The Illinois Commerce Commission announced yesterday that Dynegy (NYSE:DYN) is one of the winning suppliers of the Illinois Power Agency's MISO Zone 4 capacity procurement event. The capacity procured in this process was for planning years 2017/2018 and 2018/2019. While each winning bidder will receive their bid price the overall weighted average price for the winning bids was $143.20 and $137.25 per megawatt-day, respectively. Total capacity to be provided by the winning suppliers is 1,389 megawatts (MW) for 2017/2018 and 465 MWs for 2018/2019.
Per the auction rules, Dynegy’s share of the awarded MW and the clearing prices is not being disclosed and remains confidential. For planning year 2017/2018, Dynegy has sold a total of 1,288 MW of capacity from its MISO coal segment, excluding IPH, for a total of approximately $45.8 million.
Please click on the link below for additional details on the RFP results.
ABOUT DYNEGY
At Dynegy, we generate more than just power for our customers. We are committed to being a leader in the electricity sector. Throughout the Midwest and Northeast, Dynegy operates power generating facilities capable of producing nearly 26,000 megawatts of electricity—or enough energy to power about 21 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.
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