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Illinois Gov. Rod R. Blagojevich, who was arrested last Tuesday on federal corruption charges, sought to enhance his political stature by trading an appointment to the Senate seat formerly held by President-elect Obama for a Cabinet position, with secretary of the Department of Energy (DOE) being one of the posts mentioned.

Illinois Gov. Rod R. Blagojevich, who was arrested Tuesday on federal corruption charges, sought to enhance his political stature by trading an appointment to the Senate seat formerly held by President-elect Obama for a Cabinet position, with secretary of the Department of Energy (DOE) being one of the posts mentioned.

Unable to find a partner with liquidity and stature to boost its own, Dynegy Inc. on Wednesday redrew its entire business plan with the news that it would close its marketing and trading unit in the United States, Canada and Europe. The restructuring, which includes the loss of long-time COO Steve Bergstrom, changes the former market-maker into a more conservative entity, with four autonomous business units: power generation, natural gas liquids, regulated energy delivery and communication.

Unable to find a partner with liquidity and stature to boost its own, Dynegy Inc. is winding down contracts and closing down its formerly extensive marketing and trading offices in the United States, Canada and Europe. The former market-maker has mapped a future on the assets it still holds, and will operate them within four entities: power generation, natural gas liquids, regulated energy delivery and communication.