Dynegy to buy Sithe Energies from Exelon
Dynegy is set to reduce the effect of some of its loss-making tolling and financial swap contracts, buy power plants in the northeast US and acquire a supply agreement to increase stable cashflow and service debt.
Sithe Independence holds electricity tolling and financial swap contracts with a Dynegy subsidiary, which are costing $70 million annually, said Dynegy spokesman David
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