Dynegy Completes Sale of Lee Facility in Illinois

HOUSTON–(BUSINESS WIRE)–Dynegy Inc. (NYSE: DYN) has closed on the sale of its Lee Energy
Facility to an affiliate of Rockland Capital. As previously disclosed,
the $180 million in proceeds from the sale will go toward debt
reduction. The transaction has received the required approvals from the
Federal Energy Regulatory Commission.

About Dynegy

At Dynegy, we generate more than just power for our customers. We are
committed to being a leader in the electricity sector. Throughout the
Northeast, Mid-Atlantic, Midwest and Texas, Dynegy operates power
generating facilities capable of producing more than 27,000 megawatts of
electricity – or enough energy to power more than 22 million American
homes. We’re proud of what we do, but it’s about much more than just
output. We’re always striving to generate power safely and responsibly
for our wholesale and retail electricity customers who depend on that
energy to grow and thrive.

Forward-Looking Statements

This news release contains statements reflecting assumptions,
expectations, projections, intentions or beliefs about future events
that are intended as “forward-looking statements,” particularly those
statements concerning the use of net proceeds from the sale of the
transaction. Discussion of risks and uncertainties that could cause
actual results to differ materially from current projections, forecasts,
estimates and expectations of Dynegy is contained in Dynegy’s filings
with the Securities and Exchange Commission (SEC). Specifically, Dynegy
makes reference to, and incorporates herein by reference, the section
entitled “Risk Factors” in its 2016 Form 10-K and subsequent Form 10-Qs.
Any or all of Dynegy’s forward-looking statements may turn out to be
wrong. They can be affected by inaccurate assumptions or by known or
unknown risks, uncertainties and other factors, many of which are beyond
Dynegy’s control.

Contacts

Dynegy Inc.
Media:
Dean Ellis, 713.767.5800
or
Analysts:
713.507.6466