Dynegy Inc. (DYN) agreed to buy $6.25 billion of power plants from Duke Energy Corp. (DUK) and private-equity firm Energy Capital Partners, almost doubling its generating capacity less than a year after emerging from bankruptcy protection.
The sale includes $2.8 billion for 11 Duke natural gas, coal and oil power plants in Ohio, Pennsylvania and Illinois as well as its retail sales business, Houston-based Dynegy said in a statement today. In a separate transaction, Dynegy is spending $3.45 billion for Energy Capital plants in Massachusetts, Connecticut, Pennsylvania, Illinois and Ohio.
http://www.bloomberg.com/news/2014-08-22/dynegy-to-buy-duke-s-midwest-generation-business-correct-.html
My post is for my entertainment, do your own DD before pushing your
buy/sell buttons
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