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  • Renewable generation took center stage in generation asset auctions and sales in the third quarter.
  • DTE Energy Services is looking to build its fleet of coal-fired-cum-biomass plants through acquisitions after agreeing to buy a 49.5 MW plant in California—its second conversion in the state.
  • Hedge fund Seneca Capital has proposed to replace two Dynegy board members with Jeff Hunter, cfo of U.S. Power Generating Co., and E. Hunter Harrison, the former ceo of Canadian National Railway, as it looks to block Blackstone Group’s takeover.
  • Sempra Generation is shopping for a power purchase agreement for its 200 MW Rosamond solar project from California utilities.
  • TransAlta is planning to build an 800 MW Sundance 7 natural-gas fired plant near Edmonton, Alberta, at its existing 2.1 GW Sundance coal-fired facility.
  • E.ON is planning to sell about EUR15 billion ($21 billion) of assets by the end of 2013 as its earnings decline.
  • Solar panel and wind turbine manufacturers are increasingly take over targets as stocks lost about $400 billion in value this year.
  • Cogentrix has mandated GE Energy Financial Services to lead a $150-200 million refinancing of two coal-fired plants in Virginia.
  • More than a dozen lenders are looking at $360 million in credit facilities backing Caithness Energy and GE Energy Financial Services’ $2 billion Shepherds Flat wind farm.
  • DTE Energy Services is buying a large stake in the 49.5 MW Mt. Poso coal-fired plant in California and will convert it to a 44 MW biomass facility.