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Samir Nangia, an electric utility analyst at Credit Lyonnais Securities in New York, has left the firm. Market watchers say Nangia's departure was part of sizable headcount reductions at the French bank last month. A spokeswoman confirmed that Nangia had left the firm, but declined further comment. Nangia could not be reached for comment. Nangia was with Salomon Smith Barney prior to joining Credit Lyonnais.

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Calpine is close to inking a deal with banks to finance a 600 MW combined-cycle gas-fired plant in Wisconsin, with Credit Lyonnais and HypoVereinsbank among the banks likely to head the group. Officials at Credit Lyonnais declined comment and calls to HVB were not returned. One official says negotiations are in full swing and a deal may be completed in the next quarter.

Toronto-based Hydro One tapped the fixed-income market for CAD500 million ($326.5 million) at the end of last month as part of its rolling program of refinancing maturing debt issues. The fact debt is maturing is driving the issuance strategy, but the company is also able to tap into lower financings costs, says spokeswoman Anne Creighton. She was unable to provide details on the savings. Calls to treasurer Ali Suleman were not returned.

Enterprise Products Partners, a natural gas distribution and storage company based in Houston, is considering a $200 million secondary stock offering in a bid to bring its debt-to-equity ratio down from the current 57% to 50%.

Lewis Hart, senior v.p. of project finance at Bank of Tokyo-Mitsubishi in New York, has left the firm. The reason for his departure could not be determined. Hart, who was seen by veteran financiers as a fixture of the project finance market given his long career in the sector, could not be reached. Mark Dennes, v.p. in the group, is taking on Hart's marketing remit, according to market officials. Dennes declined comment.

Enron's bank debt climbed into the high teens last week on news that the company's creditors might be able to access assets that were transferred off Enron's balance sheet. Paper that has been trading in the mid-teens jumped to a market of 17-20. Trading was said to be slim, but Deutsche Bank is believed to have traded a $10 million slug. Officials at the bank declined to comment.

FPL Energy is edging closer to inking a $900 million to $1.1 billion construction revolver, lead banks have been telling fellow lenders. The financing, which turned into something of a mini-epic last year when it was downsized from a planned $2-2.4 billion deal and lost lead Citibank in a spat about underwriting terms (PFR, 5/6), isn't going to shoot out of the blocks imminently, say officials. But, they note, Bank of Nova Scotia financiers have recently been saying the deal is getting closer. Calls to officials at Bank of Nova Scotia, and at fellow lead Royal Bank of Scotland, were not returned.

Players have been piling in to the $320 million financing backing Kohlberg Kravis Roberts and Trimaran Capital Partners' acquisition of a DTE Energy transmission business. The loans, launched earlier this month by CIBC World Markets (PFR, 2/10), are up to twice oversubscribed for some tranches, says one market official. The rarity value of the paper and the steady income flow from the underlying asset are likely strong draws, he adds.