Dynegy Shares Rise on Final Approval for Acquisitions

Strategic Insights -

Dynegy, an electric-energy company, saw its shares increase on Monday after receiving final approval from the Federal Energy Regulatory Commission for its subsidiaries to acquire ownership interests in certain Midwest commercial generation and retail assets of Duke Energy and assets from Energy Capital Partners. The company announced that the Duke transaction is scheduled to close on April 2, while the EquiPower and Brayton Point transactions are expected to be finalized on April 1. Upon completion of both transactions, Dynegy will own and operate nearly 26,000 megawatts of fuel-diverse power generating facilities, primarily in the Midwest and Northeast.

Key Takeaways:

  • Dynegy received final approval from the Federal Energy Regulatory Commission for its subsidiaries to acquire ownership interests in certain Midwest commercial generation and retail assets of Duke Energy and assets from Energy Capital Partners.
  • The Duke transaction is scheduled to close on April 2, while the EquiPower and Brayton Point transactions are expected to be finalized on April 1.
  • Upon completion of both transactions, Dynegy will own and operate nearly 26,000 megawatts of fuel-diverse power generating facilities, primarily in the Midwest and Northeast.
  • Dynegy's shares rose 5.9% recently, trading at $29.95, with a 52-week range of $24.58 to $36.57.
  • Duke Energy's shares were up 0.5% at $75.39, with a 52-week range of $68.81 to $89.97.
  • The acquisitions will expand Dynegy's presence in the Midwest and Northeast, adding to its existing 26,000 megawatts of fuel-diverse power generating facilities.
  • The company's shares have been on an uptrend, with the latest Comtex SmarTrend Alert indicating an uptrend on 05-14-2012 for DYN at $0.46.

Statistics:

  • Dynegy's shares rose 5.9% recently, trading at $29.95.
  • The company's 52-week range is $24.58 to $36.57.
  • Duke Energy's shares were up 0.5% at $75.39, with a 52-week range of $68.81 to $89.97.
  • The acquisitions will add approximately 26,000 megawatts of fuel-diverse power generating facilities to Dynegy's existing portfolio.
  • The transactions are expected to be finalized on April 1 and April 2, respectively.

Sources:

  • MidnightTrader via COMTEX (2015) - "Dynegy (DYN) shares rose Monday after the electric-energy company late Friday said it received final approval from the Federal Energy Regulatory Commission for its subsidiaries to acquire ownership interests in certain Midwest commercial generation and retail assets of Duke Energy (DUK) as well as assets of EquiPower Resources and Brayton Point Holdings from Energy Capital Partners."
  • Comtex News Network, Inc. (2015) - "As of Thursday, 03-26-2015 23:59, the latest Comtex SmarTrend Alert, an automated pattern recognition system, indicated an UPTREND on 05-10-2012 for DUK @ $21.75."
  • Comtex News Network, Inc. (2015) - "As of Thursday, 03-26-2015 23:59, the latest Comtex SmarTrend Alert, an automated pattern recognition system, indicated an UPTREND on 05-14-2012 for DYN @ $0.46."