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While airline ticket prices have bottomed out, so has the 'service,' which has become synonymous with cramped legroom, stingy snacks and lost luggage.

Brazilian state-backed utility Centro Electricas Brasileiras--commonly called Eletrobras--has issued $1 billion of unsecured notes in a private placement to fund its BRL32 billion ($17 billion) capital expenditure plan.

Bulgarian Energy Holdings, Dimosia Epichirisi Paroxis Ariou and Italian utility Edison are considering project financing a EUR120 million ($170 million) natural gas pipeline between Greece and Turkey.

Details on financing Sithe Global's C$1 billion ($919 million) 800 MW Southdown natural gas-fired power plant in Mississauga, Ontario are expected to go out to banks this week.

El Paso is looking to tap debt to fund its $3 billion Ruby Express Pipeline. The debt is in addition to the $550-700 million stake taken by Global Infrastructure Partners this week, which El Paso has agreed to match with a cash injection, leaving $1.6-$1.9 billion to be debt financed.

At least two lenders have reportedly joined the financing backing American Renewables joint venture partners’ $400 million, 100 MW Nacogdoches biomass project in Sacul, Texas. Calyon is reportedly one of the lenders joining the deal, however, a bank official could not confirm its participation. Baycorp Holdings, Energy Management Inc., and Tyr Energy comprise the partnership and are likely looking for roughly $300 million in debt for the facility.

Details on financing Sithe Global’s C$1 billion ($919 million) 800 MW Southdown natural gas-fired power plant in Mississauga, Ontario are expected to go out to banks next week. Banks had been approached to lend to the project three months ago, one banker says, and now the developer now is ready to tap the markets. The company is looking to finance the project with 80% debt and it is bidding the project into the Ontario Power Authority’s tender for an 850 MW combined cycle facility (PFR, 1/30).

Glacier Partners Corp., coming off advising Magma Energy’s acquisition of a stake in Icelandic geothermal concern HS Orka, says it is working with two or three major players in the industry to tap private equity to develop geothermal projects in the U.S.

Brazilian state-backed utility Centro Electricas Brasileiras—commonly called Eletrobras--has issued $1 billion of unsecured notes in a private placement to fund its BRL32 billion ($17 billion) capital expenditure plan. The 10-year, 6.875% notes were placed last week. A portion of the proceeds will also go toward general corporate purposes. Raquel Krauss, head of the funding division in Rio De Janeiro, did not respond to e-mails. The reasoning behind the utility’s decision to use unsecured notes and a private placement, and the amount of proceeds devoted to the capex could not be learned.

Bulgarian Energy Holdings, Dimosia Epichirisi Paroxis Ariou and Italian utility Edison are considering project financing a EUR120 million ($170 million) natural gas pipeline between Greece and Turkey. The EU is contributing EUR45 million to the project as part of a stimulus package and the remaining costs will be funded with project finance debt or shareholder equity, says Mark Lewis, partner at Paul Hastings in Washington, D.C., which is advising state-backed BEH on the project.