Energy Capital Partners
Dynegy (NYSE:DYN) will buy out Energy Capital Partners’ stake in their joint venture to buy 17 fossil fuel plants owned by French utility ENGIE (EPA:ENGI).
Dynegy and Energy Capital Partners are buying 8.7 GW of generation in PJM, ISO-NE and — in a first for Dynegy — ERCOT.
FERC denied rehearing of its June decision certifying the ninth Forward Capacity Auction results in ISO-NE.
The union representing workers at the Brayton Point plant say the plant’s pending closure caused massive price spikes in recent ISO-NE capacity auctions.
FERC approved the purchase of 12,500 MW of generation from Duke Energy and Energy Capital Partners by Dynegy, the final approval needed for both deals.
Dynegy has reached a settlement with PJM’s Market Monitor to alleviate market power concerns over its purchase of 12,400 MW of generation from Duke and ECP.
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