Jan 18, 2013
- Holly Fletcher
Ameren Energy Generating Co. is being tipped for a restructuring process as parent Ameren looks to exit the merchant business. Since Ameren announced it wanted to leave merchant generation in late December, the $825 million in senior unsecured notes at GenCo have slid nearly 40% from par to the low 60s, observers say.
In the announcement last month, Ameren did not specify how it would exit and there was speculation there would be a sale of some or all of its generation assets similar to the auctions of facilities under PPL Montana and Dominion (PI, 1/11).
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Jan 23, 2015 -
Sponsors and their lead bankers are making the rounds this month to potential lenders. SunEdison’s yield company TerraForm Power is in New York, Boston, Los Angeles and San Francisco on a road show for an $800 million bond offering.
Jan 16, 2015 -
After a hectic, albeit happy, end to 2014, attendees at Infocast’s 7th Annual Projects & Money conference were optimistic for this year’s deal and development pipeline. Financiers are looking at backing more gas-fired projects as coal and nuclear retirements step-up.
Jan 09, 2015 -
Cape Wind offtakers National Grid and NStar have cancelled their power purchase agreements with the 468 MW project this week, leaving bankers and industry officials more uncertain than ever of the project’s future.
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