Dynegy Looks to Slash Debt after Years of Growth

Dynegy Looks to Slash Debt after Years of Growth

Apr 28, 2017

by Margarita Fournier; Copyright 2016 by Competitive Assets, LLC.  All rights reserved

On 4/25/17, S&P Global reported on the growth of Dynegy, after it had emerged from bankruptcy in 2012. “With a strengthened balance sheet and a generation fleet of about 10,000 MW, Dynegy Inc., has grown into one of the largest independent power producers in the U.S. through several big-ticket acquisitions that have substantially broadened the company’s scale, while tilting its portfolio mix to predominantly gas-fired generation.” Describing its portfolio and referring to the company’s vast transformation, the article notes the latest purchase – “the $3.3 billion acquisition of ENGIE’s predominantly gas-fired power portfolio, with about 9GW of assets in ERCOT, PJM, and ISONE” and the strategy for reducing debt. More on Dynegy’s transactions is also at UtilityDIVE.

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