In response to demands from environmentalists as well as Senator Barbara Boxer (D-California), chair of the Senate Committee on the Environment and Public Works, the EPA made public a list of 44 "high hazard potential" coal waste dumps. ", "Dynegy's Top Executives to Resign in Wake of Failed Deals. [68] In March 2004, Wiliamson was named chairman of the company, succeeding Dan Dienstbier (who retired). This article may use content from the Wikipedia article under the terms of the GFDL. ", "Chevron's Profit Rises 24%, With Help From Its Refineries. List of power stations in Illinois - Wikipedia Illinova had formed a joint partnership named Catlin in January 2000 with a little-known investment company named Black Thunder. [28] NNGC was Enron's most lucrative pipeline asset and had been put up as collateral in return for Dynegy providing financing to Enron during merger talks. Fig. As Williamson later told the New York Times in June 2005, "We had businesses in trading, in marketing, in broadband communications, in Europe, in communications as far as China. This legal maneuver took advantage of a Delaware Supreme Court ruling which made it difficult for creditors to sue an LLC's board of directors for failing to uphold their fiduciary duty. Leading the nation with a diverse portfolio of natural gas, nuclear, coal, and solar facilities. [19][20] LS Power received 340 million shares of Dynegy B stock, $100 million in cash, and a $275 million note. Refocused on these core businesses, and managed with a strong emphasis on efficiency and cost control, Dynegy was able to stabilize its financial position. [19] Dynegy bought Illinova Corporation in 1999 in a deal worth US$1.75 billion and the assumption of US$2.25 billion of Illinova Corp. debt. By the end of 2027 or sooner it will close the Kincaid Power Plant (1.1 gigawatts) in Kincaid, Illinois; the Miami Fort Power Plant (1 gigawatt) in North Bend, Ohio; the Newton Power Plant (615 megawatts) in Newton, Illinois; and the Zimmer Power Plant (1.3 gigawatts) in Moscow, Ohio. Close Drawer Vistra Corp. Our Company; Leadership; Core Principles; History; [101], On March 8, 2011, Dynegy submitted financial filings with government regulators warning investors that it faced bankruptcy if it could not restructure its debt. In 2006, Dynegy's 6 coal-fired power plants emitted 23.9 million tons of CO2 and 96,000 tons of SO2 (0.6% of all U.S. SO2 emissions). [23] The deal began unraveling two weeks later as Enron revealed even larger financial losses and more debt than previously reported. [35] In mid-June, Dynegy reported that its first quarter income had fallen 80 percent. Five of the seven coal plants Vistra named are in Illinois. [26][27] To see the full list of sites, see Coal waste. Prosecutors accused Olis, Foster, and Sharkey of deceiving auditors, regulators, and other company executives regarding the transactions. ", de la Merced, Michael J. In September 2007, New York Attorney General Andrew Cuomo sued Dynegy and other utilities, arguing that the companies were not properly accounting for the financial risks that pollutants from coal-fired generating plants created. Its Dynegy Holdings subsidiary went bankrupt in November 2011, and Dynegy Inc. itself filed for bankruptcy protection on July 6, 2012. [10] In 1993, LG&E Energy Corporation took a stake in NGC, which by then was the largest independent natural gas marketing firm in the United States and had revenues of more than US$2 billion. ", Boshart, Glen. "Life in Energy, After Enron.
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