Dynegy Closes on Transaction to Sell Dighton and Milford Facilities in Massachusetts

9/24/17

HOUSTON--(BUSINESS WIRE)--Dynegy Inc. (NYSE: DYN) has closed on the sale of its Dighton and Milford energy facilities to Starwood Energy Group Global. As previously disclosed, the $119 million in proceeds from the sale will go toward debt reduction.

The transaction, undertaken to address Federal Energy Regulatory Commission (FERC) concerns about competition in the ISO-NE’s Southeastern New England capacity zone, received the required approval from FERC on September 19.

About Dynegy

At Dynegy, we generate more than just power for our customers. We are committed to being a leader in the electricity sector. Throughout the Northeast, Mid-Atlantic, Midwest and Texas, Dynegy operates power generating facilities capable of producing 28,000 megawatts of electricity—or enough energy to power more than 22 million American homes. We’re proud of what we do, but it’s about much more than just output. We’re always striving to generate power safely and responsibly for our wholesale and retail electricity customers who depend on that energy to grow and thrive.

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