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Liz Parminter, a scheduler at Aquila in London, has left the power-trading shop to rejoin U.K. energy regulator, the Office of Gas and Electricity Markets (Ofgem). At present she is working on a consultancy basis until the end of the year, but may end up staying longer, says one official familiar with her plans. Parminter declined to comment.

Lead arrangers BNP Paribas and Société Générale sent out invitations last Thursday to some half a dozen banks to commit at the sub-underwriter, arranger level on InterGen's upcoming Rijnmond construction loan tied to a project in the Netherlands.

Deutsche Bank has let go three senior staffers from its London-based commodities and energy group. Michael Nutt, managing director and global head of commodity marketing; David Pierce, head of emerging commodities, and Roger Jones, head of energy trading, were all shown the door at the end of July, say market watchers.

Concern that Dynegy could be forced into bankruptcy has prompted U.K. energy traders such as BP, Centrica, Hetco and Entergy-Koch Trading to rapidly form an ad hoc pressure group to demand better security on the natural gas they store with the company's Dynegy Storage (formerly BG Storage) subsidiary. Officials at BP, Centrica, Hetco and EKT either declined to comment or did not return calls.

Following is a directory of upcoming projects and related financing in the Latin American power sector. To report new deals or provide updates, please call Amanda Levin, Reporter, at (212) 224-3292 or email: alevin@iinews.com

Entergy is expected to sign EUR340 million ($332 million) in debt financing next month with Credit Agricole Indosuez, Société Générale and the European Bank for Reconstruction and Development to fund the modernization of its Maritza East III power plant in Bulgaria. A financier familiar with the matter says the regional development bank will likely take a EUR100 million ticket and the French banks will fund the remainder through a covered facility. The latter tranche is likely to be syndicated the following month. Calls to the EBRD were not returned and bankers at CAI and Socgen declined to comment.

AES's debt stricken Brazilian subsidiary, Eletropaulo Metropolitana Electricidade de Sao Paulo, is seeking a one-year extension on $580 million debt due this month as it looks to avert being forced into bankruptcy. Eletropaulo and its financial advisor Lazard have approached the wires utility's creditors and offered them an up-front cash payment equal to 15% of the face value of the debt in return for replacing 85% of the bonds with 12-month notes, says an official familiar with the matter. Lazard was hired last month to assist in negotiating extensions for the maturing debt and a further $110 million of bonds maturing in September (PFR, 7/29).

Morgan Stanley has shown the door to Glen Suarez, a U.K. power sector relationship banker and formerly head of the firm's London-based European power group. Suarez departure is part of a company-wide series of investment banking job cuts announced earlier this month. A spokeswoman at the bulge bracket outfit declined to comment on Suarez, but says job losses in it global energy division have been minimal. Suarez could not be reached for comment.

Close Brothers Corporate Finance has received strong interest in Enron Teesside Operations (EOTL) from potential acquirers and expects to receive indicative bids by the end of the month, according to Martin Gudgeon, managing director at the restructuring, M&A and corporate finance house in London. Gudgeon described EOTL as a cash-generative, profitable asset. The site provides utility and support services to several bulk chemical manufacturers and includes the 133 MW Wilton power plant, which can be powered by coal, natural gas or renewables.

Royal Bank of Scotland has launched a EUR133 million 14-year project loan to finance the construction of 11 wind farms in southern Italy. A banker familiar with the deal says the Milan-based Edison-sponsored loan is priced at 100 basis points over LIBOR initially before rising to a 120 basis point yield spread. RBoS is seeking banks to commit at the EUR20 million level, he says. Calls to Steve Gee, a syndicator at RBoS, were not returned.