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  • Dominion Resources offered to buy both Duke Energy and Progress Energy at a 10- to 15% premium over their stock prices in a letter sent on Friday.
  • Peter Mastic took the reins of National Wind today as ceo and president, succeeding Leon Steinberg, who is staying on as executive v.p. for an undetermined period of time.
  • GE Energy Financial Services and a Union Bank unit have bought Terra-Gen Power’s 150 MW Alta Wind I farm via a sale leaseback.
  • Mitsubishi Corp. is planning to invest JPY40 billion ($481.5 million) on a pair of wind projects in Idaho that Ridgeline Energy is developing.
  • Energy crop grower Aina Koa Pono, which mainly grows sweet sorghum and eucalyptus plants, is in talks with Goldman Sachs, Morgan Stanley and JPMorgan about raising money after securing agreements to fuel Hawaiian Electric Co.’s 80 MW Keahole plant.
  • Southern California Edison has signed power purchase agreements with SunPower for a 711 MW portfolio of three projects.
  • Ohio has given a lease to LEEDCo, which is working with Fresh Water Wind, to develop an offshore wind project in Lake Erie.
  • Shandong New Energy Co., a subsidiary of GD Power Development Co., has lined up preliminary approval for two wind projects totaling 400 MW in Eastern China.
  • Duke Energy and Progress Energy are expected to net serious savings via their merger, bankers say.
  • Barclays Capital has launched a $525 million financing package for Energy Capital Partner’s acquisition of Milford Power.