US Dynergy to aquire 12,500 MW of US generation assets

摘要

US merchant generator Dynegy will nearly double the amount of capacity it owns under two separate deals that will see it acquire power plants from Illinois to Massachusetts. The company announced August 22 that it has struck agreements to buy about 6,400 MW of generation assets from Energy Capital Partners for $3.45 billion and about 6,100 MW in generation assets from Duke Energy for $2.8 billion. Dynegy’s Duke deal also includes Duke’s competitive retailing business in Ohio. “Upon closing both transactions, Dynegy will own nearly 26,000 MW of generating capacity nationally and provide retail electricity to residents and businesses in Illinois, Ohio, Pennsylvania and Michigan,” it said in a statement. Dynegy President and CEO Robert Flexon said the addition of the Energy Capital Partners and Duke portfolios “transforms Dynegy by adding considerable scale in the PJM and New England markets.” Dynegy said that of 12,500 MW being acquired, “5,053 MW are modern combined-cycle natural gas plants and 3,793 MW are environmentally compliant coal generation plants.”