FERC investigating MISO auction over market manipulation allegations A jump in prices sparked concerns — and launched a probe — into major Texas-based utility Dynegy’s actions in the April MISO’s capacity auction. Consumer watchdog Public Citizen alleged that the generation company withheld several power plants from the auction or bid them at non-competitive prices. Illinois … Continue reading FERC investigating MISO auction over #market_manipulation allegations →
Houston companies do well in northeast electricity auction Houston electric companies made money this week at the first auction to supply back-up capacity for states along the eastern seaboard and Great Lakes. NRG, Dynegy and Calpine – all based in Houston – were all winners at selling capacity at Monday’s auction, according to analysts at … Continue reading Houston companies do well in northeast #electricity_auction #NRG, #DYN, #CPN →
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 … Continue reading #Dynegy Completes #Duke Midwest Acquisition; Transformational Growth for Company →
Dynegy wins federal OK to buy Duke, Energy Capital power plants Dynegy (DYN +5.4%) opens higher after announcing late Friday that it won approval from the FERC to buy power plants in Illinois, Ohio and Pennsylvania from Duke Energy (DUK +0.5%) and Energy Capital Partners for $6.25B. Read full article at Seeking Alpha
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