Stephen A. Furbacher, longtime executive vice president of Dynegy Inc.’s Midstream natural gas business, has been promoted to president and chief operating officer. Furbacher, 57, whose Midstream unit has been sold to Targa Resources, had announced earlier this month that he would retire after 30 years at Dynegy (see Power Market Today, Aug. 3). Furbacher agreed to defer his retirement after Alec G. Dreyer, power generation executive vice president, announced earlier this week he was resigning to pursue other interests. Furbacher will add Dreyer’s power generation responsibilities to his midstream operations oversight. He will continue to report directly to Bruce A. Williamson, Dynegy’s chairman and CEO.

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