Dynegy Inc's Illinois Power Holdings, LLC Announces Acquisition Of Ameren Corp's Subsidiary

Thursday, 14 Mar 2013 07:25am EDT 

Dynegy Inc and Ameren Corp announced they have signed a definitive agreement under which Dynegy`s subsidiary Illinois Power Holdings, LLC (IPH) will acquire Ameren`s subsidiary, Ameren Energy Resources (AER) and its subsidiaries Ameren Energy Generating Company (Genco), AmerenEnergy Resources Generating Company (AERG), and Ameren Energy Marketing Company (AEM). Upon closing, Dynegy will own more than 8,000 megawatts (MW) of generating capacity in Illinois, and nearly 14,000 MW nationally. The AER retail and marketing businesses and the following plants are included in the transaction: Duck Creek, Coffeen, E.D. Edwards, Newton, and Joppa. Dynegy and Ameren expect to close the transaction during the fourth quarter of 2013. Dynegy`s financial advisor for this transaction is Lazard. Financial terms of the transaction were not disclosed. 

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