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Citadel Investments, a Chicago-based hedge fund with $6-7 billion in assets, has hired Vince Kaminski, founder and head of Enron's research group in Houston. Kaminski, a quantitative heavyweight known as 'the genius' within Enron, referred questions to Scott Rafferty, an investor relations official, who declined all comment.

Barclays Capital launched syndication at a bank meeting in London May 14 of a EUR219.5 million 16-year non-recourse loan tied to the Huntstown power project in the Republic of Ireland. A Barclays official says the firm is offering EUR20 million and EUR10 million tickets during syndication, but declined comment on how many participants it is seeking.

Standard Bank is in the process of raising a $750 million fund to invest in Middle Eastern and North African power and infrastruture project and shortly will launch a separate fund for investing in Latin American projects. Allan Walker, newly appointed head of Standard Bank's power and infrastructure advisory group in London, says these two funds, as well as a recently closed $300 million emerging Africa infrastructure fund, will invest in project level debt, mezzanine financing and private equity. He adds the bank is raising the funds because of the abundance of projects in the emerging markets that need financing and these projects limited access to traditional financing.

Oil and gas leviathan BP is reportedly considering acquiring embattled San Jose, Calif.-based independent power producer Calpine, according to market officials in the U.S. The potential sale price could not be determined by press time. Colum Doyle, communications director for gas, power and renewables at BP in London, scotched the talk, noting "there is absolutely no truth in the [rumor] that BP is about to acquire Calpine." Bill Highlander, spokesman at Calpine, declined comment.

Louis Dreyfus Energy has re-hiredPaul Addis, most recently executive v.p. at AEP, and has hired David Delainey, former chairman and ceo of Enron Energy Services. Addis joins as ceo and Delainey as coo of Louis Dreyfus Energy, according to Mary Anne Costello, a spokeswoman at Louis Dreyfus Holding Co. in New York. She declined comment on the reason for the hires in an e-mailed response to questions.

Oil and gas leviathan BP is reportedly considering acquiring embattled San Jose, Calif.-based independent power producer Calpine, according to market officials in the U.S. The potential sale price could not be determined by press time. Colum Doyle, communications director for gas, power and renewables at BP in London, said "there is absolutely no truth in the [rumor] that BP is about to acquire Calpine." Bill Highlander, spokesman at Calpine, also declined comment.

Citadel Investments, a Chicago-based hedge fund with $6-7 billion in assets, has hired Vince Kaminski, founder and head of Enron's research group in Houston. Kaminski, a quantitative heavyweight known as "the genius" within Enron, referred questions to Scott Rafferty, an investor relations official, who declined all comment.

London Electricity tapped the inflation-linked bond market for the first time today to refinance short-term debt associated with its wires business. Steve Bott, group finance manager in London says its distribution arm London Power Networks issued GBP150 million of 30-year bond linked to the retail price index (RPI) and GBP200 million of 25-year fixed-rate debt.

Louis Dreyfus Energy has re-hired Paul Addis, most recently executive v.p. at AEP, and has hired David Delainey, former chairman and ceo of Enron Energy Services. Addis joins as ceo and Delainey as coo of Louis Dreyfus Energy, according to Mary Anne Costello, a spokeswoman at Louis Dreyfus Holding Co. in New York. She declined comment on the reason for the hires in an e-mailed response to questions.

Reliant Resources restated revenue for the first quarter of 2001 and is reviewing revenue from round-trip trades for the last three years. According to its quarterly report filed with the Securities and Exchange Commission, Reliant lowered first-quarter 2001 revenue 14% to $8.6 billion from $9.9 billion to reflect the net value rather than the gross value of the round-trip trades (Dow Jones, 5/21).