Dynegy announces management appointments

HOUSTON, Sept. 15, 2003 — Dynegy Inc. has announced the appointments in the third quarter 2003 of the following individuals in the company’s Power Generation and Natural Gas Liquids segments and its corporate area:

* Lynn Lednicky to senior vice president of Strategic Planning & Business Development in Dynegy’s Corporate area. Lednicky, who has been with Dynegy and its predecessor companies for 12 years, previously served as senior vice president of Origination in Dynegy’s Power Generation segment;

* Rich Eimer to senior vice president of Operations in Dynegy’s Power Generation segment. Eimer, who has more than 30 years of experience with Dynegy and its predecessor companies, previously served as senior vice president of Dynegy Midwest Generation, Inc. (DMG);

* Marc Breitling to vice president with responsibility for the Louisiana Gulf Coast region in Dynegy’s Natural Gas Liquids segment. Breitling, who has been with Dynegy and its predecessor companies for 24 years, previously served as vice president in the segment’s Strategic Market Analysis group;

* Gary Hickey to vice president of Environmental, Health and Safety in Dynegy’s Power Generation segment. Hickey, who has 27 years of experience with Dynegy and its predecessor companies, previously served as vice president in DMG’s Electric System Operations group;

* Lisa Krueger to vice president of Origination in Dynegy’s Power Generation segment. Krueger, who has 17 years of experience with Dynegy and its predecessor companies, previously served as vice president of Environmental, Health and Safety in Dynegy’s Power Generation segment; and

* Keith McFarland to vice president of DMG. McFarland, who has 17 years of experience with Dynegy and its predecessor companies, previously served as vice president responsible for DMG’s Baldwin Energy Complex.

“These appointments reflect the contributions these managers have made to the company and their abilities to step up to new challenges as we continue to move the company forward,” said Bruce A. Williamson, Dynegy Inc. president and chief executive officer.

“Together with their teams, they will play an important role as we advance our rebuilding efforts in terms of a renewed strategic direction and continued safe, cost-efficient operations.”

Dynegy Inc. provides electricity, natural gas, and natural gas liquids to wholesale customers in the United States and to retail customers in the state of Illinois. The company owns and operates a diverse portfolio of energy assets, including power plants totaling approximately 13,000 megawatts of net generating capacity, gas processing plants that process more than 2 billion cubic feet of natural gas per day and approximately 40,000 miles of electric transmission and distribution lines.

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