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  • The U.S. Department of Energy is expected to announce a loan guarantee for up to 80% of the development costs of GE Energy and Caithness Energy’s 909 MW Shepherd’s Flat wind farm under its Financial Institute Partnership Program.
  • Oscar Brown, managing director of Barclays Capital’s energy group in Houston, has moved to Bank of America as managing director and head of investment banking for the office.
  • Credit Suisse has hired JPMorgan veteran Guido Cerini to boost its profile in Latin America.
  • Yingli Green Energy Holdings has agreed to provide more than 10 MW of photovoltaic modules to New Jersey-based developer SunDurance.
  • Jeffrey Immelt, ceo of General Electric, says the U.S. government must take “strong actions” in the energy industry to stay competitive in a race to build nuclear reactors and wind turbines with countries such as Japan and China.
  • Brazil is considering allowing large power users to sell electricity that they have contracted to buy but don’t need.
  • Several large utilities, including DTE Energy, would not necessarily object to being the first industry to implement carbon emissions limits under the proposed climate bill.
  • PPL Electric Utilities will seek Pennsylvania state regulatory approval for an up to 2.5% rate increase to fund transmission and distribution improvements over the next few years.
  • NextEra Energy Resources is scouting transmission opportunities areas with bottlenecked renewable projects, Moray Dewhurst, vice chairman of FPL Group, told attendees.
  • Larry Kellerman, president of Cogentrix and head of power assets and a Goldman Sachs partner, is retiring.