Dynegy Reports PJM Auction Results
May 24 2017 - 6:59AM
Business Wire
Dynegy Inc. (NYSE:DYN) today reported its results from the PJM
capacity auction for planning year 2020/2021. The Company cleared a
total of 10,217 megawatts (MW) at a weighted average clearing price
of $122.19 per megawatt-day equating to approximately $456
million(1)(2) in capacity revenues for the 2020/2021 planning year.
This total includes Dynegy’s PJM fleet that cleared 9,772 MW at a
weighted average price of $124.27 per megawatt-day for total
capacity revenues of $443 million and exports from MISO to PJM that
cleared 444 MW at a weighted average price of $76.53 per
megawatt-day for total capacity revenues of $13 million.
Dynegy’s facilities in DEOK cleared 928 MW at a weighted average
price of $130.00 per megawatt-day for total capacity revenues of
$44 million for the Dicks Creek, Miami Fort and Zimmer
facilities.
The table below lists Dynegy’s cleared capacity and associated
clearing price for the 2020/2021 capacity auction by zone. This
auction was the first to feature only the capacity product.
Zone Clearing
Price per MW-day Megawatts Cleared RTO (3)
$76.53 5,052 DEOK $130.00
928 COMED $188.12 3,154
MAAC $86.04 547 EMAAC
$187.87 536
TOTAL $122.19
10,217
_____________________________________
(1) Includes Troy and Armstrong, set to be sold to LS Power
pending approval.(2) Excludes any cleared capacity associated with
the purchase of the AES-owned portion of Miami Fort and Zimmer.(3)
Includes 444 MW of MISO imports.
About Dynegy
At Dynegy, we generate more than just power for our
customers. We are committed to being a leader in the electricity
sector. Throughout the Northeast, Mid-Atlantic, Midwest
and Texas, Dynegy operates power generating
facilities capable of producing more than 31,000 megawatts of
electricity—or enough energy to power about 25 million American
homes. We’re proud of what we do, but it’s about much more than
just output. We’re always striving to generate power safely and
responsibly for our wholesale and retail electricity customers who
depend on that energy to grow and thrive.
Forward-Looking
Statement
This news release contains statements reflecting assumptions,
expectations, projections, intentions or beliefs about future
events that are intended as “forward-looking statements”. 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
2016 Form 10-K and subsequent Form 10-Qs. In addition to the risks
and uncertainties set forth in Dynegy’s SEC filings, the
forward-looking statements described in this press release could be
affected by, among other things, the following (i) impact of
Capacity Performance product on Retail business; (ii) the industry
may be subject to future regulatory or legislative actions,
including environmental, that could adversely affect Dynegy; and
(iii) Dynegy may be adversely affected by other economic, business,
and/or competitive factors. 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/20170524005553/en/
Dynegy Inc.Media: David Onufer, 713-767-5800orAnalysts:
713-507-6466
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