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Combined Vistra-Dynegy must sell 1,281 MW, Texas PUC staff says [Seeking Alpha]

DYNEGY (DYN)  More Company Research Source: Seeking Alpha
Last dynegy earnings: 11/1 04:30 pm Check Earnings Report
US:NYSE Investor Relations: dynegy.com/investors/presentations-events
PDF Combined Vistra-Dynegy must sell 1,281 MW, Texas PUC staff saysVistra Energy (VST+2.2%) says it has a"pathway" to comply with demands by Texas regulators to divest at least 1,281 MW of generation to stay under a state-mandated cap of 20% of Electric Reliability Council of Texas installed capacity.The Texas Public Utilities Commission staff's final recommendation filed Monday concludes that VST in a merger with Dynegy (DYN+2.4%) would own and control more than 20% of installed capacity deliverable in ERCOT, partly because DYN owns 820 MW of generation in the Eastern Interconnection "that are capable of delivering electricity to ERCOT," and "that capacity must be included in Luminant's market share calculation."A VST spokesperson says the PUC staff recommendation "was an expected and required part of the process."See all stocks on the move »Now read:RiverPark Focused Value Fund Q4 2017 Performance Summary » [Read more]

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