Dynegy Energy Services East LLC

About Dynegy Energy Services East LLC

Dynegy Energy Services (East), LLC is a Vistra Corp retail brand serving Ohio and other PJM East markets. The Dynegy lineage dates back to 1984 (founded as Natural Gas Clearinghouse), and Vistra acquired Dynegy Inc. in April 2018.

Ownership timeline

Documented corporate events. Each entry links to a primary source.

1. 1984
   Predecessor Natural Gas Clearinghouse founded. [source]
2. 1996-08
   NGC Corporation acquired Chevron's natural gas gathering, marketing, and processing businesses; Chevron took an approximately 29% stake in NGC. [source]
3. 1998-06
   NGC Corporation renamed Dynegy Inc.; common stock listed on NYSE as DYN. [source]
4. 2011-11-07
   Subsidiary Dynegy Holdings filed for Chapter 11 bankruptcy. [source]
5. 2012-07-06
   Dynegy Inc. itself filed for Chapter 11. [source]
6. 2012-10-02
   Dynegy emerged from Chapter 11; common stock resumed trading as DYN on October 3, 2012. [source]
7. 2018-04-09
   Vistra Energy Corp. completed an all-stock acquisition of Dynegy Inc., valued at approximately $1.74 billion (0.652 Vistra shares per Dynegy share). [source]

Track record

Documented regulatory actions, litigation outcomes, and major corporate events. Each entry is sourced. Pending matters and unresolved allegations are not listed.

• regulatory
  2002-09-25

  SEC settled cease-and-desist order and civil action: Dynegy paid a $3 million civil penalty over securities-fraud findings related to 'Project Alpha' (a structured natural-gas financing presented as operating cash flow) and disclosure of two November 2001 round-trip electricity trades that lacked economic substance. Per the SEC, this was the first enforcement action against an energy trader for misleading round-trip/wash trade disclosures. [source]

• regulatory
  2004-04

  California Attorney General announced a $281.5 million settlement package with Dynegy resolving claims arising from the 2000–2001 Western energy crisis, including approximately $256.4 million in monetary relief for California ratepayers and $3 million to resolve a FERC market-manipulation proceeding. [source]

• regulatory
  2025-08

  FERC approved a $38 million settlement with Dynegy over MISO's 2015/16 Zone 4 capacity auction. FERC Office of Enforcement staff had concluded Dynegy engaged in a scheme to corner the auction. Approximately $33.5 million of the settlement was directed to Ameren Illinois residential and small-commercial default-supply customers; portions also went to Southwestern Electric Cooperative, Illinois Municipal Electric Agency, and Illinois Industrial Energy Consumers. [source]

Rate history

Dynegy Energy Services East LLC's lowest fixed and variable rates over time, broken out by territory.