The Ontario auditor general’s annual report revealed key details of litigation on the Eglinton light rail project (LRT). It found inadequate risk transfer on the public-private partnership.
ArcLight-affiliate Limetree Bay Ventures has closed a US$1.25bn financing backing the restart of the Limetree Bay refinery in St Croix, US Virgin Islands.
Ontario has released its climate change plan, providing a blueprint on programmes designed to replace the cap-and-trade system introduced by the prior government.
Infrastructure Ontario has shortlisted five teams to build and finance the Lakeshore East-West Corridor rail expansion project.
LA Gateway Partners has reached financial close on a US$458m bond offering due 2046 and US$73m construction loan backing the consolidated rent-a-car (ConRAC) at the Los Angeles International Airport (LAX).
Tellurian’s trading unit has entered into a memorandum of understanding (MoU) with Switzerland’s Vitol to supply 1.5m tonnes per annum of liquefied natural gas (LNG) from the Driftwood LNG project in Louisiana.
The Bureau of Ocean Energy Management (BOEM) has issued the draft environmental impact statement (DEIS) on the Vineyard Wind offshore project in Massachusetts.
A unit of Apollo Global Management has launched a US$275m term loan due 2025 and a US$35m senior secured revolving credit facility due 2023 to partially finance its acquisition of a US$1bn portfolio of power asset interests from GE Capital’s Energy Financial Services unit.
Moody’s has downgraded Helix Gen Funding’s US$1.7bn Term Loan B to Ba3 from Ba2. The downgrade follows the decision of Helix’s sponsor LS Power Equity Partners III to sell three assets in Helix’s portfolio to affiliates.
Alaska Governor Bill Walker said he expects the Ambler Mining District Access road project to be done as a public-private partnership as he released previously frozen funds for the project.
First Reserve has launched a US$500m term loan backing the purchase of a 50% stake in Blue Racer Midstream from Dominion Energy.
Capital Dynamics’ Clean Energy Infrastructure (CEI) business has entered into an agreement with Tenaska to develop a portfolio of greenfield solar projects in the Midwestern United States.
The end of the year saw the corporate and utility market for renewables power purchase agreements (PPAs) remain strong. Agreements announced within the past few weeks include the following:
SunPower and Hannon Armstrong joint venture SunStrong Capital Holdings has issued US$400m in solar asset-based Green bonds to refinance a portfolio of projects.
Responses were due by December 6 to Jefferson Parkway Public Highway Authority (JPPHA)’s request for qualifications (RFQ) on the Jefferson Parkway public-private partnership.
Emera has agreed to sell the natural gas-fired Bridgeport Energy, Tiverton Power, and Rumford Power projects in New England to Carlyle Group for US$590m. The projects have a combined 1.1GW capacity.
Fengate Asset Management and Longroad Energy Partners have agreed to a co-development and financing partnership to develop and construct the 72.6MW Weaver wind project in Hancock County, Maine.
Yanai Elbaz, a former manager at the McGill University Health Centre (MUHC), has pled guilty to accepting a C$10m bribe in return for helping a consortium led by SNC-Lavalin win the contract to build a P3 hospital and research centre.
Indiana state legislators are seeking more control over the Indiana Toll Road (ITR) months after Governor Eric Holcomb negotiated a lease amendment with the private partner without their approval.
Moody’s has downgraded Talen Energy Supply’s senior unsecured rating to B3 from B2 following the close of its US$475m LMBE-MC Holdco 2 Term Loan B.
Competitive Power Ventures’s CPV Shore Holdings has launched a US$545m Term Loan B that will refinance existing debt and fund a distribution to the sponsor group, which also includes Toyota Tsusho, Osaka Gas and John Hancock Life Insurance.
New Hampshire’s Public-Private Partnership Infrastructure Oversight Commission has launched a call for public-private projects in the transportation sector.
The University of Kentucky has issued a request for proposals (RFP) for a laboratory it may procure under a public-private partnership after receiving an unsolicited proposal.
Puerto Rico Governor Ricardo Rossello said the Puerto Rico Public-Private Partnerships Authority has received qualifications of five private proponents interested in managing and operating the energy distribution and transmission system of the Puerto Rico Electric Power Authority (PREPA). The authority did not disclose the identity of the respondents. A shortlist is expected in the second week of January. Citigroup is advising on the project.
Canadian Solar’s Recurrent Energy subsidiary has signed a 25-year power purchase agreement (PPA) with California’s Stanford University for a 63MW solar project.
The Pennsylvania Department of Transportation (PennDOT) and Plenary Walsh Keystone Partners have pushed back the completion date on the Pennsylvania Rapid Bridge Replacement project for the second time based on weather-related delays, according to The Pittsburgh Post-Gazette.
Macquarie Infrastructure Corporation’s Atlantic Aviation fixed-base operations provider increased the pricing on its US$1.02bn Term Loan B ahead of close.
Airlines that use the Kansas City International Airport (KCIA) are hiring a second consultant to look at the US$1.9bn projected cost of the P3 terminal project as they remain unable to reach a funding agreement with other parties in the transaction.
The Pennsylvania Department of Transportation (PennDOT) P3 Office has issued a request for information (RFI) from private-sector companies interested in developing truck parking facilities to serve commercial freight transportation.
The Pennsylvania Department of Transportation (PennDOT) has issued a request for qualifications (RFQ) on a public-private partnership to deliver an environmental mitigation banking site backing transportation improvement projects in the state.