Houston power co. closes $480M divestiture, reaches deals worth another $300M

Houston-based Dynegy Inc. (NYSE: DYN) announced late July 11 that it completed the sale of two facilities to LS Power for $480 million and will sell three others for a combined $300 million.

The power generation company has been working to sell off assets this year after purchasing a North American portfolio from France-based Engie SA (EPA: ENGI) for $3.3 billion.

The LS Power deal was announced in late February, a few weeks after the Engie deal closed. New York-based LS Power bought Dynegy’s…

Houston power co. closes $480M divestiture, reaches deals worth another $300M syndicated post

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