Dynegy granted pollution waiver for coal plants it's acquiring from Ameren

|About: Dynegy Inc. (DYN)|By:, SA News Editor

Dynegy (DYN -0.3%) is granted extra time by the Illinois Pollution Control Board to install pollution controls at five Illinois coal-fired power plants, saying it would be an economic hardship for the company to do it sooner.

DYN still must acquire the plants from Ameren (AEE +0.8%), which is essentially giving away the plants; it was requesting the same kind of waiver AEE had received from the state - delaying installation of required soot-control upgrades until 2020 - or the deal could be off.

Environmental groups opposed the waiver, saying the delay would hurt public health and that DYN knew the pollution controls were needed when it agreed to acquire the plants.