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After lucrative merger, Dynegy keeps fighting to boost its coal fleet
Energy News Network: Stakeholders say an Illinois proposal to create a new state-run capacity market to reward baseload generators is a money grab by companies and unnecessary to maintain adequate generation and grid reliability.
The push is driven by Dynegy, which said it needs higher capacity payments in order to keep its financially struggling coal plants open.
Critics of the proposal, including consumer and clean energy groups and the state attorney general, say the coal plants are not needed and that ratepayers should not have to pay higher bills to help Dynegy’s plants, especially given Dynegy’s recently-completed $4 billion merger with Vistra Energy.
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