Power company Dynegy Inc said on Friday that it would purchase coal and gas power plants for $6.25 billion to increase its presence in two less regulated eastern U.S. markets, sending its shares up as much as 22.5 percent.The deals for select assets of Duke Energy Corp and Energy Capital Partners will nearly double Dynegy's national generating capacity and allow the company to retail electricity in Illinois, Ohio, Pennsylvania and Michigan, increasing its exposure to the PJM and New England markets.The acquisitions are the latest in a series of deals aimed at minimizing exposure to the volatile wholesale power market, and analysts expect consolidation to continue.Earlier this year, Wisconsin Energy Corp said it would buy Integrys Energy Group Inc for $5.71 billion about two months after Exelon Corp agreed to buy Pepco Holdings Inc for $6.83 billion to cut exposure to the wholesale power market.
Duke Energy Corporation (Duke Energy) is an energy company. Shares of DUK traded higher by 0.1% or $0.075/share to $73.12. In the past year, the shares have traded as low as $64.16 and as high as $75.13. On average, 2711640 shares of DUK exchange hands on a given day and today's volume is recorded at 1556059.
Shares of DYN traded higher by 6.33% or $1.88/share to $31.60. In the past year, the shares have traded as low as $18.11 and as high as $36.57. On average, 956195 shares of DYN exchange hands on a given day and today's volume is recorded at 12268792.
Pepco Holdings, Inc. (PHI) is a holding company, that, through regulated public utility subsidiaries, is engaged primarily in the transmission, distribution and default supply of electricity and the distribution and supply of natural gas (Power Delivery): Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE). Shares of POM traded higher by 0.29% or $0.08/share to $27.42. In the past year, the shares have traded as low as $18.04 and as high as $27.92. On average, 1673250 shares of POM exchange hands on a given day and today's volume is recorded at 446192.
Integrys Energy Group, Inc. is a diversified energy holding company. Shares of TEG fell by 0.15% or $-0.1/share to $67.05. In the past year, the shares have traded as low as $52.08 and as high as $71.35. On average, 628627 shares of TEG exchange hands on a given day and today's volume is recorded at 150239.
Wisconsin Energy Corporation is a diversified holding company. Shares of WEC traded higher by 0.11% or $0.05/share to $44.11. In the past year, the shares have traded as low as $39.52 and as high as $49.21. On average, 1815060 shares of WEC exchange hands on a given day and today's volume is recorded at 459470.
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