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  • JPMorgan has agreed to buy RBS Sempra Commodities’s European and Asian energy trading business for $1.7 billion.
  • FirstEnergy’s acquisition of Allegheny Energy is bolstered by the lackluster results at Copenhagen in December and the Republican senate victory in Massachusetts, both of which diminished the prospects of climate change legislation.
  • The Los Angeles Department of Water and Power and First Solar are planning to install a 3-5 GW solar project on Owens Lake in California.
  • SCANA’s fourth-quarter earnings dropped 9.1% amid decreased industrial and consumer demand.
  • Progress Energy posted a $142 million profit in the fourth quarter and expects power sales to rise this year in North Carolina.
  • The European Union’s first phase of carbon trading has been successful in reducing emissions despite its flaws, according to a report analyzing the 2005 to 2007 trades.
  • Norway is planning to spend NOR137 million ($23 million) to build a wind turbine capable of producing 10 MW.
  • Eastern Power is looking to deploy debt to finance a C$400 million ($379 million) natural gas-fired plant in Mississauga, Ontario.
  • EverPower Renewables had been looking to sell a stake in the company as it looked to line up funding for $670 million of projects.
  • While the headlines in the run up to the Vancouver Olympics focused on the lack of snow and Lindsey Vonn's boo-boo on her shin, a well-oiled PR machine has been plying a different angle: the greening of the games.