...InterGen Plants Dragged Down

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...InterGen Plants Dragged Down

ANP Funding's weak numbers affected InterGen's Cottonwood Energy Project and Exelon Boston.

ANP Funding's weak numbers affected InterGen's Cottonwood Energy Project and Exelon Boston. Small pieces of Cottonwood traded at 81 from 83 last week. Exelon was quoted a point down at 112-113 1/2, according to a trader.

InterGen's Magnolia also traded at 61 1/2 sold by Mizuho Bank to Citigroup compared to a price of 63 last week. The InterGen project debt has been trading actively as the plants are being transferred to the lenders (LMW, 5/2).

Deutsche Bank recently picked up $50 million of InterGen's Redbud Project sold by Mizuho and Royal Bank of Canada. InterGen is a joint-venture of Rotyal Dutch/Shell Group and Bechtel Enterprises.

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