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Southern Sells Dynegy Wholesale Contract

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 capacity."

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 Marketing.

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.

Alex Steis

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