FERC approves Ameren's sale of Illinois coal plants to Dynegy

Reuters

By Scott DiSavino

Oct 14 (Reuters) - U.S. federal energy regulators approvedpower company Ameren Corp's plan to sell five coal-firedpower plants in Illinois to power generator Dynegy Inc,the companies said on Monday.

Ameren, of St. Louis, is selling its merchant power plantsto focus on its regulated utilities in Missouri and Illinois.

Dynegy, of Houston, said it still needs approval from theIllinois Pollution Control Board on its Illinois Multi PollutantStandard variance request before it can close the deal.

The Illinois board is expected to make a decision on orbefore Nov. 21, Dynegy said.

Ameren in March agreed to sell the 410-megawatt Duck Creek,650-MW E D Edwards, 895-MW Coffeen, 1,197-MW Newton and 1,002-MWJoppa coal plants to Dynegy.

In addition, Ameren said the U.S. Federal Energy RegulatoryCommission (FERC) also approved Ameren's transfer of threenatural gas-fired power plants in Illinois from one Ameren unitto another before the facilities are sold to Rockland Capital,an investment firm.

Ameren Energy Generating will transfer the 460-MW Elgin,478-MW Grand Tower and 228-MW Gibson City gas plants toAmerenEnergy Medina Valley Cogen. Medina Valley meanwhile hasagreed to sell the plants to an affiliate of Rockland Capital.

Ameren said it expects to complete both transactions by theend of the year.

View Comments (1)