Dynegy to shut down 3 coal-fired power plants in Illinois

calfornia coal power plant elp

CHICAGO (AP) — Dynegy Inc. has announced it will close three of its coal-fired power plants in southern Illinois that combined generate about 1,834 MW 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 MW are targeted for shutdown. Last year, Dynegy announced plans to close its 465 MW 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.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs