Company Overview of Dynegy Midwest Generation LLC
Dynegy Midwest Generation, LLC owns and operates coal-powered thermal power plants. The company is based in Tilton, Illinois. Dynegy Midwest Generation, LLC operates as a subsidiary of Dynegy Inc.
80 West First Street
Tilton, IL 61833
Founded in 1984
Key Executives for Dynegy Midwest Generation LLC
Chief Financial Officer and Executive Vice President
Compensation as of Fiscal Year 2012.
Dynegy Midwest Generation LLC Key Developments
Federal Energy Regulatory Commission Issues Order to Dynegy Midwest Generation LLC on Revised Rate Schedule
Apr 11 13
Federal Energy Regulatory Commission issued order to Dynegy Midwest Generation, LLC on revised rate schedule. On February 22, 2013, the company submitted for filing a revised rate schedule FERC No. 5 (Rate Schedule) for reactive supply and voltage control form generation sources service. The rate schedule the revised cost-based revenue requirement in order to account for the retirement of units at five of the seven generating facilities owned and operated by dynegy. Pursuant to authority delegated to the Director, Division of Electric Power Regulation - Central, under 18 C.F.R. section 375.307, submittal is accepted for filing effective May 1, 2013, as requested. The filing was noticed in the Federal Register, with comments, protests, or motions to intervene due on or before March 15, 2013. Under 18 C.F.R. section 385.210, interventions are timely if made within the time prescribed by the Secretary. Under 18 C.F.R. section 385.214, the filing of a timely motion to intervene makes the movant a party to the proceeding, if no answer in opposition is filed within fifteen days. The filing of a timely notice of intervention makes a State Commission a party to the proceeding. No adverse comments or protests were filed.
Dynegy Midwest Generation, Inc. has Changed its Name to Dynegy Midwest Generation LLC
Sep 22 11
On August 04, 2011, Dynegy Midwest Generation, Inc. changed its name to Dynegy Midwest Generation LLC.
Dynegy Closes $1.7 Billion Refinancing
Aug 8 11
Dynegy Inc. announced that it has completed an internal restructuring to create separate coal-fueled power generation and gas-fueled power generation units and that its new 'CoalCo' and 'GasCo' subsidiaries have closed on new senior secured credit facilities in the aggregate amount of $1.7 billion, all as previously announced on July 10, 2011. The new facilities consist of a $1.1 billion, five-year senior secured term loan facility available to Dynegy Power LLC (the 'GasCo Facility') and a $600 million, five-year senior secured term loan facility available to Dynegy Midwest Generation, Inc. The proceeds of borrowings under the new credit facilities have been or may be used to: (i) repay certain outstanding indebtedness under Dynegy Holding Inc.'s senior secured credit agreement, (ii) cash collateralize letters of credit and provide cash collateral for existing and future collateral requirements, (iii) at the option of Dynegy Power, LLC, repay certain debt related to subsidiaries of Sithe Energies, Inc., (iv) make up to an aggregate of $400 million of distributions to parent holding companies, (v) pay related transaction fees and expenses and (vi) fund general working capital and liquidity requirements.
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