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  • Calif. Gov. Arnold Schwarzenegger vetoed two renewable energy bills yesterday because of limitations they put on the amount of power that can be imported from neighboring states.
  • The drop in natural gas prices is causing some utilities like Progress Energy to rethink plans on how to reduce greenhouse gas emissions.
  • The Mexican Federal Electricity Commission will take over operations at Luz y Fuerza del Centro, a utility that provides power to Mexico City and four surrounding states.
  • George Soros, the billionaire founder of Soros Fund Management, will sink $1 billion in clean energy technology and donate $100 million to an advisory group to help policymakers address climate change.
  • PGE, Poland’s state-owned utility, expects to raise PLN5 billion ($1.7 billion) in its IPO that launches tomorrow. It fund investments and close a budget gap.
  • The British Committee for Climate Change recommends that two new nuclear plants be built and four coal plants fitted with carbon capture and storage equipment before 2020 to meet greenhouse gas emission targets.
  • CE2 Carbon Capital, a company focused on building a carbon offset portfolio, has purchased $12 million worth of carbon offsets from three projects developed by Blue Source, a company that creates carbon offsets through its projects. Goldman Sachs sold the offsets to CE2.
  • North American Power Group has put two coal plants and two biomass plants in California up for sale.
  • A six-bank club yesterday wrapped a roughly $200 million financing backing the 101 MW Hatchet Ridge wind farm in Redding, Calif., that was part of Babcock & Brown’s development portfolio.
  • French company Alstom, We Energies and the Electric Power Institute have captured 90% of the carbon dioxide from a small portion of the emissions stream at WE’s 1,208 MW Pleasant Prairie coal-fired plant in Wisconsin.