Dynegy and AEP Complete Ohio Transactions
May 09 2017 - 4:30PM
Business Wire
Dynegy Inc. (NYSE: DYN) today finalized the sale of its 40%
ownership interest (312 MW) in Conesville Power Station to AEP and
acquired AEP’s 25.4% ownership interest (330 MW) in Zimmer Power
Station. No cash was exchanged, no additional debt incurred and AEP
returned $58 million in letters of credit previously posted
by Dynegy to AEP.
As a result, Dynegy owns 71.9% (971 MW) and operates Zimmer.
Dynegy no longer has ownership interest in the AEP-operated
Conesville.
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 31,000 megawatts of
electricity—or enough energy to power about 25 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: David Onufer, 713.767.5800orAnalysts:
713.507.6466
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