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.
Real journalism.Trusted by millions.
Unlimited access to in-depth reporting, expert analysis, and the stories that shape our country.
Subscribe Now
Already a member? Log in
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.
