Energy Choice
                            

Matters

FERC OKs Dynegy Purchase Of GDF Suez Generation, Divestiture Proposal

February 3, 2017

Email This Story
Copyright 2010-17 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

FERC has approved a transaction under which Dynegy will acquire 9,017 megawatts of generation capacity from Engie (f/k/a GDF Suez), accepting the mitigation proposal from Dynegy

See background here on what was originally the acquisition of the Engie plants by a Dynegy-Energy Capital Partners (Atlas) JV. Dynegy has since entered into a transaction to acquire Energy Capital Partners' interest in Atlas (details here)

FERC accepted as mitigation the prior divestiture of Dynegy’s 50 percent interest in the Elwood generating station in the COMED LDA in PJM as sufficient to alleviate the competitive concerns in the COMED LDA in PJM resulting from the GDF Suez transaction. FERC did not require mitigation beyond the Elwood sale in the COMED LDA.

FERC accepted Dynegy's proposal to divest at least 224 MW in the SENE capacity zone in ISO-NE, which alleviates concerns regarding the degree to which Dynegy will be pivotal following consummation of the transactions.

ADVERTISEMENT
NEW Jobs on RetailEnergyJobs.com:
• NEW! -- Senior Analyst -- Retail Energy -- Houston
• NEW! -- Implementation Manager -- Retail Energy -- Houston
• NEW! -- Manager of Regulatory Affairs -- Retail Supplier
• NEW! -- Channel Manager, Sales -- Retail Supplier
• NEW! -- Manager of Billing Operations
• NEW! -- Marketing Associate -- Retail Supplier -- Houston
• NEW! -- Directors: Telemarketing or Broker Channel Management - Retail Electric Supplier -- Houston
• NEW! -- Analysts, Sales and Marketing - Retail Electric Supplier -- Houston
• NEW! -- Market Director -- Retail Energy
• NEW! -- Energy Business Development Professional
• NEW! -- Managers, Sales and Marketing - Retail Electric Supplier -- Houston
• NEW! -- Sales Associate -- Retail Energy