Dynegy has signed two separate definitive sets of agreements to acquire the ownership interests in certain Midwest coal- and gas-fired generation assets from Duke Energy and Energy Capital Partners (ECP) totalling 12.5 GW in the United States. Of the 12,500 MW being acquired, 5,053 MW are modern CCGT natural gas plants and 3,793 MW are environmentally compliant coal generation plants. The Duke portfolio includes its retail business and ownership interests in the following plants: Killen, Stuart, Conesville, Miami Fort, Zimmer, Hanging Rock, Washington, Fayette, Lee and Dicks Creek. The ECP assets include these generating facilities: Milford, Lake Road, Dighton, Masspower, Liberty, Elwood, Richland, Stryker, Kincaid and Brayton Point. The purchase price is US$2.8bn for Duke assets and US$3.45bn for ECP assets.
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. Dynegy's power generation portfolio consists of approximately 6,078 MW of primarily natural gas-fired intermediate and peaking power generation facilities; 2,980 MW of coal-fired base-load power plants operated by Dynegy Midwest Generation and 4,062 MW of coal-fired baseload power plants operated by Illinois Power Holdings.
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