Dynegy Says More Asset Sales Possible

Dynegy said during an earnings call that more generation asset sales are possible as part of its strategy to meet its 4.5x net leverage target

Dynegy last week announced the sale of over 1,200 MW of peaking capacity in PJM, as well as the swap of ownership stakes in several Ohio units. At such time, Dynegy said that discussions were underway with co-owners of certain of its other Ohio assets concerning the future of such assets (see story here)

Dynegy is already slated to sell units in Southeast New England as a result of market mitigation for its purchase of the Engie units.

However, on an earnings call, Dynegy CEO Robert Flexon said that over the course of the year, "other select asset sale opportunities," are likely, apart from the mitigation.