HOUSTON--(BUSINESS WIRE)--Jul. 11, 2017--
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.
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170711006622/en/
Source: Dynegy Inc.
Julius Cox, 713-767-5800