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  • A Babcock & Brown subsidiary has selected BayernLB, BNP Paribas, and Scotia Capital to arrange financing for its $910 million purchase of two Dominion natural gas utilities.
  • Colmac Energy is selling its 47 MW biomass facility south of Palm Springs, Calif., near Mecca. Indicative bids in the two-round auction are due early next month via auctioneer Bodington & Co.
  • SunTrust Capital Markets is arranging close to $100 million in financing for the third stage of SGR Holdings' and ArcLight Capital Partners' Southern Pines Energy Center gas storage facility in Greene County, Miss. Financing is expected to close later this month.
  • Constellation Energy Group is planning to sell its upstream natural gas business to increase liquidity after divulging it would be lacking more than $1.6 billion in collateral if it were assigned a sub-investment grade rating.
  • The Grand River Dam Authority and Oklahoma Gas and Electric will use proceeds from $813 million in bond issues to finance their $852 million purchase of Kelson's 1,230 MW Redbud plant in Luther, Okla.
  • Acciona Energy North America is in talks with project finance banks to test the market on levering up its 180 MW Tatanka wind farm in Dickey and McIntosh Counties, N.D., and McPherson County, S.D.
  • Nebraska Public Power District is planning to use proceeds from a $325 million general revenue bond issue to fund construction of a transmission line and coal plant, refurbish plants and refinance commercial paper.
  • WestLB will look to line up a club financing of five to six banks next month for its $270 million turbine supply loan to SkyPower.
  • ING Capital and Société Générale are frontrunners to land a mandate for financing the $330 million, 100 MW Nacogdoches Power project in Sacul, Texas, from developer Energy Management (EMI).
  • Howard Kagan, managing director and director of investments for Harbinger Capital Partners in New York, has left the firm.