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  • Lenders are optimistic that Kleen Energy Systems’ 620 MW natural gas-fired plant in Middletown, Conn., will be completed within a few months.
  • Direct Energy, a unit of Centrica, is looking to spend GBP2 billion ($3 billion) on natural gas assets before 2012.
  • Edison International is planning to invest $5.5 billion in five years on several transmission projects that aim to move renewable power around California. Edison will complete phase two of its Tehachapi project in addition to others.
  • California utilities, including Pacific Gas & Electric Co., Southern California Edison Co. and San Diego Gas & Electric Co., are at risk for penalties after only achieving 70% of targeted energy savings from 2006-2008, according to the advocacy unit of the California Public Utilities Commission.
  • Xcel Energy is considering buying less solar power if problems over its planned $180 million San Luis Valley transmission line are not resolved.
  • A cold winter and two new coal-fired plants—along with natural gas hedges—boosted Energy Future Holdings’ revenue for the first quarter.
  • First round bids are due June 1 for a majority stake in Polish power company Energa.
  • Horizon Wind Energy is selling a tax equity stake in its 99 MW Meadow Lake II wind farm to JPMorgan Capital.
  • Project financiers are nervous that the so-called Volcker rule could reduce loan capacity in the power sector and hike funding costs, if included in the financial regulatory reform bill before the U.S. Senate.
  • International Power is selling of €250 million ($379.1 million) in a 144A bonds to be priced later in the week.