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  • Venture capital investments in U.S. Clean technology companies dropped more than 50% last quarter from the year before.
  • Xcel Energy is asking for a $198 million rate increase in Minnesota to fund upgrades to its Monticello nuclear facility.
  • The White House is open to ways to cut greenhouse gas emissions, including alternatives to a cap-and-trade program, which President Obama had originally supported.
  • Australia will need to invest AUD$51 billion ($51.52 billion) in generation and distribution networks over the next five years.
  • Regional programs to cut emissions are expected to gain traction following the election results as conservatives, who are critical of climate change policies, won in the U.S. House of Representatives and democrats won the governor contests in California and Massachusetts.
  • California voters paved the way for new legislation to restrict greenhouse gas emissions by rejecting proposition 23, which would have repealed the existing limitations.
  • Suncor Energy, the biggest oil company in Canada, and partner Teck Resources, a diversified mining company, have tapped General Electric Co. to supply turbines for the 88 MW Wintering Hills project in Alberta that is expected to go into construction next year.
  • New policies in Australia and India are attracting investors to the wind industry, easing the credit crunch the market has faced for almost two years.
  • Enel is planning for strong retail investor interest in its Thursday stock debut of Enel Green Power and has re-weighted 78% of its shares in that direction.
  • WestLB is talking to Noble Environmental Power about participating in a financing backing the developer’s roughly $200 million, 99 MW Granite Reliable Power Windpark in Coos County, N.H.