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Calpine is looking to arrange a $2 billion secured loan facility, as a $1 billion unsecured loan it announced in January appears to be floundering, according to bankers. One banker close to the discussions says both secured and unsecured facilities are still live options, either individually or combined, but another, who is also involved, sees the latter option as unlikely. "The senior unsecured facility was supposed to close in January. It didn't." Getting the loan in place is seen as crucial for the San Jose, Calif., IPP because of the thin projected cash surplus it is forecasting for this year (PFR, 2/11).

Lead arrangers Citibank, BNP Paribas and the Export Development Corp., Canada's national credit export agency, expect to close syndication next month on InterGen's $533 million project loan for the construction of La Rosita I and II (1,075 MW), says a project financier familiar with the matter. Approximately 10-12 banks have already signed up with commitments in the $40-$50 million range, he says. He declined to name the banks or comment on the fees.

Lead arrangers of the Al Shuweihat S1 $1.3 billion project loan have restructured the deal to include a $250 million Islamic tranche to broaden the appeal of the deal among Middle Eastern banks during syndication, says an official involved in the deal. The banker says the move was necessary because many banks in the region are unable to provide loans that pay interest under the terms of Islam's Sharia law.

Garth Klimchuck, a managing director and head of Berenson, Minella & Co.'s power sector mergers & acquisitions group, left the New York firm last Friday to join a recently formed investment and merchant banking boutique. The new shop, Bovaro Partners, was set up last year to advise small and medium-sized energy companies, primarily in the $150-$400 million range, on raising private capital and M&A. Klimchuck says Bovaro's long-term goal is to also make investments in energy companies.

Eric Lyons, a debt origination banker at J.P. Morgan, has joined Dresdner Kleinwort Wasserstein, as a director in its London based energy and utilities practise.

Kirk Edelman, managing director in TD Securities' New York energy group, has left after less than a year at the firm. One banker says Edelman is a well-known name in project finance circles, particularly from his time at Dresdner Kleinwort Wasserstein, his previous shop before joining TD (PFR, 4/15). The reason for his Jan. 17 departure and whether he has landed elsewhere in the market could not be determined. A TD spokesman says the firm remains committed to the energy sector, and so it's likely Edelman will be replaced. He declined to comment on why Edelman left. TD recently reorganized its power team and elevated Julian Bott to a new slot heading up energy in the U.S. (PFR, 1/14).

UFJ Bank, the firm formed Jan. 15 by the merger of Sanwa Bank and Tokai Bank, has appointed Larry Bressler and Alan Nakatani as group co-heads of project, utility, energy and aerospace finance for the U.S.

Ameren will use the bulk of the proceeds from a Jan. 16 $100 million unsecured notes offering to help fund the construction of two generating facilities in Illinois with a 710 MW combined capacity, according to Linda DeWine, an analyst at Fitch, who rated the deal.

United Utilities Electricity, a Warrington, U.K.-based distribution business, managed to better the yield spread on a long-dated fungible bond issue for the second time in three months when it tapped the issue last week.

