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  • Competitive Power Ventures has entered into several non-disclosure agreements with companies interested in taking an investment stake in its wind unit.
  • The U.S. Federal Energy Regulatory Commission has approved the Southwest Power Pool’s proposed highway/byway cost allocation plan for new transmission projects.
  • Norway’s Statkraft is retooling its investment strategy to maintain its credit rating, including selling its solar unit and reducing its wind pipeline.
  • Transmission Developers, a Toronto-based firm, is planning a $3.8 billion, 420-mile transmission line between Lake Champlain and Connecticut.
  • International Power and South Texas Electric Cooperative are planning to start construction on a $1.4 billion, 650 MW Coleto Creek II coal-fired project late next year.
  • To attract investors to Pakistan’s nascent wind industry, the Alternative Energy Development Board is guaranteeing an annual return of up to 18% and is promising to pay power producers if wind falls below a certain speed.
  • Terra-Gen is talking to lenders about financing the next three phases of its Alta wind project, a combined 570 MW, in one swoop.
  • GE Energy Financial Services is reportedly one of the first round bidders in the auction of U.S. Power Generating Co.'s natural gas assets in Boston.
  • BrightSource Energy expects to close on its $1.37 billion loan under the U.S. Department of Energy's Section1705 loan guarantee program for innovative renewables and nuclear projects before this fall.
  • The North American market for wind turbines is getting cheaper for developers as more manufacturers are targeting the area and new project development has slowed.