Puddle

Just three months after Houston-based Dynegy announced it wouldenter the North American wholesale broadband communicationsbusiness, it now is storming into Europe with a deal to buyLondon-based iaxis Ltd., a cash poor fiber optic network operator.Dynegy also told analysts yesterday that it expects earnings tojump 20% to 25% per year over the next three years spurred by itsasset-based growth plan.