Dynegy
has reached an agreement to sell the company's Calcasieu Power Generation Facility, a peaking plant in
,
, to
for approximately $57m in cash.
The sale, which is subject to approval by various federal, state and other agencies, is expected to close in early 2008.
The sale of the
That evaluation is continuing and could result in sales of additional assets that are not considered strategic fits within the company's fleet. As previously disclosed, a pre-tax impairment charge of approximately $40m will be recorded in the fourth quarter 2006 related to the
On September 15, 2006, Dynegy announced a proposed combination with LS Power that is expected to result in a combined entity with approximately 20,000 megawatts of generation capacity and a strong presence in the
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