Dynegy Completes Sale of PJM Peaking Units to LS Power
12 July 2017 - 7:11AM
Business Wire
Dynegy Inc. (NYSE: DYN) today finalized the sale of the
Armstrong and Troy Energy Facilities, located in Pennsylvania and
Ohio respectively.
LS Power purchased the two PJM dual-fueled peaking units for
$480 million in cash. As announced in late February, proceeds from
the transaction will be used for debt reduction.
About Dynegy
At Dynegy, we generate more than just power for our
customers. We are committed to being a leader in the electricity
sector. Throughout the Northeast, Mid-Atlantic, Midwest and Texas,
Dynegy operates power generating facilities capable of
producing more than 28,000 megawatts of electricity—or enough
energy to power nearly 22 million American homes. We’re proud of
what we do, but it’s about much more than just output. We’re always
striving to generate power safely and responsibly for our wholesale
and retail electricity customers who depend on that energy to grow
and thrive.
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Dynegy Inc.Media:Julius Cox,
713-767-5800orAnalysts:713-507-6466
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