Dynegy Plans Over 5,000 MW of New Power Generation

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Researched by Industrialinfo.com (Industrial Information Resources, Inc, Houston, Texas). Dynegy Incorporated (NYSE: DYN) (Houston, Texas), a Private Energy Producer (PEP), is planning over $1.5 billion in new power generation totaling over 5,000 mega-watts (MW) and due to come on line by 2004. Projects in early development stages range throughout the Southeastern and Mid-Atlantic regions of the United States and considerations for a new coal-fired power plant are being evaluated for the Great Lakes Region. Power plants currently under construction are a 680MW peaking power plant in Carson City, Michigan and 324MW merchant power plant in Lagrange, Kentucky expected to come on line June 2002.

Dynegy completed a merger with Illinova Corporation in February 2000 adding over 3,800MW to its overall power generation capacity. ChevronTexaco (NYSE: CVX) currently owns 27% of Dynegy.

Founded in 1985, Dynegy employs over 6,500 employees and is a leading merchant energy producer in the United States, Europe, and Asia. Locations throughout the United States include the West Coast, Southwest, and Southeast Regions. Dynegy had over $29 billion in revenue for fiscal year 2000. This fortune 100 company has over 16,600MW of power generating capacity to date and by 2006 hopes to own, control, or manage 70,000MW of generating capacity.