Dynegy Responds to FERC Decision Regarding Ohio Affiliate Waivers for AEP and FirstEnergy
April 28 2016 - 7:30AM
Business Wire
Dynegy Inc. (NYSE: DYN) released the following statement from
the Company’s president and CEO, Robert C. Flexon, pertaining to
the Federal Energy Regulatory Commission’s decision to rescind the
affiliate waivers for American Electric Power (AEP) and FirstEnergy
in Ohio:
“Dynegy applauds the Federal Energy Regulatory Commission’s
unanimous action to protect consumers and the wholesale markets
from abuse by ridding Ohio of the affiliate waivers for AEP and
FirstEnergy. FERC agreed that customers are indeed captive to the
out-of-market and exorbitantly priced PPA proposals that were
accepted by the Public Utilities Commission of Ohio (PUCO), and has
now ensured a transparent and thorough review for the benefit of
Ohio residents and businesses.”
About Dynegy
We are committed to leadership in the electricity sector. With
nearly 26,000 megawatts of power generation capacity and two retail
electricity companies, Dynegy is capable of supplying 21 million
homes with safe, reliable and economic energy. Homefield Energy and
Dynegy Energy Services are retail electricity providers serving
businesses and residents in Illinois, Ohio, and Pennsylvania.
Forward-Looking
Statement
This press release contains statements reflecting assumptions,
expectations, projections, intentions or beliefs about future
events that are intended as “forward-looking statements”
particularly those statements regarding the outcomes of the FERC’s
review process of the PPA proposals. These statements are based on
the current expectations of Dynegy’s management discussion of risks
and uncertainties that could cause actual results to differ
materially from current projections, forecasts, estimates and
expectations of Dynegy is contained in Dynegy’s filings with the
Securities and Exchange Commission (the “SEC”). Specifically,
Dynegy makes reference to, and incorporates herein by reference,
the section entitled “Risk Factors” in its 2015 Form 10-K and
subsequent Form 10-Qs. Any or all of Dynegy’s forward-looking
statements may turn out to be wrong. They can be affected by
inaccurate assumptions or by known or unknown risks, uncertainties
and other factors, many of which are beyond Dynegy’s control.
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version on businesswire.com: http://www.businesswire.com/news/home/20160428005601/en/
Dynegy Inc.Media:Micah Hirschfield,
713-767-5800orAnalysts:713-507-6466
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