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Dynegy Names New COO and EVP For Strategy (M&A); Also Elevates Regulatory Chief Citing Increasingly "Critical" Issues

October 4, 2016

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Copyright 2010-16 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

Dynegy announced a series of executives changes today, as the company prepares to close on the acquisition of ENGIE’s US fossil portfolio of generating assets.

Martin Daley has been promoted to Executive Vice President & Chief Operating Officer responsible for all Plant Operations, Safety, PRIDE (the company’s continuous margin and process improvement program), Environment, Construction & Engineering and Outage Support for Dynegy’s national fleet of generating assets. In this newly created role, Daley will oversee a newly centralized Operations group organized by market rather than fuel type, as the company’s commercial organization is now, to allow more close alignment on issues affecting plant operating performance.

Daley has been responsible for the management and operation of Dynegy’s fleet of gas generating facilities since 2011. Prior to that, he served as Managing Director, Asset Management-Eastern Region since 2007 and before that, as Senior Director, Regulatory Affairs & Administrative Services.

Carolyn Burke will now serve as Executive Vice President, Strategy and will lead the development of Company strategic priorities, including possible future portfolio acquisitions or divestitures. Burke will also develop Dynegy’s strategy around clean technologies and renewables.

Burke has been with Dynegy since 2011, first serving as Chief Administrative Officer. Since 2015, she has run Business Operations and Systems, with overall responsibility for Procurement, Safety, Environmental, Information Technology, Construction & Engineering, Outage Services and PRIDE. She will retain her role as Chief Integration Officer with overall responsibility for integration activities relating to the recently announced acquisition of ENGIE’s U.S. fossil portfolio.

Dynegy promoted Dean Ellis to Senior Vice President, Regulatory and Government Affairs, and will report directly to the CEO, as Dynegy said that, "regulatory issues being an even more critical consideration for the Company." In this newly elevated role, Ellis will continue managing and coordinating Dynegy's wholesale and retail electricity market issues and environmental policy, as well as regulatory and government affairs. Ellis has been with Dynegy since 2009 serving in various roles within asset management and regulatory affairs.

Mario Alonso is taking on a new role as Executive Vice President, Plant Operations for the ERCOT region and CAISO as well as Supply Chain. Alonso, who joined Dynegy in 2001, has served in various roles within the Strategy and Treasury departments.

Daniel Thompson, head of Dynegy’s coal generating fleet since 2011 plans to retire in the second quarter of 2017 after nearly 30 years at Dynegy and predecessor companies. He will serve as Executive Advisor in the interim to ensure a smooth transition of the coal fleet during the integration period

The remaining members of the Executive Management Team will retain their current roles reporting directly to the CEO.

Julius Cox: Executive Vice President & Chief Administrative Officer

Clint Freeland: Executive Vice President & Chief Financial Officer

Catherine James: Executive Vice President, General Counsel and Chief Compliance Officer

Hank Jones: Executive Vice President & Chief Commercial Officer

Sheree Petrone: Executive Vice President, Retail

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