Dynegy to shut down 3 generating plants in southern Illinois

Dynegy Inc. has announced it will close three of its coal-powered generating plants in southern Illinois that combined generate about 1,834 megawatts of electricity.
    
Houston-based Dynegy announced Tuesday it will shutter two coal-fired units at its Baldwin Power Station and one coal-fired unit at Newton Power Station over the next year.
    
Dynegy CEO Robert Flexon said power plants in southern Illinois can’t recover their operating costs. He blamed that on persistently low wholesale power prices and the downstate grid operator’s market design.
    
Dynegy also says an additional 500 megawatts are targeted for shutdown. Last year, Dynegy announced plans to close its 465-megawatt Wood River station by June 1, with a loss of 90 jobs.
    
Dynegy Inc. on Tuesday reported a loss of $10 million on first-quarter revenues of $1.12 billion.

Related Articles

Merriam-Webster adds 250 words to its dictionary Some of the words are fun, while others are political.
Body not found for 8 months in Missouri airport parking lot A man's body sat undiscovered for eight months in his pickup truck in a Kansas City International Airport parking lot and his family wants answers.
Wish granted: 10-year-old boy fighting brain cancer tours John Deere factory A Virginia boy got his wish granted of touring the John Deere factory in Iowa.
Trump, the ‘America First’ president, goes to the UN Elected on the nationalist slogan “America first,” President Donald Trump will use his debut address to the U.N. General Assembly to argue that indivi...