Dynegy Inc. (NYSE: DYN) completed the sale of the 1,210 MW Roseton oil- and natural gas-fired power plant in New York to a subsidiary of Castleton Commodities International LLC (CCI) for $19.5 million in cash.
CCI and Dynegy received the necessary regulatory approvals for the sale from the Federal Energy Regulatory Commission and the New York Public Service Commission. The sale was completed as part of a U.S. Bankruptcy Court-supervised auction sale in late 2012. Dynegy filed for Chapter 11 bankruptcy in July 2012 and merged with Dynegy Holdings, which filed for bankruptcy in November 2011 along with four other subsidiaries.
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