Dynegy selling plant shares to El Paso: El Paso Energy Corp.s subsidiary, El Paso Merchant Energy Co.,

Dynegy selling plant shares to El Paso: El Paso Energy Corp.`s subsidiary, El Paso Merchant Energy Co., will buy Dynegy`s California cogeneration plants for $255 million. The Dynegy assets provide El Paso with part ownership in 11 gas-fired power generation plants and a combined capacity of 370 MW. The deal also includes an operating company with turbine maintenance.

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