Dynegy buying 5 Illinois power plants from Ameren

Published March 14, 2013 4:28pm ET



HOUSTON (AP) — Power producer Dynegy is buying five coal power plants from utility Ameren to increase its power generation capabilities in Illinois.

Dynegy won’t pay any cash for the plants and the related Ameren business that provides electricity to homes and businesses, but is assuming $825 million in Ameren’s debt. Ameren said the value of its benefits from the deal also include tax gains and total about $900 million.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.