Dive Summary:
- Dynegy Inc. announced Monday that its Roseton and Danskammer power plants in New York would be sold after auction for a total of $23 million.
- Louis Dreyfus Highbridge Energy LLC purchased the Roseton plant for $19.5 million, while ICS NY Holdings LLC bought the Danskammer facility for $3.5 million.
- Dynegy emerged from Chapter 11 bankruptcy protection in October, having accumulated more than $5 billion in debt as of last year.
From the article:
"... Dynegy, which emerged from Chapter 11 bankruptcy protection in October, will sell the Roseton facility to Louis Dreyfus Highbridge Energy LLC for $19.5 million in cash and assumption of certain liabilities.
The Houston power company will sell the Danskammer facility to ICS NY Holdings LLC for $3.5 million in cash and assumption of some liabilities. ..."
