Dynegy Inc. (NYSE: DYN) completed the sale of the 1,210 MW Roseton oil- and natural gas-fired power plant in New York to a unit of Castleton Commodities International LLC (CCI) for $19.5 million in cash.
CCI and Dynegy received the necessary regulatory approvals for the sale from the Federal Energy Regulatory Commission (FERC) and the New York Public Service Commission. The sale was completed as part of a U.S. Bankruptcy Court-supervised auction sale in late 2012.
Dynegy filed for Chapter 11 bankruptcy in July 2012 and merged with Dynegy Holdings, which filed for bankruptcy in November 2011 along with four other units.
The Roseton plant uses tangentially fired CE steam boilers and General Electric (NYSE: GE) 3,600 RPM turbines.
Dynegy’s units produce and sell electric energy, capacity and ancillary services in U.S. markets. The Dynegy Power LLC power generation portfolio consists of about 6,771 MW of primarily natural gas-fired intermediate and peaking power generation facilities. The Dynegy Midwest Generation LLC portfolio consists of zbout 2,980 MW of primarily coal-fired baseload power plants.
This story was originally published in Power Engineering online. It is republished by permission.