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  • JP Morgan Securities has hired senior Morgan Stanley trader Bo Taylor in New York in a new position as head of its power trading desk, according to industry officials.
  • Arleen Spangler, analyst with Standard & Poor's, on the decreased credit rating of KGen's first lien loan refinancing.
  • UniSource Energy is looking to obtain some $500 million in loans in the wake of a failed takeover attempt by Kohlberg Kravis Roberts & Co., J.P. Morgan Partners and Wachovia Capital Partners.
  • Citigroup has let go two managing directors and six other staffers from its New York-based energy-focus commodities desk businesses as part of its plan to shift the focus of its operations to Houston, according to sister publication Derivatives Week.
  • London-based RAB Capital is planning to launch a fund to invest in pre-IPO power/energy companies as it winds down its $1.75 billion global macro fund's remaining assets.
  • Raleigh, N.C., developer Solargenix Energy is seeking project finance debt and equity to bankroll construction of what would be the largest solar plant in the country--a 55 MW solar thermal plant just outside of Las Vegas.
  • ABN AMRO has let go Bill Hale, managing director in Chicago, and also some other power project financiers in the Windy City, according to an industry official.
  • Tony Muoser, ex-managing director at Citigroup in New York, has joined the structured finance, energy and infrastructure team at HSH Nordbank, as a senior v.p. Muoser, who joined the bank earlier this week, departed from Citi six months ago in late September as a result of a reorganization within the bank (PFR, 11/5).
  • The Weekly Recap is a summary of publicly reported power news stories. The information has been obtained from sources believed to be reliable, but PFR does not guarantee its completeness or accuracy.
  • We Energies, the utility subsidiary of Milwaukee-based energy holding company Wisconsin Energy, plans to tap the project debt market to fund a $2 billion power plant project outside of Milwaukee.