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Dynegy - Ameren Close Power Plant Deal

Mon, 02 Dec 2013 16:44:06 CST
By: AP

A Houston-based energy company now owns five more coal-fired power plants in Illinois including one in Peoria. Dynegy bought the plants from St. Louis-based Ameren Corp., which wanted to divest itself of its so-called merchant business. Electricity from those plants is sold on the open market, but Ameren wants to concentrate on its rate-regulated electric, natural gas and transmission operations in Illinois and Missouri. The companies have announced the transaction is complete. Dynegy now owns nine coal-fired plants in Illinois. The deal was finalized almost two weeks after Dynegy received a five-year pollution-control waiver from the Illinois Pollution Control Board. The company had said the deal hinged on getting permission to delay installed soot-control upgrades at the plants until 2020. The plants are in Fulton, Peoria, Montgomery, Jasper and Massac counties.

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