Dynegy Closes on Transaction to Purchase AES Corporation’s Interests in Zimmer and Miami Fort
Dynegy Inc. has closed on its previously reported $50 million purchase of a 28.1% ownership interest in the Zimmer Power Station and a 36% ownership interest in the Miami Fort Power Station from DPL Inc., a subsidiary of the AES Corporation. The transaction has received the required approvals from the Federal Energy Regulatory Commission.
Dynegy now owns 100% of both of the Ohio coal-fueled facilities. Zimmer, located in Moscow, has 1,300 megawatts of generating capacity and Miami Fort, in North Bend, has 1,020 megawatts of generating capacity.