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  • Project finance lawyers from firm Chadbourne & Parke are set to meet next month with U.S. Department of Treasury officials to iron out the meaning of the changes made last week to Section 1603 of the American Recovery and Reinvestment Act.
  • Bosque Power Co. filed for bankruptcy protection today in U.S. Bankruptcy Court in the Western District of Texas.
  • German independent power producer Phoenix Solar is in the process of establishing an American subsidiary based in California.
  • Hydro-Quebec ended its planned acquisition of New Brunswick Power due to concerns over the amount of water in dams and the amount of capital needed.
  • Proposed legislation in the Louisiana legislature would allow utilities to sell securitized bonds for capex recovery.
  • The Obama administration said that additional hydro generation could add 60 GW to the grid.
  • Otter Tail Power Co. and Xcel Energy have asked the North Dakota Public Service Commission to rule the proposed $1.7 billion CapX2020 transmission project is good for ratepayers before construction begins.
  • General Electric Co. is planning to invest EUR340 million ($53 million) in Europe’s burgeoning offshore wind market in the next decade.
  • Private equity shop Energy Investors Funds has closed the sale of the Glen Park Hydroelectric Project to Fort Chicago Energy Partners for $80.1 million.
  • Hunt Transmission Services, a subsidiary of Hunt Oil, is acquiring Cap Rock Energy, a transmission utility in Midland, Texas, from Continental Energy Systems for roughly $221 million.