Dynegy Announces Retention of Restructuring Advisory Firms

Dynegy Inc. DYN today announced that the law firm of White & Case LLP and the financial advisory firm of Lazard Freres & Co. LLC have been retained to advise the company and the Finance and Restructuring Committee of Dynegy's Board of Directors on debt restructuring activities. The Finance and Restructuring Committee is chaired by Vincent J. Intrieri. Other directors on the committee are Thomas W. Elward, E. Hunter Harrison and Samuel Merksamer. The purpose of the committee is to undertake a comprehensive review of Dynegy's various restructuring alternatives, including, without limitation, if appropriate, reviewing and evaluating (i) possible changes to the capital structure of Dynegy, including the issuance, repurchase and/or prepayment of indebtedness or equity securities and (ii) possible sales of Dynegy's assets.