Power company Dynegy Inc. (DYN) said Friday that one of its subsidiaries has completed the sale of the Rolling Hills peaking plant located in Wilkesville, Ohio, to a company managed by Tenaska Capital Management, LLC for $368 million in cash.
The sale equates to more than $450 per kilowatt based on the plant's summer capacity rating, Dynegy noted.
Houston, Texas-based Dynegy expects to record a gain on the sale of $50 million, subject to adjustments for working capital and other items, in the third quarter 2008.
Dynegy shares are currently trading at $6.46, down 26 cents or 3.86%.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.