This deregulation involves the separation of electric production from supply, often involving the sale or transfer of utility plants to IPP's. This figure is expected to reach 140,000 MW by the end of 2002. Dynegy has been a prime participant in this deregulation trend. DYN's power interests are not predicated solely on acquisitions. The electric story does not end with the United States, however.
Electricity is just a part of the story.
As one of the largest natural gas marketers in the nation, Dynegy is poised to capitalize on an increasingly tight gas market. This increased demand comes on the heals of two warm winters which dampened interest in gas exploration, processing and transportation. Rather, the company utilizes a combination of strategic assets and marketing prowess to deliver gas to regions where it is in higher demand. Market inefficiency and scarcity of supply is the real story. With winter approaching, we believe the market will start to price these opportunities into DYN's shares.