Thread regarding Dynegy Inc. layoffs

Dynegy will assume more than $800 million in debt that was dragging on Ameren’s earnings and credit ratings.

Dynegy, which just emerged from Chapter 11 bankruptcy last year, sought the same variance after it agreed to acquire the Ameren plants. Dynegy said it faced the same financial pressures as Ameren because of depressed power prices and lacked the cash flow to invest in large capital projects.

After this we'll scream poverty and fleece the public, the employees, and local school districts. Then spend even more money on Lawyers fees to get things done our way.

Criminal!

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