Dynegy Completes Duke Midwest Acquisition; Transformational Growth for Company
HOUSTON–(BUSINESS WIRE)–Dynegy Inc. (NYSE:DYN), through its wholly owned subsidiary, has finalized its acquisition of Duke Energy’s commercial generation assets and retail business in the Midwest. The Duke assets include a seven million megawatt-hour (MWhr) retail portfolio and 11 generating stations, capable of generating 6.1 gigawatts of electricity into the PJM power market. The acquisition price was $2.8 billion in cash at closing.
The Company completed its acquisition of EquiPower Resources Corp. and Brayton Point Holdings, LLC from Energy Capital Partners yesterday. With these transactions, Dynegy now owns nearly 26,000 megawatts (MW) of generating capacity in eight states—enough to supply nearly 21 million homes. The Company also provides retail electricity to 830,000 residential customers and 23,000 commercial, industrial and municipal customers in Illinois, Ohio and Pennsylvania.
