Stock Symbol: DYN
Dynegy Inc. Industry:
Oil & Gas Operations
Dynegy Inc. Description:
Dynegy Inc. (NYSE:DYN) provides electricity, natural gas, and natural gas liquids to wholesale customers in the United States and to retail customers in the state of Illinois. The company owns and operates a diverse portfolio of energy assets, including power plants totaling more than 13,000 megawatts of net generating capacity, gas processing plants that process more than 2 billion cubic feet of natural gas per day and approximately 40,000 miles of electric transmission and distribution lines.
Dynegy Inc. Financial Summary:
DYN produces and delivers energy, including natural gas, power, NGLs, and coal, through its owned and controlled network of physical assets. For the 6 months ended 6/30/05, revenues fell 37% to $921M. Net loss from cont. ops. applic. to Common totalled $414M, up from $10M. Revenues reflect the sales of Illinois Power to Ameren Corporation. Higher loss also reflects litigation and restructuring charges.
Dynegy Inc. Business Summary:
Dynegy Inc. (Dynegy) is a holding company that, through its subsidiaries, operates in two areas of the energy industry: power generation and natural gas liquids. Dynegy's power generation segment is engaged in the production and sale of electric power from its owned and leased facilities. Its natural gas liquids segment consists of its midstream asset operations, located principally in Texas, Louisiana and New Mexico, and Dynegy's North American natural gas liquids marketing business. Dynegy's customer risk management segment is comprised largely of its three remaining power-tolling arrangements. In January 2005, the Company completed the purchase from Exelon Corporation of all of the outstanding capital stock of ExRes SHC, Inc., the parent company of Sithe Energies, Inc. and Sithe/Independence Power Partners, L.P. On September 30, 2004, the Company's regulated energy delivery business, which was conducted through Illinois Power and its subsidiaries, was sold to Ameren Corporation.