Infrastructure officials are preparing a series of initiatives to make Canadian P3s more appealing and fuel competition. The moves come up against a dismal recent track record on project delivery.
The sponsors of the Cameron LNG export project in Louisiana are planning a US$2bn bond offering that will repay borrowings from the project’s uncovered credit facility and fund termination payments for related interest rate swaps.
ICBC is locked in a battle to recover US$1.25bn in insurance proceeds on Philadelphia Energy Solutions’ (PES’s) refinery.
PTT Global Chemical (PTTGC) of Thailand and partner Daelim Industrial of South Korea held bank meetings in Singapore last month. It was the initial market sounding for its petchem financing.
French cabling company Nexans has signed a framework agreement with Eversource and Orsted for North American offshore wind development.
KMC Thermo has landed a US$65.5m loan refinancing the debt backing the 230MW Brandywine cogeneration project in Maryland.
Innergex Renewable Energy has entered a long-term power purchase agreement (PPA) with an undisclosed investment-grade corporation for the entire output of its 200MW Hillcrest solar photovoltaic project in Brown County, Ohio.
NTE Mobility Partners is planning to issue US$1.2bn in senior lien revenue refunding bonds to pay down private activity bonds (PABs) and a Transportation Infrastructure Finance and Innovation Act (TIFIA) loan used to pay for construction of Segment 3A of the North Tarrant Express (NTE) managed lanes project in Texas.
Alabama Department of Corrections (ADOC) has shortlisted four teams on a public-private partnership to build three prisons.
Prince George’s County in Maryland has shortlisted four proponents to design, build, finance, and maintain a portfolio of six new public schools.
A South Korean-based consortium of infrastructure investors has mandated CIBC, ING, and Societe Generale to provide financing backing its acquisition of a 50% stake in the Utopia pipeline from Riverstone.
Facebook has entered a power purchase agreement (PPA) for 61.6MW of Apex Clean Energy’s Altavista solar project in Campbell County, Virginia.
New Jersey governor Phil Murphy has signed an executive order backing a goal of 7.5GW of offshore wind by 2035, more than doubling the state’s target of 3.5GW by 2030.
Moody’s expects the US offshore wind market to expand to about 21GW by 2035 from the current 30MW, the ratings agency said in a new report.
New York governor Andrew Cuomo has reached an agreement with National Grid to immediately lift the moratorium on gas service in Long Island, Queens and Brooklyn.
Honolulu Authority for Rapid Transportation (HART) has shortlisted three undisclosed bidders on its US$1.4bn rail line and expects to receive final bids by the end of January.
Stonepeak Infrastructure Partners is looking to land a US$550m credit facility backing a 1.6GW portfolio of gas-fired projects in New England.
Carlyle Group has launched a refinancing for the 594MW Rhode Island State Energy Center (RISEC) combined-cycle project in Johnston.
Commonwealth LNG has entered an LNG marketing and gas supply agreement with commodities trading group Gunvor.
University of Iowa (UI)’s Board of Regents has called a special meeting for December 10 to consider a proposed public-private partnership for the operation of its utility system.
Duke Energy Florida has closed on its first green bond issue, a US$700m offering due 2029 priced at 2.5%.
Dominion Energy Gas Holdings has priced a US$1.5bn bond offering to fund the newly formed unit that will hold Dominion Energy’s Cove Point LNG export terminal in Maryland along with a portfolio of gas pipelines.
Black Hills Energy, the Colorado Electric utility subsidiary of Black Hills Corp, is seeking approval from state regulators to issue a renewables request for proposals (RFP).
Ascension Parish, Louisiana is considering a public-private partnership for a US$215m regional sewer system.
Vineyard Wind, a joint venture of Avangrid and Copenhagen Infrastructure Partners, has agreed to provide a US$50,000 grant to the New Bedford Port Authority in Massachusetts to develop publicly owned port facilities for the shore-based operations of the offshore wind industry.
Pennsylvania Turnpike Commission (PTC) and New Jersey Turnpike Authority (NJTA) have issued a request for information (RFI) seeking an adviser on a public-private partnership to upgrade the jointly owned Delaware River Bridge.
AEP Energy Partners (AEPEP), a subsidiary of American Electric Power, is seeking offtake proposals for new solar and new or repowered wind facilities in PJM Interconnection.
Tennessee Valley Authority (TVA) has entered a 20-year power purchase agreement (PPA) with NextEra Energy’s Elora Solar for up to 150MW of power.
Basin Electric Power Cooperative has signed a power purchase agreement (PPA) for an Enel wind farm and plans to issue a request for proposals (RFP) for wind and solar.
Planning officials in Montgomery and Prince George’s counties in Maryland have refused to sign off on a study that would narrow alternative routes on governor Larry Hogan’s plan to use public-private partnerships to widen the Capital Beltway and Interstate 270, according to The Washington Post.