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Ameren, Dynegy close deal on 5 Illinois coal plants

A Houston-based energy company now owns five more coal-fired power plants in Illinois.
 
Dynegy Inc. bought the plants from St. Louis-based Ameren Corp., which wanted to divest itself of its so-called merchant business. Electricity from those plants is sold on the open market, but Ameren wants to concentrate on its rate-regulated electric, natural gas and transmission operations in Illinois and Missouri.
 
The companies announced Monday that the transaction was complete. Dynegy now owns nine coal-fired plants in Illinois.
 
The deal was finalized almost two weeks after Dynegy received a five-year pollution-control waiver from the Illinois Pollution Control Board. The company had said the deal hinged on getting permission to delay installed soot-control upgrades at the plants until 2020.
 
The plants are in Fulton, Peoria, Montgomery, Jasper and Massac counties.

Source: www.wsiltv.co