energy and NRG Energy.
  • David Moore and Stephen Smith, former head of renewable energy finance and former renewable energy project financier at the public finance division of Citigroup, are looking to build out their project finance and M&A advisory shop Clean Energy Capital.
  • Mirant and RRI Energy upsized the term loan B financing backing their merger into GenOn Energy to $700 million from $500 million after investors took strong interest in the paper.
  • WestLB and ING have snagged commitments in a roughly $350 million financing backing GE Energy Financial Services and Exergy Development Group’s portfolio of Idaho wind farms.
  • CIT Group is looking for a comeback in power project finance after nearly two years on the sidelines.
  • Quantum Utility Generation, the new generation company headed by Larry Kellerman, former president of Goldman Sachs-owned Cogentrix Energy, is looking to spend $1 billion on acquisitions of renewable and natural gas-fired assets.
  • Santee Cooper is considering bringing in a partner on its 45% stake in the planned $10 billion nuclear project.
  • EDF and Constellation Energy are in talks about whether and how to continue their nuclear partnership.