HOUSTON--(BUSINESS WIRE)--Dynegy Inc. (NYSE: DYN) today finalized the sale of the Armstrong and Troy Energy Facilities, located in Pennsylvania and Ohio respectively.
LS Power purchased the two PJM dual-fueled peaking units for $480 million in cash. As announced in late February, proceeds from the transaction will be used for debt reduction.
At Dynegy, we generate more than just power for our customers. We are committed to being a leader in the electricity sector. Throughout the Northeast, Mid-Atlantic, Midwest and Texas, Dynegy operates power generating facilities capable of producing more than 28,000 megawatts of electricity—or enough energy to power nearly 22 million American homes. We’re proud of what we do, but it’s about much more than just output. We’re always striving to generate power safely and responsibly for our wholesale and retail electricity customers who depend on that energy to grow and thrive.