Dynegy

The Trump administration’s attempt to prop up uneconomic “fuel secure” generators in competitive markets is just the latest in a string of recent “extra-market” interventions that experts said imperil independent organized markets for electricity. In a recent white paper, Raymond Gifford and Matthew Larson, energy partners at Wilkinson Barker Knauer LLP, said the restructured administrative […]

The U.S. Department of Justice (DOJ) and the Federal Energy Regulatory Commission (FERC) on May 29 told the U.S. 7th Circuit Court of Appeals that Illinois’ nuclear subsidy program does not preempt federal statute, siding with the state and Exelon Corp. in a contentious legal fight that has divided the power sector. The case, now […]

Merchant markets for independent power producers in the U.S. are unfavorable, and many companies in the sector have slumping profits—even big losses—as they ponder where to go in the months and years

A bitter dispute concerning subsidies for nuclear generation that has divided the power sector grew more intense over the past week as Connecticut, Ohio, and Pennsylvania advanced efforts to keep nuclear plants operating. At the same time, legal challenges to existing measures in Illinois and New York continued in two federal courts. In Connecticut, Gov. […]

To strengthen balance sheets and thwart market woes afflicting generators in competitive markets, Dynegy Inc. and Vistra Energy will merge, creating a company that is projected to have a value greater than $20 billion. Dynegy, which operates a power plant fleet of 27 GW, will merge into Vistra Energy, the parent company of TXU Energy […]

Three 55-MW oil-fired units at Dynegy’s Oakland plant in renewables-heavy California will be needed through 2018 to ensure reliability in a region served by the California Independent System Operator (CAISO), the grid entity has deemed. CAISO’s board of governors on September 19 extended a “reliability must-run” (RMR) contract for the three Oakland units. An RMR […]

A federal judge has let stand Illinois’ zero-emission credit (ZEC) program, dismissing challenges filed by power producers who said the initiative subsidizes nuclear power at the expense of other resources. Judge Manish S. Shah of the U.S. District Court for the Northern District of Illinois on July 14 ruled in favor of motions by the […]

Dynegy this week announced it will sell three more power plants to reduce debt as it works to satisfy an agreement with the Federal Energy Regulatory Commission (FERC) reached after the company’s $3.3 billion purchase of French energy giant Engie’s U.S.-based assets earlier this year. Houston, Texas-based Dynegy said it has agreed to sell its […]

The flood of cheap Marcellus Shale gas driving massive construction of new natural gas power generation capacity could wreak havoc in the PJM power market, Moody’s Investors Service suggests in a new report. Two of the nation’s largest power markets, Texas and California, already pose a “distressed environment” for unregulated power companies owing to declining […]

As Dynegy moved this week to assume full ownership of two struggling Ohio coal plants it co-owns with AES Corp. subsidiary DPL Inc., the company’s CEO reportedly said it is mulling withdrawing its presence from downstate Illinois owing to the state’s intervention to keep its nuclear plants running. Dynegy CEO Robert Flexon told Crain’s Chicago Business […]

PJM Interconnection’s independent market monitor is joining the pushback—spearheaded by a trade group and several generators that operate in competitive wholesale markets—against an Illinois law that props up financially distressed nuclear plants with subsidies. Monitoring Analytics on March 16 filed a motion with the U.S. District Court for the Northern District of Illinois to intervene […]

Several U.S. states have passed, or are mulling, programs that expand state aid to financially distressed nuclear reactors in a bid to keep them open for economic and environmental reasons. Generators that operate in competitive wholesale markets are perturbed by these measures, which they say amount to nuclear “bailouts.” —Sonal Patel, associate editor (@POWERmagazine, @sonalcpatel) […]

February 02, 2017 02:57 PM Eastern Standard Time HOUSTON–(BUSINESS WIRE)–The Federal Energy Regulatory Commission (FERC) issued an order today clearing the path for Dynegy Inc. (NYSE: DYN) to complete its acquisition of ENGIE’s United States portfolio—9,017 megawatts of generation capacity located in the ERCOT, PJM, and ISO-New England electricity markets. “This marks another major milestone […]

An incident at J.M. Stuart Station—a 2,318-MW coal and diesel generating facility operated by Dayton Power and Light Co. (DP&L)—resulted in six people being treated for non-life-threatening injuries. Several media outlets referred to the event as an explosion, citing nearby residents’ accounts of the incident. At least a few people said they heard and felt […]

The Sandy Creek coal-fired power plant—a 900-MW facility in Riesel, Texas—won a major victory in court on August 19 when a McLennan County jury agreed that the plant was appraised at a much higher value than justified by market conditions. The appraisal district had suggested the plant be valued at $900 million in 2014 and […]

Avista Uses GE’s Advanced Gas Path and DLN 2.6+ Combustion Technology to Help Coyote Springs Unit 2 Meet Changing Seasonal Energy Demands GE Upgrade Helps to Increase Combined-Cycle Plant’s Capacity, Fuel Efficiency and Flexibility BADEN, SWITZERLAND—July 21, 2016—GE’s Power Services (NYSE: GE) business today announced the completion of a gas turbine upgrade project in Oregon […]

Dynegy Inc. announced on May 3 that it plans to shut down multiple Illinois coal-fueled units due mainly to the failure of the plants to recover basic operating costs in recent Midcontinent Independent System Operator (MISO) capacity auctions. According to the company, the generation that will be lost is 2,800 MW—about 30% of the total […]

Dynegy Inc. and Energy Capital Partners (ECP), through a newly formed joint venture, have agreed to acquire ENGIE’s U.S. fossil-fueled power generation portfolio, consisting of 8,731 MW of capacity located in the ERCOT, PJM, and ISO–New England transmission regions. The $3.3 billion deal was announced on February 25, with an expected closing date in the […]

The month-old agreements that seemed to provide a lifeline for an array of coal-fired and nuclear power plants in Ohio owned by American Electric Power (AEP) and FirstEnergy have come under attack by other generators who say they can meet the demand at a lower cost to state taxpayers. AEP reached an eight-year power-purchase agreement (PPA) […]

American Electric Power (AEP), through its subsidiary AEP Ohio, announced on Dec. 14 that it had filed a stipulated agreement with the Public Utilities Commission of Ohio (PUCO) in support of the company’s expanded power purchase agreement. Details of the Agreement The stipulated agreement, which the company expects the PUCO to rule on in early […]

Duke Energy, the largest electric utility in the U.S. in terms of market value, is transitioning its generating fleet away from volatile and sometimes unprofitable wholesale markets and toward the traditional, regulated, cost-of-service model that prevails in much of the Carolinas and Florida service territories where Duke dominates. Late last March, the Federal Energy Regulatory […]

If there was one thing that the panelists at Wednesday’s Executive Roundtable at the ELECTRIC POWER 2015 Convention and Exhibition in Rosemont, Ill., agreed on, it was that change—spurred by new regulations, cheap gas, and the spread of distributed generation—is coming to the power sector. Beyond that, the executives of five highly influential power companies—Dynegy, […]