Duke Energy Completes Sale of its Non-Regulated Midwest Generation Business to Dynegy
Submitted by aburr on Fri, 2015-04-17 15:09Duke Energy completed the sale of its non-regulated Midwest Commercial Generation Business to Dynegy for $2.8 billion in cash. The transaction includes ownership interests in 11 power plants and Duke Energy Retail Sales, the company's retail business in Ohio. The non-regulated Midwest generation business sold to Dynegy includes 11 merchant power plants in Ohio, Illinois and Pennsylvania with a capacity of approximately 6,100 MW. The company began the process to exit its non-regulated Midwest Commercial Generation Business in February 2014.