Dynegy Serving Nearly 1 Million Retail Customers With Closing of Duke Energy Retail Acquisition
Dynegy Inc. has finalized its acquisition of Duke Energy’s commercial generation assets and retail business in the Midwest.
The Duke assets include a seven million megawatt-hour (MWh) retail portfolio and 11 generating stations, capable of generating 6.1 gigawatts of electricity into the PJM power market. The acquisition price was $2.8 billion in cash at closing.
Dynegy also recently completed its acquisition of EquiPower Resources Corp. and Brayton Point Holdings, LLC from Energy Capital Partners.
With these transactions, Dynegy now owns nearly 26,000 megawatts (MW) of generating capacity in eight states.
Dynegy now provides retail electricity to 830,000 residential customers and 23,000 commercial, industrial and municipal customers in Illinois, Ohio and Pennsylvania.