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Dynegy completes sale of Illinois gas plant

Dynegy Inc. completed the sale of the 692-MW Lee County Generating Station in Illinois to an affiliate of Rockland Capital LLC for $180 million.

Bruce Power LLC, owned by private equity funds managed by Rockland Capital, secured Federal Energy Regulatory Commission approval on Oct. 3 to proceed with the transaction. (FERC docket EC17-162)

Dynegy said in an Oct. 12 news release that proceeds from the sale will go toward debt reduction.