The Zurich-based bank recently underwrote $135 million of senior secured investment grade bonds and joined with National Westminster Bank PLC in a $100 million, three-year revolving-credit facility. Deregulation has positioned the energy industry for continued consolidation, which has provided banks with a host of financing opportunities. "The revolver gives us the ability to take advantage of other opportunities as they surface, which includes acquisitions and enhancements to service," said Dale R. Schuster, a vice president at Calenergy.