Houston power co. reduces spending through 2018

Houston-based Dynegy Inc. (NYSE: DYN) has reduced its forecasted spending through 2018, freeing up more than $250 million on its balance sheet until 2019.

Most of that, about $165 million, is coming from a deferral of capital expenditure the company had been planning to spend under the new effluent limitation guidelines from the U.S. Environmental Protection Agency. That’s because of a combination of factors, including external legal challenges to the rule and updates to preliminary assessments…

Houston power co. reduces spending through 2018 syndicated post

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