Dynegy today announced that it has reached an agreement to sell the CoGen Lyondell Power Generation Facility in
The sale, which is subject to various regulatory approvals and closing conditions, is expected to close in the third quarter 2007. The CoGen Lyondell facility, with 534 megawatt summer capacity rating, is a natural gas-fired, combined-cycle plant that began commercial operation in 1985. The purchase price equates to approximately $880 per kilowatt-hour based on the plant’s summer capacity rating.
According to a statement, the sale of the CoGen Lyondell facility is consistent with the company’s previously announced plans to rationalise its asset portfolio. In January 2007, the company announced an agreement to sell its Calcasieu Power Generation Facility, a peaking plant in
Dynegy’s previously announced plans also included the possible divestiture of the Bluegrass Power Generation Facility, a peaking plant in