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  • Primary Energy Recycling Corp. has decided on a recapitalization after deciding bids received in a two-step auction process for the company would not provide adequate value for shareholders. Credit Suisse and Genuity Capital Markets were financial advisor for the auction process.
  • Conduit Capital Partners is planning to finance a planned 60 MW diesel-fired expansion of its 125 Old Harbour Bay plant in Jamaica with a combination of debt and equity.
  • Energy Investors Fund is selling its stakes in five generation assets with a combined 728 MW capacity and its 66.7% stake in its Neptune Regional Transmission System.
  • Some 13 lenders joined the Goldman Sachs-led retail syndication of the $985 million in financing for Kleen Energy Systems' 620 MW plant in Middletown, Conn.
  • Entergy Mississippi has issued $150 million in first mortgage bonds to fund its $139 million capital expenditure program.
  • Stora Enso, a paper, packaging and forest products company, is planning to finance at least half of a planned EUR137 million ($191.54 million), 165 MW cogeneration facility using multiple fuels in Ostroleka, Poland, on balance sheet.
  • Wind Revolutions, a Denver-based developer, is looking to sell its Cowboy Mesa wind project in development near Corona, N.M.
  • --Steve Dean, president of DAI Management Consultants in Pittsburgh, Pa., on the possibility of loan guarantees terms not meeting the financing needs for new nuclear generation.
  • The Tuolumne Wind Project Authority, an affiliate of the Turlock Irrigation District, is considering a Build America Bond tranche in its planned $425 million revenue bond issue to finance a wind farm purchase.
  • Mainstream Renewable Power expects that its first U.S. wind generation purchase will position it to take advantage of expected carbon regulations since the projects sit amid a cluster coal-fired electricity generation.