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  • Utilities are unlikely to sign long-term natural gas supply contracts because price volatility means the utilities are unsure whether the price they lock in will be a bargain or overpayment in the coming years, according to Southern Co. and Duke Energy.
  • EDF wants to finalize its deal with Constellation Energy as soon as possible.
  • A 75 MW wind farm proposal by Falcon Energy in the Maldives will cut the country’s carbon footprint by about a quarter and supply about 40% of its power needs.
  • A 75 MW wind farm proposal by Falcon Energy in the Maldives will cut the country’s carbon footprint by about a quarter and supply about 40% of its power needs.
  • The U.K.’s Centrica will free up cash and realize investments with its plans to sell a 50% stake in three wind projects to an institutional investor.
  • Canadian developer Kruger Energy is talking to banks stateside for project financing backing its $200 million, 101.2 MW Chatham wind project in Chatham-Kent, Ontario.
  • American Electric Power Co. is forming a new transmission unit that will be on the lookout for transmission opportunities in 11 states instead of AEP’s subsidiary utilities.
  • The climate change bill that passed the U.S. House of Representatives would eliminate free pollution permits, which could hurt consumers if utilities have to pay in the initial cap-and-trade program, say officials at Exelon and American Electric Power Co.
  • Southern Co. expects to issue about $2.5 billion of notes in 2010 as it looks to refinance existing debt and fund investments.
  • Duke Energy is still looking for partners to build a nuclear power plant in South Carolina and have it online around 2020.