|
Go To |
Headquarters:
Website: http://www.dynegy.com Dynegy provides wholesale power, capacity and ancillary services to utilities, cooperatives, municipalities and other energy companies in 14 states in key U.S. regions of the Midwest, the Northeast and the West Coast. The company's power generation portfolio consists of approximately 20,000 megawatts of baseload, intermediate and peaking power plants fueled by a mix of coal, fuel oil and natural gas. In 2007, Dynegy had revenues of $3.1 billion and net income of $264 million. In August, Dynegy announced that it has completed the sale of the CoGen Lyondell Power Generation Facility in Channelview, TX, to EnergyCo, a joint venture between PNM Resources and a subsidiary of Cascade Investment, L.L.C., for approximately $470 million in cash The company's name is from the combination of dynamic and energy. History 1984 - Company began as Natural Gas Clearinghouse, a marketer of natural gas 1997 - Acquired Destec Energy Inc. marking Dynegy's entrance into the independent power producer sector 1998 - Name changed from Natural Gas Clearinghouse to Dynegy Inc. 2000 - Completed merger with Illinova including the present-day Illinois power generation assets 2002 - Announced exit from energy marketing and trading business. Company initiated self-restructuring plan focused on strategic, financial and governance issues 2005 - Sold Midstream natural gas business to focus on power generation business 2006 - Completed multi-year self-restructuring initiative. Announced combination with LS Power 2007 - Closed deal with LS Power Benefits Total rewards package with competitive compensation programs, medical plans and savings options. Updated February 27, 2008 |