A state-level infrastructure bank is the first of its kind in the US. Success may lead to expansion or growth to a larger regional entity. By Alison Healey
Stakeholders from three levels of government met in mid-October to update plans for a multi-billion dollar transit hub at Toronto’s Pearson International Airport.
Dominion Energy Virginia has agreed to build multiple solar facilities in Virginia to power Facebook’s new data centre near Richmond. The facilities will be valued at roughly US$250m.
The CHUM super-hospital in Montreal has opened to patients, more than a year behind its original completion date of April 2016.
Brookfield Power New York Finance is planning a US$305m December bond offering to refinance a portfolio of 78 hydroelectric facilities.
Pattern Energy is said to have assembled a club of seven lenders to finance its 300MW Henvey Inlet wind project in Canada. The company is developing the project in partnership with Nigig Power, owned by Henvey Inlet First Nations.
MUFG has closed a US$136.9m project loan for Marco DM Holdings that will back Starwood Energy’s acquisition of two projects from Dynegy.
KeyBanc has closed a US$62.5m private placement for the US subsidiary of Australia’s New Energy Solar to back operating solar assets in Kern County, California.
The San Diego County Regional Airport Authority has selected Aviation Facilities Company as the preferred developer of a cargo facility.
Eversource has agreed to sell three large fossil generation facilities and two remote combustion turbines in New Hampshire to Granite Shore Power, a 50-50 partnership between Atlas Holdings of Greenwich, Connecticut, and Castleton Commodities International (CCI) of Stamford, Connecticut, for US$175m.
British Columbia has shortlisted three teams competing for the Abbotsford courts P3.
TransCanada has abandoned its Energy East pipeline and Eastern Mainline projects following years of regulatory delays.
Rideau Transit Group Partnership has closed a US$41.3m financing backing the Confederation Line projects in Ottawa.
Windsor Essex Mobility Group (WEMG) has closed a C$210m private placement to refinance debt on its Herb Gray Parkway, formerly known as the Windsor Essex Parkway.
The bankruptcy protection process of California’s gas-fired La Paloma Generating has made progress in recent weeks, with senior lender LNV, a subsidiary of Beal Bank, winning a contentious fight to make a US$150m bid for the project.
Canada’s Capital Power has filed a notice of intent with Oregon regulators to build a 350MW wind farm. The company is proposing the Nolin Hills project, a facility to be located on 44,900 acres of privately-owned land in Umatilla County.
The Federal Energy Regulatory Commission (FERC) has issued a declaratory order that is expected to simplify and expedite tax equity investments in renewable energy projects.
SunPower is collaborating with energy infrastructure asset management firm True Green Capital Management to establish a US$140m fund expected to finance approximately 50MW of SunPower solar energy systems.
The City of St Louis has issued a request for proposals (RFP) for a team of advisers to help seek out potential private bidders on a privatisation deal for the Lambert Airport. Advisers will only be compensated if a deal goes through.
FirstEnergy has issued a request for proposals (RFP) to purchase solar renewable energy credits (SRECs) and renewable energy credits (RECs) for its Ohio utilities. The company is seeking 9,200 SRECs and 320,000 RECs.
The City of Corpus Christi, Texas, has issued a request for information (RFI) for private sector ideas on a public-private partnership to optimise its waste-water operations.
Aerostar Airport Holdings’ Luis Munoz Marin Airport has gradually expanded commercial activity but Hurricane Maria’s medium-term effects on travel patterns remain unclear, Moody’s said.
A coalition of cities in Texas is reviewing Southwestern Electric Power Co’s (SWEPCO’s) investment in transmission lines connecting to Invenergy and GE’s 2GW Wind Catcher wind farm under development in Oklahoma.
Southern University and A&M College have launched a request for proposals (RFP) on the Baton Rouge Infrastructure Project, which will involve third-party operation of energy and other infrastructure systems.
Cheniere Energy Partners has achieved substantial completion of Train 4 of the Sabine Pass liquefaction project in Cameron Parish, Louisiana.
The Chicago Infrastructure Trust, in coordination with the City of Chicago and the city’s Department of Fleet and Facility Management (2FM), has issued a request for qualifications (RFQ) for the Joint Public Safety Training Academy (JPSTA) project.
NextEra’s Blythe solar project in California has signed a power purchase agreement (PPA) with the Modesto Irrigation District, which provides energy and water to farms and cities in the San Joaquin Valley.
Atlantic Power has closed its US$563m Term Loan B repricing, with final pricing in line with guidance at 350bp over Libor with a 1% Libor floor.
The Interior Health Authority of British Columbia has shortlisted three firms to design and build a C$417m patient care tower at Royal Inland Hospital.
Nemaska Lithium is evaluating project financing options for its Whabouchi mine and Phase 1 processing plant in Quebec.
Officials at New Jersey’s US$75bn state pension fund are working to finalise the acquisition of a US$125m stake in Stonepeak Infrastructure Partners, marking its first move into infrastructure project investment.
The City of Surrey, British Columbia, has issued a request for expressions of interest (RFEOIs) in a project to design, construct, finance and operate an outdoor spectator stadium at a location yet to be determined.
KPMG has been appointed by the city of Pickering, Ontario to study the possibility of building a new airport. The study will indicate whether there is a business case for an airport and is expected to be available next year.