Dynegy to Shut Down 3 Generating Plants in Southern Illinois

Chicago (AP) — Dynegy Inc. has announced it will close three of its coal-powered generating plants in southern Illinois that combined generate about 1,834 megawatts of electricity. Houston-based Dynegy announced Tuesday it will shutter two coal-fired units at its Baldwin Power Station and one coal-fired unit at Newton Power Station over the next year. Dynegy CEO Robert Flexon said power plants in southern Illinois can’t recover their operating costs. He blamed that on persistently low wholesale power prices and the downstate grid operator’s market design.