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  • An increase of wind generation in Texas concerns gas-fired plant owners as the state’s gas consumption could fall 18.5% by 2013 with more wind farms coming online.
  • Georgia’s Municipal Electric Authority will use Build America Bonds to raise almost all the $2.5 billion needed to fund its share of the Vogtle nuclear reactor.
  • Xcel Energy will pay customers $2.25 per watt to generate solar power from residential installations.
  • Iberdrola Renovables will headquarter its global offshore wind unit in Glasgow, Scotland.
  • Spain is making plans to reduce renewable subsidies by the end of the year.
  • Pepco Holdings is weighing the sale of undisclosed assets as the company narrows its focus on transmission and distribution, including smart meter installations, ceo Joseph Rigby said during a panel discussion.
  • Macquarie Capital is running the sale of two oil-fuelled power plants on two different French islands in the Caribbean totaling 30 MW for an undisclosed party.
  • Calyon and Natixis are arranging financing with pricing in the range of 275 basis points over LIBOR, backing the first 150 MW phase of Terra-Gen’s 3 GW Alta wind project in Tehachapi, Calif.
  • Sempra Energy will sell its North American commodities joint venture it owns with Royal Bank of Scotland via boutique investment bank Lazard as it proceeds with the $1.7 billion sale of the European and Asian parts of the business to JPMorgan.
  • French utility Veolia Environnement says its divestiture plan to sell EUR3 billion ($4 billion) of assets between 2009 and 2011 is running ahead of schedule.