Dynegy Strikes Deal with Duke Energy Doubling its Generating Capacity

TheStreet

American power company Dynegy (DYN) is striking a deal with Duke Energy (DUK) that will double its generating capacity. Shares of Dynegy are rising on the news of the acquisitions totaling more than $6 billion. The two deals include Dynegy paying $2.8 billion for Duke's assets and $3.45 billion for Energy Capital Partners assets. Both deals are expected to closed by the end of the first quarter in 2015. Claire Poole is the senior writer at The Deal covering the energy space. Poole joined TheStreet's Susannah Lee from Houston on her thoughts on the deal and what it means for the utilities sector going forward.