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Dynegy Completes Acquisition Of ENGIE’S U.S. Portfolio

February 08,2017



Dynegy Inc. has completed its acquisition of ENGIE’s United States portfolio for a total purchase price of $3.3 billion.

The portfolio consists of 9,017 megawatts (MW) of generation capacity, more than 90% of which is gas-fueled.

The plants are located in the Texas ERCOT, PJM and ISO-New England markets

Dynegy now owns more than 31,000 MW of generating capacity.

"The ENGIE transaction adds efficient assets that enhance Dynegy’s existing portfolio in PJM and ISO New England, and diversifies the Company’s geographic markets by establishing a new presence in the Texas ERCOT market," the company said

As previously announced, pursuant to the closing of the transaction, Dynegy acquired ECP’s 35% interest in a joint venture originally formed to acquire the Engie plants, and owns 100% of the acquired business. Dynegy has assumed ECP’s share of the upfront equity funding at closing, and paid ECP the revised discounted floor price of $375 million post-closing.

The assets acquired by Dynegy are listed below:

                                         
PLANT       LOCATION       MARKET      

NET CAPACITY
(MW)

      OWNERSHIP
INTEREST
      PRIMARY
FUEL
Coleto Creek       Goliad, TX       ERCOT       635       100%       Coal
Ennis       Ennis, TX       ERCOT       370       100%       Gas
Hays       San Marcos, TX       ERCOT       1,107       100%       Gas
Midlothian       Midlothian, TX       ERCOT       1,712       100%       Gas
Wharton       Boling, TX       ERCOT       85       100%       Gas
Wise       Poolville, TX       ERCOT       787       100%       Gas
Bellingham       Bellingham, MA       ISO-NE       566       100%       Gas
Bellingham NEA       Bellingham, MA       ISO-NE       157       50%       Gas
Blackstone       Blackstone, MA       ISO-NE       544       100%       Gas
Milford       Milford, MA       ISO-NE       171       100%       Gas
Armstrong       Shelocta, PA       PJM       753       100%       Gas
Calumet       Chicago, IL       PJM       380       100%       Gas
Hopewell       Hopewell, VA       PJM       370       100%       Gas
Northeastern       McAdoo, PA       PJM       52       100%       Coal
Pleasants       Saint Marys, WV       PJM       388       100%       Gas
Sayreville       Sayreville, NJ       PJM       170       50%       Gas
Troy       Luckey, OH       PJM       770       100%       Gas
                                         


Tags:
Dynegy   M&A  

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