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  • DTE Energy Services is planning to start retrofitting a 44 MW coal-fired plant to burn biomass after finalizing the purchase of the plant from NextEra Energy Resources.
  • Calpine inked its $1.63 billion purchase of the Conectiv Energy from Pepco Holdings on Thursday, marking its entrance into PJM.
  • The need for government policy, the effects of legislation on renewables and the possible revival of a market for initial public offerings created all the buzz at the American Council On Renewable Energy's Renewable Energy Finance Forum.
  • Instead of adding green food coloring to its tasty brew, Brooklyn Brewery is greening its selection of ales year-round by using 100% wind power at its brewery in Brooklyn, N.Y.
  • American Electric Power entered a new, three-year $1.5 billion credit agreement June 23 to reduce refinancing risk.
  • Financiers and renewables developers are worried a regulatory reform bill provision restricting proprietary trading in commercial banks will reduce the already limited amount of tax equity investment.
  • Bankers and developers are zeroing in on initial public offerings for renewables developers as the industry begins to emerge from the financial crisis and companies look for ways to capitalize their increasing development pipelines.
  • Citigroup is taking a $650 million equity stake in Terra-Gen's 720 MW Alta wind project.
  • Bankers are less hesitant to finance solar photovoltaic plants as they become more comfortable with the technology, pricing on panels continues to drop and state renewable portfolio standards increase the number of projects with investment-grade utility offtakers.
  • GE Energy Financial Services has purchased a majority stake in a portfolio of wind farms near Hagerman and Burley, Idaho, for an undisclosed amount from Exergy Development Group.