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  • Houston-based Clean Lines Energy, which is planning a $3.5 billion transmission line from wind farms in Oklahoma to western Tennessee, wants an administrative law judge to grant it public utility status.
  • First Energy’s proposed $4.7 billion purchase of Allegheny Energy has landed the approval of Maryland regulators.
  • Half-dozen lenders have made commitments to a $265 million refinancing backing a portfolio of wind farms owned by Edison Mission Energy subsidiary Viento Funding II.
  • Axio Power is trying to attract investors to solar photovoltaic projects by offering up minority stakes in development projects for $10 million.
  • Big, well-capitalized power developers active in Canada are expected to continue making acquisitions of projects, especially since they can snag lower development capital costs than smaller sponsors.
  • Recurrent Energy is considering a financing mix of bonds and loans backing roughly $700 million in solar photovoltaic projects in Ontario.
  • Pricing on an Energy Capital Partners $525 million financing package has been cut to 425 basis points over LIBOR from 450-475 bps due to oversubscription.
  • Renewables, including solar, wind, geothermal and biofuels, will increase their contribution to global energy between 2010 and 2030, from 5% to 18%, according to BP’s industry forecast.
  • Kristina Johnson, a former member of the AES Corp. board of directors, has rejoined the board.
  • The German government and the nation’s solar energy industry have struck an agreement that will lower subsidies for photovoltaic plants.