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  • Avista Corp. has landed a 364-day, $200 million revolving credit facility to provide liquidity in case the Spokane, Wash.-based energy player needs to repurchase bonds due in December, should it not be able to refinance the debt.
  • DCP Midstream will use a majority of the proceeds from a $250 million 144A private placement to repay a short term loan facility.
  • Acciona Energy issued a request for proposals to finance its 180 MW Tatanka wind farm in North and South Dakota.
  • The Bureau of Land Management will hold a competitive bid for 191,000 acres in Utah, Idaho and Oregon for geothermal development at its Salt Lake City, Utah office on Dec. 19.
  • Tenaska Energy is planning to sell a stake in Tenaska Marketing Ventures after agreeing to repurchase a 50% stake in the company from American International Group affiliate AIG-FP.
  • GE Energy Financial Services is reportedly considering cutting roughly 20% of its employees amidst a restructuring of GE Capital.
  • Montreal-based Kruger Energy will seek debt financing for three wind projects with a combined cost of C$815 million ($653 million).
  • Babcock & Brown Wind Partners has proposed to split from Babcock & Brown, but its parent company is frowning upon at least part of the plan.
  • John Plaster, managing director at Barclays Capital, has been named co-head of alternative energy banking in New York.
  • GE Energy Financial Services is reportedly considering cutting roughly 20% of employees amid a restructuring of GE Capital. The cuts are expected in the first two weeks of January, says one industry official close to the business. “It’s a core business for GE, but it’s pretty well known they will be making cuts… People are keeping their heads as low as possible,” he says of the team of some 300 employees.