Southern Sells Dynegy Wholesale Contract
Southern Wholesale Energy, the trading arm of Southern Company,
signed a wholesale power supply contract with Dynegy Energy to
provide 260 MW of power from its excess wholesale capacity. The
agreement is the second wholesale power agreement between the two
companies within the last six months.
"This agreement provides valuable capacity in the constrained
Southeastern Electric Reliable Council region," said Louis Dorey,
president of energy marketing and origination at Dynegy. "Our
continued execution toward a 10% to 15% market share of the
wholesale power market is advanced by the acquisition of this
On March 10, Southern Wholesale Energy signed a long-term
contract to sell 225 MW of wholesale power from its Plant Dahlberg
generating facility in Jackson County, GA to Dynegy Power
Southern Company owns five electric utilities in the Southeast:
Alabama Power, Georgia Power, Gulf Power, Mississippi Power and
Savannah Electric and Power. Southern Wholesale Energy manages more
than 5,000 MW of electricity for wholesale customers in the
Southeast region. The company also plans to add 8,000 MW of
regional gas-fired generation to its portfolio by 2003.
With this agreement, Dynegy now owns or controls more than
23,500 MW of electric generation throughout North America.
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