sections

Monday, 18 June 2018

Detroit to Windsor

WDBA looks at Gordie Howe bids

PFI Issue 627 - June 13, 2018

Windsor-Detroit Bridge Authority (WDBA) is examining the three Gordie Howe bids. Bidders are facing pressure to reduce costs. By Alison Healey

Ford Ontario victory could change infra

PFI Issue 627 - June 13, 2018

Progressive Conservative (PC) party leader Doug Ford has won the Ontario election and will lead a majority government as Ontario’s next premier.

People Mover financing finalised

PFI Issue 627 - June 13, 2018

LAX Integrated Express Solutions (LINXS) has reached financial close on the 30-year design-build-finance-operate-maintain (DBFOM) Automated People Mover (APM) project at Los Angeles International Airport.

Details emerge on Plenary courts financing

PFI Issue 627 - June 13, 2018

The Plenary PCL Justice consortium has financed the C$150m (US$116m) Abbotsford law courts project with a long-term senior bond that will mature in March 2050.

New MACH Gen files pre-packaged bankruptcy

PFI Issue 627 - June 13, 2018

Talen Energy’s New MACH Gen and certain subsidiaries have entered into a restructuring support agreement with its first lien lenders and its equity owner that will be implemented through a pre-packaged bankruptcy.

Poland’s PGNiG in talks on US LNG

PFI Issue 627 - June 13, 2018

Poland’s state-owned gas company PGNiG is in talks to acquire an equity stake in one or more US LNG export projects, Platts reported, citing remarks from Piotr Naimski, the Polish government’s energy infrastructure adviser.

Private placement funds Kansas corrections P3

PFI Issue 627 - June 13, 2018

JP Morgan has closed a US$159.5m private placement to fund CoreCivic’s construction of a new 2,432-bed correctional facility in Lansing, Kansas.

Plenary joins Dumbarton corridor planning

PFI Issue 627 - June 13, 2018

San Mateo County Transit District has approved a negotiating agreement with Facebook and Plenary Group for improvements on the Dumbarton corridor, a connection point between Facebook’s headquarters in Menlo Park and cities on the eastern edge of the Bay.

Transurban closes A25 acquisition

PFI Issue 627 - June 13, 2018

Transurban has reached financial close on the acquisition of the A25 toll road asset and concession in Montreal.

Petronas takes 25% stake in LNG Canada

PFI Issue 627 - June 13, 2018

Petroliam Nasional (Petronas) is taking a 25% stake in the US$31bn LNG Canada project in Kitimat, British Columbia.

Panda attempts to revive ERCOT suit

PFI Issue 627 - June 13, 2018

Panda Power Funds has asked for an en banc review of a Texas appellate court’s ruling that granted immunity to the Electric Reliability Council of Texas (ERCOT) in a suit filed by the company in 2016.

Rocky Mountain to power Facebook

PFI Issue 627 - June 13, 2018

Facebook’s newly-announced data centre in Eagle Mountain, Utah will be powered by 100% net-new renewable energy acquired through Rocky Mountain Power’s available renewable energy tariff.

Magellan Wind partners with CIP for floating offshore

PFI Issue 627 - June 13, 2018

Magellan Wind and Copenhagen Infrastructure Partners (CIP) have teamed up to develop an early-stage portfolio of floating offshore wind projects offshore California and other areas of the US.

Miami-Dade courts project restarted

PFI Issue 627 - June 13, 2018

Miami-Dade County Commissioners have approved a motion to restart the bidding on the civil courthouse public-private partnership in downtown Miami.

IFM and BCI acquire stakes in GCT Global

PFI Issue 627 - June 13, 2018

IFM Investors and British Columbia Investment Management (BCI) have agreed to acquire stakes as equity partners in GCT Global Container Terminals (GCT) in Vancouver.

FuelCell Energy in talks on PF

PFI Issue 627 - June 13, 2018

FuelCell Energy CFO Mike Bishop said on the company’s quarterly earnings conference call it is in active discussions on financing for a portfolio of 62MW of generation projects in its backlog.

sPower signs community solar

PFI Issue 627 - June 13, 2018

Renewables developer sPower has signed a 22-year, 100MW solar power purchase agreement (PPA) with CleanPowerSF, a California community choice aggregator (CCA).

Terra-Gen TLB downgraded

PFI Issue 627 - June 13, 2018

Moody’s has downgraded a Term Loan B financing backing Terra-Gen Finance Company’s 653MW portfolio of operating wind, solar and geothermal assets.

