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  • Ofgem, the U.K.’s energy regulatory body, is setting up a GBP400 million ($646.3 million) fund to encourage electricity and gas distribution companies to invest in energy efficiency programs and other methods.
  • Indiana’s lack of a renewable portfolio standard has halted development on at least two wind projects in the state.
  • Progress Energy started talks about a potential merger with two separate utilities, including Dominion Resources, in 2009 before launching talks with Duke Energy.
  • ReEnergy Holdings has agreed to purchase the 103 MW coal-fired cogeneration Rumford plant from NewPage for $61 million.
  • Arizona Public Service Company plans to issue a request for proposals for small renewables projects—each generating between 2 and 15 MW—in early April.
  • WestLB and Citigroup are talking to potential investors to gauge pricing on a $110 million private placement backing Brookfield Renewable Power’s acquisition and construction of the Granite Reliable wind project in Coos County, N.H.
  • Brookfield Infrastructure Partners is said to be considering selling its Cross Sound Cable Co. and is talking to investment banks about advising.
  • -- Robert Gardiner, president of Independence Wind in Brunswick, Maine, on his company’s plans to make its maiden foray into project financing via private banks for its 117 MW project in the state.
  • Terra-Gen Power landed a $394 million financing package backing the first phase of the Alta Wind Energy Center in Tehachapi, Calif.
  • SkyPower and Canadian Solar are planning a 10.5 MW solar park in Thunder Bay, Ontario.