BREAKING: Dynegy to buy 12,500 MW for $6.25B

http://www.utilitydive.com/news/breaking-dynegy-to-buy-12500-mw-for-625b/300903/

• Dynegy announced on Friday that the company agreed to purchase 12,500 megawatts of coal and gas-fired generation. 
• The company agreed to pay $2.8 billion for Duke Energy's retail electricity business in Ohio, Pennsylvania and Michigan and the utility's stake in 10 Midwest power plants totaling 6,100 MW in the PJM Interconnection's footprint. 
• Dynegy also agreed to pay $3.45 billion to Energy Capital Partners for its 6,300 MW of merchant generation assets in New England and PJM Interconnection, including EquiPower Resources and Brayton Point Holdings. 
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• The deals will increase Dynegy's capacity in New England, whose wholesale electricity market faces reliability questions, seven times over and increase the company's presence in PJM, which is currently considering capacity market rule changes to bolster reliability, by four.
  "The addition of these portfolios transforms Dynegy by adding considerable scale in the PJM (Pennsylvania, New Jersey, Maryland) and New England markets," Dynegy CEO Robert Flexon said, as reported by Reuters.
  

  Recommended Reading:

  Dynegy Press Room: Dynegy to Acquire Assets from Duke Energy and Energy Capital Partners
  Reuters: UPDATE 1-Dynegy to buy $6.25 bln of assets from Duke Energy and Energy Capital