Commodities
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Trafigura Group announced on April 9 that it will launch its first carbon trading desk, led by Hannah Hauman, further expanding the scope of its trading activities.
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In the world of project finance, power purchase agreements are usually considered from the point of view of the project owner or lender. But in the last few years, more attention has started to be paid to the other end of the contract.
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Portland General Electric has retained legal and other advisers as it reviews power trading after realizing $104 million in losses on “ill conceived” positions its power traders entered into this year.
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Citi has signed a deal with an end customer to cover a portion of the output of a Texas wind project that was financed on the basis of a hedge provided by the bank last year.
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After hedge providers got burned earlier this year on deals for new-build gas-fired projects in PJM Interconnection, they are quoting revenue puts at pricing that no longer makes as much sense for CCGT developers, forcing them toward alternatives.
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"I am back in Houston,” reads a Jeffrey K. Skilling LinkedIn profile apparently created in September of last year, shortly after the former Enron executive was transferred from a minimum security federal prison camp in Alabama to a halfway house under the supervision of RMM Houston, a residential reentry management field office of the Federal Bureau of Prisons.
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A Houston-based pair of upstream and midstream energy specialists have left GE Energy Financial Services.
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As Dominion Energy prepares to close financing for its Cove Point terminal later this month, deal watchers are tracking another LNG export terminal, which they say could be the next such facility to reach final investment decision.
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Two banks are leading the 20-strong lender group that is providing a three-year loan to finance Dominion Energy’s Cove Point LNG export terminal on the shore of the Chesapeake Bay in Maryland.
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Home games of the Philadelphia Flyers and 76ers will be 100% wind powered under a contract signed recently by Comcast Spectacor, the owner of their home arena, the Wells Fargo Center.
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Citi has hired a senior banker from a rival firm to lead its North American commodities-linked financing business, with a focus on energy.
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Data center operator QTS Realty Trust has inked a “sleeved” power purchase agreement with Citi for the output of a wind project in Texas, a type of deal that is set to become more common as non-utility offtakers seek to avoid taking project risks.
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Spark Energy and its chairman have acquired a New York-based retail energy marketer with operations in several states located throughout the Northeastern and Midwestern U.S.
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Diamond Generating Corp. has agreed to purchase Boston Energy Trading and Marketing from NRG Energy in a $70 million deal.
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Cheniere Energy Partners LP Holdings priced a $1.5 billion high yield bond on Sept. 12 to partially refinance term loans the company signed in February 2016.
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Morgan Stanley is marketing a portfolio of wind assets in Montana and Alberta, a person familiar with the process has confirmed.
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A banker who joined Morgan Stanley two years ago to build up the energy and power finance offering within its commodities group has left the bank to take up a new role at Whitehall & Co.
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EDF EN Canada’s investment in a 23 MW (DC) solar project in Ontario has begun to pay a tasty dividend, in the form of honey.
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PFR is pleased to announce the finalists for its 14th Annual Deal of the Year awards. Here is the short list for Americas LNG Project Finance Deal of the Year.
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The #PowerTweets feature tracks trends in power project finance and M&A in the Americas on Twitter.
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