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Dynegy Responds to FERC Decision Regarding Ohio Affiliate Waivers for AEP and FirstEnergy

HOUSTON, Apr 28, 2016 (BUSINESS WIRE) -- Dynegy Inc. DYN, +1.91% released the following statement from the Company’s president and CEO, Robert C. Flexon, pertaining to the Federal Energy Regulatory Commission’s decision to rescind the affiliate waivers for American Electric Power (AEP) and FirstEnergy in Ohio:

“Dynegy applauds the Federal Energy Regulatory Commission’s unanimous action to protect consumers and the wholesale markets from abuse by ridding Ohio of the affiliate waivers for AEP and FirstEnergy. FERC agreed that customers are indeed captive to the out-of-market and exorbitantly priced PPA proposals that were accepted by the Public Utilities Commission of Ohio (PUCO), and has now ensured a transparent and thorough review...