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Wednesday, 18 October 2017

Governor of Kentucky Matt Bevin

Banks launch state P3 fund

PFI Issue 611 - October 18, 2017

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

Industry meets on Pearson hub

PFI Issue 611 - October 18, 2017

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 to power Facebook data with solar

PFI Issue 611 - October 18, 2017

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.

CHUM opens more than a year late

PFI Issue 611 - October 18, 2017

The CHUM super-hospital in Montreal has opened to patients, more than a year behind its original completion date of April 2016.

Brookfield plans hydro refi

PFI Issue 611 - October 18, 2017

Brookfield Power New York Finance is planning a US$305m December bond offering to refinance a portfolio of 78 hydroelectric facilities.

Pattern mandates Henvey Inlet wind lenders

PFI Issue 611 - October 18, 2017

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.

Starwood-backed entity finances Dynegy assets

PFI Issue 611 - October 18, 2017

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.

New Energy Solar closes private placement

PFI Issue 611 - October 18, 2017

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.

San Diego cargo deal headed for board approval

PFI Issue 611 - October 18, 2017

The San Diego County Regional Airport Authority has selected Aviation Facilities Company as the preferred developer of a cargo facility.

Eversource makes deals to sell New Hampshire assets

PFI Issue 611 - October 18, 2017

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.

Three shortlisted on BC courts

PFI Issue 611 - October 18, 2017

British Columbia has shortlisted three teams competing for the Abbotsford courts P3.

TransCanada drops Energy East

PFI Issue 611 - October 18, 2017

TransCanada has abandoned its Energy East pipeline and Eastern Mainline projects following years of regulatory delays.

Rideau closes new Confederation Line finance

PFI Issue 611 - October 18, 2017

Rideau Transit Group Partnership has closed a US$41.3m financing backing the Confederation Line projects in Ottawa.

Windsor Essex refi bond closed

PFI Issue 611 - October 18, 2017

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.

La Paloma bankruptcy nearer resolution

PFI Issue 611 - October 18, 2017

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.

Capital Power plans 350MW Oregon wind

PFI Issue 611 - October 18, 2017

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.

FERC eases tax equity regulations

PFI Issue 611 - October 18, 2017

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 and True Green Capital collaborate on fund

PFI Issue 611 - October 18, 2017

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.

Lambert Airport out for advisers

PFI Issue 611 - October 18, 2017

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 out with renewables RFP

PFI Issue 611 - October 18, 2017

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.

Corpus Christi issues RFI on waste-water

PFI Issue 611 - October 18, 2017

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.

Airport review causes concerns

PFI Issue 611 - October 18, 2017

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.

Wind Catcher transmission plan scrutinised

PFI Issue 611 - October 18, 2017

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 launches energy P3

PFI Issue 611 - October 18, 2017

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 commissions Sabine Pass Train 4

PFI Issue 611 - October 18, 2017

Cheniere Energy Partners has achieved substantial completion of Train 4 of the Sabine Pass liquefaction project in Cameron Parish, Louisiana.

RFQ out for Chicago training facility

PFI Issue 611 - October 18, 2017

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.

Blythe solar enters 20-year PPA

PFI Issue 611 - October 18, 2017

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 lowers TLB pricing

PFI Issue 611 - October 18, 2017

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.

Three shortlisted on BC hospital

PFI Issue 611 - October 18, 2017

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.

Lithium mine out for financing

PFI Issue 611 - October 18, 2017

Nemaska Lithium is evaluating project financing options for its Whabouchi mine and Phase 1 processing plant in Quebec.

NJ pension fund invests in Stonepeak

PFI Issue 611 - October 18, 2017

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.

BC city seeks interest in stadium

PFI Issue 611 - October 18, 2017

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 to study Pickering Airport

PFI Issue 611 - October 18, 2017

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.