U.S. power company Dynegy Inc said on Friday that it would purchase 12,500 megawatts (MW) of coal and gas generation assets from Duke Energy Corp and Energy Capital Partners, in two deals valued at $6.25 billion. The deal will almost double Dynegy's power-generation capacity."The addition of these portfolios transforms Dynegy by adding considerable scale in the PJM (Pennsylvania, New Jersey, Maryland) and New England markets," Dynegy Chief Executive Robert Flexon said.Flexon expects the deal to improve the company's financial outlook by tripling its 2015 adjusted EBITDA.
Duke Energy Corporation (Duke Energy) is an energy company. Shares of DUK traded higher by 0.38% or $0.28/share to $73.04. 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 2027205.
Shares of DYN traded higher by 0.27% or $0.08/share to $29.72. 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 690405.
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