HOUSTON--(BUSINESS WIRE)--Dynegy Inc. (NYSE:DYN) today reported its results from the PJM capacity auction for planning year 2019/2020. The Company cleared a total of 9,804 megawatts (MW) at a weighted average clearing price of $134 per megawatt-day equating to approximately $481 million in capacity revenues for the 2019/2020 planning year. This total includes Dynegy’s PJM fleet that cleared 9,187 MW at a weighted average price of $137 per megawatt-day for total capacity revenues of $460 million, and IPH’s exports to PJM that cleared 617 MW at a weighted average price of $92 per megawatt-day for total capacity revenues of $21 million.
The below table lists Dynegy’s cleared capacity and associated clearing price for the 2019/2020 capacity auction by zone:
|Zone||Clearing Price per MW-day||Megawatts Cleared|
We are committed to leadership in the electricity sector. With nearly 26,000 megawatts of power generation capacity and two retail electricity companies, Dynegy is capable of supplying 21 million homes with safe, reliable and economic energy. Homefield Energy and Dynegy Energy Services are retail electricity providers serving businesses and residents in Illinois, Ohio, and Pennsylvania.
FORWARD LOOKING STATEMENTS
This press release contains statements reflecting assumptions, expectations, projections, intentions or beliefs about future events that are intended as “forward-looking statements”. These statements are based on the current expectations of Dynegy’s management discussion of risks and uncertainties that could cause actual results to differ materially from current projections, forecasts, estimates and expectations of Dynegy is contained in Dynegy’s filings with the Securities and Exchange Commission (the “SEC”). Specifically, Dynegy makes reference to, and incorporates herein by reference, the section entitled “Risk Factors” in its 2015 Form 10-K and subsequent Form 10-Qs. In addition to the risks and uncertainties set forth in Dynegy’s SEC filings, the forward-looking statements described in this press release could be affected by the following, among other things, (i) the industry may be subject to future regulatory or legislative actions, including environmental, that could adversely affect Dynegy; and (ii) Dynegy may be adversely affected by other economic, business, and/or competitive factors. Any or all of Dynegy’s forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks, uncertainties and other factors, many of which are beyond Dynegy’s control.