Duke Energy Sells Non-Regulated Midwest Generation Business for $2.8B
Dynegy is buying Duke Energy’s non-regulated Midwest Commercial Generation Business for $2.8 billion in cash, which includes ownership interests in 11 power plants and Duke Energy Retail Sales, the company’s competitive retail business in Ohio.
Duke says the transaction is part of its strategy to exit the merchant generation business.
The completion of the transaction is conditioned on regulatory approvals but is expected to occur in three to six months.
The Midwest generation business includes 11 merchant power plants with a capacity of about 6,100 MW. The plants are dispatched into the PJM wholesale power market. Nine of the power plants are located in Ohio, one is in Illinois and one in Pennsylvania. Dayton Power & Light and American Electric Power’s ownership interest in some of the power plants is not included in this transaction.
The Duke Energy Ohio and Kentucky and Duke Energy Indiana regulated utilities are not a part of the transaction.
- Existing Building Technologies Combine for Increased Savings
- Smart Companies Utilize Integrated Energy Solutions
- 2014 Environmental Leader Product and Project Awards
- Improve Your Company's Environment and Energy Performance
- The Future of Operational Risk Management: The Oil & Gas and Chemicals Approach
- Unlocking the Value of Energy & Operational Data
- Let's Do The Math for DR
- How "Fixed" is the Fixed Price Product?
- 2013-2014 Winter Polar Vortex
- Combined Heat and Power
- Connected Buildings, Connected People: A Look to the Future
- Cut Costs and Improve Facility Operations with Energy Data
- Energy Procurement Strategies for Winter 2014 and 2015
- Energy Efficiency Requires Engineering Efficiency
- Integrated Building Optimization: A Crucial Convergence of Demand-side and Supply-Side Energy Management Strategies