Following is a directory of ongoing generation asset sales. The accuracy of the information, which is derived from many sources, is deemed reliable but cannot be guaranteed. To report new auctions or changes in the status of a sale, please call Will Ainger, managing editor, at (44-20) 7303-1735 or e-mail wainger@euromoneyplc.com. Seller Plants Location MW Plant Type Advisor Status American Electric Power/ Northeastern units 3 & 4 Okla. 300 Coal N/A Reviewing sale strategies. Central and Southwest Corp. Lon C. Hill Texas 546 Gas Nueces Bay Texas 559 Gas Ennis S. Joslin Texas 249 Gas ADWEA Um Al Nar Abu Dhabi 1,100 Gas & Water Desalination CSFB Expected to send out RFPs in December. Central Hudson Gas & Electric Syracuse N.Y. 100 CHP Navigant Final bids due by late Nov. Beaver falls N.Y. 100 CHP Niagara falls N.Y. 52 Coal CMS Energy Loy Yang Melbourne, Australia 2,000 Coal Not chosen Announced intention to sell. Ensenada Argentina 128 Gas-fired J.P. Morgan CT Mendoza Argentina 520 Gas-fired J.P. Morgan El Chocon Argentina 1,320 Hydroelectric J.P. Morgan DPL All plants Ohio 3,500 N/A Morgan Stanley Enel Eurogen Italy 7,008 Various - Having sold Elettrogen it will sell one of two Interpower Italy 2,611 Various - other generation portfolios shortly. Enron Bahia Las Minas Panama 355 PwC Intention to sell. Pueto Quetzal Guatemala 110 (administrator) PQPLLC Guatemala 124 Margarita II Nicaragua 70.5 EcoElectrica Puerto Rico 507 Puerto Plata Dominican Republic 185 Cuiaba Brazil 480 Nowa Sarzyna Poland 116 Sarlux Italy 551 Trakya Turkey 478 Chengdu Cogen China 284 Northern Marianas Guam 80 Bantagas Philippines 110 Dabhol India 2,184 Subic Bay Philippines 116 Teesside U.K. 1875 Wilton U.K. 154 IVO Energy Brigg U.K. 240 Gas BNP Paribas Preparing information memo. South Humber U.K. 1,240 Gas Grangemouth*** U.K. 130 Gas Edenderry Ireland 120 Peat Independent Energy Various U.K. 130 N/A KPMG KPMG is handling the asset sale after Independent Energy went into receivership. MARCOR Remediation - Calif. 5.7 Wood - - (A broker acting for an undisclosed seller) Niagara Mohawk Power Nine Mile Point 1 N.Y. 1,614 Nuclear N/A Awaiting bids. Nine Mile Point 2 N.Y. 1,140 Nuclear N/A North Atlantic Energy Seabrook* N.H. 408 Nuclear N/A Must be sold by Dec. 2003. Oman (Ministry of Housing, Rusail Oman 730 Gas - - Electricity & Water) Ghubratt Oman 507 CHP Wad Al-Jazzi Oman 350 Gas Ontario Power Generation Lennox Ontario 2,140 Oil, gas Merrill Lynch & Expects to sell Lennox and Lakeview shortly. Lakeview Ontario 1,140 Coal Scotia Capital- Atikokan Ontario 215 Coal Thunder Bay Ontario 310 Coal Mississagi River Ontario 490 Hydro Pacific Gas & Electric 68 Plants Calif. 3,800 Hydro Morgan Stanley Awaiting PUC approval. Expect sale to close shortly. Public Service Co. of New Merrimack N.H. 475.8 Coal J.P. Morgan Subject to approval for rate settlement by PUC Hampshire (Northeast Utilities) Newington N.H. 415 Oil/gas and state legislature. Schiller N.H. 146.6 Oil/gas Lost Nation N.H. 19.1 Diesel Merrimack N.H. 42.2 Diesel Schiller N.H. 18 Diesel White Lake N.H. 23 Diesel Amoskeag N.H. 17.5 Hydro Ayers Island N.H. 9.1 Hydro Canaan Vt. 1.1 Hydro Eastman Falls N.H. 6.5 Hydro Garvins Falls N.H. 12.1 Hydro Gorham N.H. 2.1 Hydro Hoolsett N.H. 1.95 Hydro Jackman N.H. 3.55 Hydro Smith N.H. 14.2 Hydro Reliant Resources Reliant Energy Power Netherlands 3,476 Mixture Merrill Lynch Is looking to seal sale imminently Generation Benelux Argener Argentina 160 CHP - - ScottishPower Hazelwood Victoria, Australia 1,600 Coal CSFB Final bids due shortly. TXU Lake Creek Texas 323 Gas Merrill Lynch Reviewing sales strategy. Tradinghouse Texas 1,340 River Crest Texas 110 Mountain Creek Texas 893 Parkdale Texas 327 North Main Texas 123 Monticello Texas 1,900 Coal Merrill Lynch Is looking to sell an undisclosed number of its Martin Lake Texas 2,250 coal assets. Big Brown Texas 1,150 Sandow Texas 545 Wisconsin Energy Bridgeport Conn. 1,100 (combined) - - Has put up for sale following collaspe New Haven Conn. 1,100 (combined) of NRG deal. * North Atlantic Energy owns 34.8% of Seabrook *** Fortum owns 75% of Grangemouth. Mitsubishi owns the remainder.