Profile: Dynegy Inc (DYN)
27 Nov 2015
Dynegy Inc. (Dynegy), incorporated on September 13, 2006, is a holding company, which conducts its business operations through its subsidiaries. Dynegy’s primary business is the production and sale of electric energy, capacity and ancillary services from its fleet of over 15 power plants in five states totaling approximately 26,000 megawatts (MW) of generating capacity and two retail electricity companies. The Company operates in three segments: Coal, IPH and Gas. The Company’s Coal and Illinois Power Holdings, LLC (IPH) segments are fleets of base load coal facilities, located in Illinois. Its Gas segment operates both intermediate and peaking natural gas plants, located in the Midwest, Northeast and California. The Company sells electric energy, capacity and ancillary services primarily on a wholesale basis from its power generation facilities. It also serves residential, municipal, commercial and industrial customers in Midcontinent Independent System Operator, Inc. (MISO) and PJM Interconnection, LLC (PJM) through its Homefield Energy and Dynegy Energy Services retail businesses. The Company operates its business with a range of customers, including regional transmission organization (RTOs) and independent system operator (ISOs), integrated utilities, municipalities, electric cooperatives, transmission and distribution utilities, power marketers, financial participants, such as banks and hedge funds and residential, and commercial and industrial end-users, among others.
Coal and IPH Segments
The Company’s Coal segment is comprised of four coal-fired power generation facilities located in Illinois with a total generating capacity of over 3,008 MW. Its IPH segment is comprised of approximately five coal-fired power generation facilities located in Illinois with a total owned generating capacity of approximately 4,057 MW. All of these facilities, with the exception of Joppa, operate in MISO. Joppa, which is within the Electric Energy, Inc. (EEI) control area, also sells power and capacity into MISO. The Company offers a portion of its IPH segment generating capacity into the PJM market. The MISO market includes all of Iowa, Minnesota, North Dakota and Wisconsin and portions of Michigan, Kentucky, Indiana, Illinois, Missouri, Arkansas, Mississippi, Texas, Louisiana, Montana, South Dakota and Manitoba, Canada.
The Gas segment is comprised of five natural gas-fired power generation facilities located in California, Illinois, Pennsylvania, New York and Maine and one fuel-oil fired power generation facility located in California, totaling over 6,109 MW of electric generating capacity. The PJM market includes all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia. Its Kendall and Ontelaunee facilities, located in Illinois and Pennsylvania, respectively, operate in PJM with an aggregate net generating capacity of approximately 1,769 MW. The New York Independent System Operator (NYISO) market includes the entire state of New York. The Independent System Operator New England (ISO-NE) market includes the six New England states of Vermont, New Hampshire, Massachusetts, Connecticut, Rhode Island and Maine. The California Independent System Operator (CAISO) market covers approximately 90% of the State of California and operates a centrally cleared market for energy and ancillary services.
601 Travis St Ste 1400
HOUSTON TX 77002-3253