Dynegy, Energy Capital to Buy Power Plants for $3.3 Billion

  • Atlas Power joint venture to be run, majority owned by Dynegy
  • Dynegy would be the second-largest U.S. wholesale generator

Power producer Dynegy Inc. and private equity firm Energy Capital Partners LLC formed a joint venture to buy generators in the U.S. from Engie SA for $3.3 billion, less than the cost of building new plants.

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