First Reserve Corp. and Odyssey Investment Partners to acquire Dresser Equipment Group

Halliburton’s Board of Directors has approved the transaction. Acquired by Halliburton as part of its 1998 merger with Dresser Industries, DEG, through its four operating divisions, is a market leading company with revenues in excess of $1.4 billion.

HOUSTON, Jan. 31, 2001 (PRNewswire) – Dynegy Inc. (NYSE: DYN) announced the completion of the previously announced acquisition of 1,700 megawatts (MW) of power generation facilities in the Northeast. Located in the Town of Newburgh, N.Y., approximately 50 miles north of New York City, the 500-MW Danskammer Power Plant and 1,200-MW Roseton Power Plant establish Dynegy’s physical presence in the region.

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