Appalachian’s Invenergy project deal rejected

PFI Issue 627 - June 13, 2018

West Virginia’s Public Service Commission (PSC) has rejected Appalachian Power’s plan to acquire two wind projects being developed in West Virginia and Ohio by Invenergy.

Washington's Avista out with solar RFP

PFI Issue 627 - June 13, 2018

Washington-based utility Avista has issued a request for proposals (RFP) for up to 50MW of renewable energy.

Champlain opening date questioned in report

PFI Issue 627 - June 13, 2018

Federal auditor general Michael Ferguson said it is “uncertain” if the Champlain Bridge will open on time in December despite government and private sector assurances.

IO advises on Windsor-Essex hospital

PFI Issue 627 - June 13, 2018

Infrastructure Ontario has been appointed to advise on a C$2bn (US$1.54bn) mega-hospital for the Windsor-Essex region, according to CTV News Windsor.

Pembina works towards petchem FID

PFI Issue 627 - June 13, 2018

Pembina Pipeline told investors it expects an early 2019 final investment decision on its propylene and polypropylene facility in Sturgeon County, Alberta. The company is developing the project with Petrochemical Industries Company (PIC) of Kuwait.

Invenergy preps Thermal Operating unit refi

PFI Issue 627 - June 13, 2018

Invenergy has set a bank for meeting for June 13 on a US$350m first-lien term loan. The seven-year loan at the company’s Invenergy Thermal Operating I unit will refinance existing debt.

FTA finalises private investment initiative

PFI Issue 627 - June 13, 2018

The US Department of Transportation (USDOT)’s Federal Transit Administration (FTA) has issued the private investment project procedures (PIPP) final rules, a series of procedures designed to encourage increased private investment in transport projects.

TransAlta yieldco buys wind and solar

PFI Issue 627 - June 13, 2018

The TransAlta Renewables yieldco has acquired an economic interest in the 50MW Lakeswind wind farm in Minnesota and 21MW of solar projects in Massachusetts from TransAlta Corporation. The yieldco also acquired full ownership of the 20MW Kent Breeze wind farm in Ontario.

LNG Ltd raises Magnolia offtake funding

PFI Issue 627 - June 13, 2018

LNG Ltd is raising US$22m through a private placement of shares, proceeds of which will be used for LNG offtake marketing efforts and focused primarily on Magnolia LNG in Louisiana. The shares will be sold at US$0.50 each to IDG Energy Investment Group of Hong Kong.

Delaware holds offshore wind talks

PFI Issue 627 - June 13, 2018

Delaware’s offshore wind working group has been holding meetings seeking public input as it works to deliver a report to governor John Carney.

Longroad closes Rio Bravo wind

PFI Issue 627 - June 13, 2018

Longroad Energy has closed the financing on the US$300m Rio Bravo wind project in Starr County, Texas.

Louisiana gets six responses on Belle Chasse

PFI Issue 627 - June 13, 2018

The Louisiana Department of Transportation & Development (DOTD) has received six responses to a request for qualifications (RFQ) on the Belle Chasse Bridge and Tunnel replacement project.

NJ wind bill becomes law

PFI Issue 627 - June 13, 2018

New Jersey governor Phil Murphy has signed offshore wind-enabling legislation into law. The bill requires the New Jersey Board of Public Utilities (BPU) to approve an amended application for a 24MW offshore project near Atlantic City from Fishermen’s Energy.

Fitch notes unique risks in corporate PPAs

PFI Issue 627 - June 13, 2018

The increased use of corporate power purchase agreements (PPAs) by developers is introducing several new risk factors, according to a report from Fitch.

MidAmerican to reach target with Wind XII

PFI Issue 627 - June 13, 2018

MidAmerican Energy has proposed the US$922m Wind XII wind farm to Iowa regulators, a project that would bring the company to its goal of 100% renewable power earlier than expected.

Wind Catcher wins new support, PPA

PFI Issue 627 - June 13, 2018

American Electric Power (AEP)’s US$4.5bn Wind Catcher project in Oklahoma has won the support of the Oklahoma Municipal Power Authority, Tri-County Electric Cooperative, Gridliance Holdco subsidiary South Central and Oneta Power as it attempts to win regulatory approval.

Deepwater provides details on Revolution wind

PFI Issue 627 - June 13, 2018

Officials from Deepwater Wind briefed Rhode Island residents on details of the Revolution offshore wind farm, selected for a contract with the state last week.

Purple Line opening delayed

PFI Issue 627 - June 13, 2018

Maryland Department of Transportation (MDOT) and Purple Line Transit Partners are expected to implement a new revenue service date on the Purple Line light rail project.