HOUSTON, Texas, Feb. 25, 2002 — Dynegy Inc. announced it has filed a registration statement on Form S-1 with the Securities and Exchange Commission (SEC) relating to a proposed underwritten initial public offering of 8,750,000 common units, representing limited partner interests in Dynegy Energy Partners L.P., a Delaware limited partnership.
All of the units in the offering will be sold by Dynegy Energy Partners L.P.
The partnership was recently formed by the company to own and operate a portion of Dynegy’s natural gas liquids business. The partnership will be engaged in fractionation, storage, terminalling, transportation, distribution and marketing natural gas liquids to consumers throughout North America. Dynegy and certain of its affiliates will be the general partner of the partnership. The principal executive offices of Dynegy Energy Partners L.P. are located at 1000 Louisiana Street, Suite 5800, Houston, Texas 77002 and its telephone number is 713/507-6400.
The lead manager of the offering is Lehman Brothers Inc. This offering of common units will be made only by means of a prospectus. A written prospectus meeting the requirements of Section 10 of the Securities Act of 1933, when available, may be obtained from Lehman Brothers at 790 Seventh Avenue, New York, New York 10019.
A registration statement relating to these securities has been filed with the SEC, but has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
Dynegy Inc. is an energy merchant. Through its global energy delivery network and marketing, logistics and risk management capabilities, Dynegy provides solutions to customers in North America, the United Kingdom and Continental Europe. The company’s web site is www.dynegy.com.