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  • A national renewable portfolio standard requiring utilities to generate 20%-25% of power from renewable sources could create more than 250,000 jobs.
  • BC Hydro received approval from the British Columbia Utilities Commission to buy a 33% stake in Teck Resources Waneta Dam for C$825 million ($771 million).
  • RWE is selling a 24.6% stake in a 508 MW coal-fired plant in Rostock, Germany.
  • Five banks arranging a $220 million construction/term loan for Pacific Hydro's 106 MW Chacaves hydro project in Chile aimed to wrap the financing in April.
  • Financing backing Competitive Power Ventures' 152 MW Keenan II wind farm in Woodward County, Okla., is set to wrap oversubscribed.
  • A consultancy and Italian research and ratings company have launched a stock index to provide investors a way to take advantage of carbon legislation.
  • Banks are taking tickets for the $1.6 billion financing backing El Paso's Ruby Express Pipeline following a bank meeting in New York on Tuesday.
  • Denham Capital has invested $108 million in geothermal developer Vulcan Power via preferred and common stock, ahead of the company's push for project financing the first 60 MW of its Putua project outside of Reno, Nev.
  • The Trans-Allegheny Interstate Line Company has secured a $350 million revolver to fund the remaining costs of construction on its 240-mile transmission line.
  • Some banks are pitching sub-300 basis point spreads and more than 10-year tenors as they vie to lead the financing for EDF subsidiary enXco's 201 MW Lakefield wind project in southwestern Minnesota.