Dynegy and Enron merge

Dynegy Inc. and Enron Corp. have announced the execution of a definitive agreement for a merger of the two companies. The combined company, to be called Dynegy Inc., will be headquartered in Houston, Texas. The new company will focus on the core businesses of North American and European wholesale energy markets and commercial and industrial energy users, and will capitalise on the opportunities generated by the combined company’s diversified asset-backed network supported by the strongest intellectual capital in the industry.

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