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  • Weekly Recap
  • A group of 16-strong lenders are lining up to finance El Paso's expansion of its Cheyenne Plains pipeline.
  • Beleaguered power player Allegheny Energy is looking to take down $300 million of 11 7/8% convertibles due 2008 in a tender offer that pays holders in stock and cash.
  • Landesbank Baden-Württemberg is looking to participate more actively in North American project finance deals in power, oil and gas and infrastructure.
  • John Broyles, a gas trader with Constellation Energy, has joined the UBS gas trading desk in New York as an executive director and natural gas trader. Broyles was with Constellation in Baltimore for about a year and was previously a trader for hedge fund giant Citadel Investment Group, says a recruiter familiar with the matter.
  • Dan Keuter, v.p. nuclear business development at Entergy Nuclear, is pitching hard for fresh nuclear construction in the U.S. given the nation's dependence on foreign oil and natural gas.
  • Surging commodity prices and uncertainty about Capitol Hill energy policy is creating a foggy picture for U.S. generation, but even so, many players still see a much improved sector from the last few years.
  • The private equity group that acquired Texas Genco from CenterPoint Energy plans to take the IPP public.
  • KeySpan has tapped the bond market for $307 million to pay down a slug of debt up for refinancing in three years. The new five-year paper carries a 5.8% coupon and was priced at 95 basis points over Treasuries.
  • Duke Energy has completed an $823 million common stock repurchase, a move that will soften earnings dilution from the company's sale of its stake in pipeline company Teppco Partners and the proposed restructuring of an energy field services venture with ConocoPhillips.