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  • Entergy Louisiana is planning to use the proceeds from an offering of $300 million in 10-year, 6.5% first-mortgage bonds for capital expenditures, including the re-powering of a plant.
  • Georgia Power, the largest subsidiary of Southern Co., will seek a bank to lead a $250 million offering planned for the fourth quarter.
  • Biomass developer Rollcast Energy will begin a sale of equity in the company after Labor Day to finance its 400 MW portfolio of projects. “We’re open to anything, but I would expect it would be a minority stake,” says Penn Cox, ceo in Charlotte, N.C. “A lot depends on who the investors are and what their constraints are,” he adds, noting the company has been in preliminary talks with some potential investors he declined to name.
  • Babcock & Brown International will look at how it can deploy $3.2 billion of committed capital, especially in generation, as part of an ongoing strategic review.
  • Cannon Solar Partners will look for financing in roughly 18 months for its 750 MW of solar projects in Lucerne Valley, Calif.
  • The New York State Public Service Commission is expected to make its decision tomorrow regarding Iberdrola’s proposed $4.5 billion acquisition of Energy East Corp.
  • ArcLight Capital Partners and IGS Utilities have hired UBS to sell their jointly owned natural gas distribution company, Mountaineer Gas.
  • Requests for qualification are due next Friday for IPPs to build, own and operate plants for the first development of generation through the private sector in South Africa.
  • BQ Energy is looking to construct a wind farm on Staten Island in New York City, but needs approval from the New York City Department of Parks & Recreation before construction can begin.
  • ABN Amro and BNP Paribas have flexed up pricing in the syndication of financing for AES Gener's Chilean 520 MW Angamos plant and are reportedly considering restructuring the deal into a club financing.