Dynegy Highlights Commitment to Environmental Sustainability
March 02 2018 - 4:30PM
Business Wire
Dynegy Inc. (NYSE: DYN) is today reusing 80% of its coal
combustion byproducts and is on track to recycle 100% by 2020.
Reusing these materials, which are used to make concrete, drywall,
and other construction materials, significantly offsets the amount
of carbon dioxide that would be emitted into the atmosphere by
other industries.
The beneficial reuse of coal combustion byproducts is part of
Dynegy’s commitment to environmental sustainability, which includes
the Company’s initial compliance with the U.S. Environmental
Protection Agency’s Coal Combustion Residuals Rule (CCR rule). At
all of Dynegy’s power plants subject to the CCR rule, the Company
has conducted initial groundwater monitoring in the vicinity of
surface impoundments where coal combustion byproducts are stored.
Public access to this data is available in the CCR Compliance
section of www.dynegy.com.
Over the next several months, Dynegy will be validating initial
groundwater monitoring results. If statistically significant
increases over background levels are confirmed, assessment
monitoring as required by the CCR rule will be used to determine if
the surface impoundment is impacting groundwater. Dynegy will take
appropriate corrective action to address groundwater impacts caused
by our surface impoundments to ensure that public health and the
environment are protected. Actions may include the beneficial reuse
of coal combustion byproducts from surface impoundments, as well as
the closure of surface impoundments, to provide long-term
protection of groundwater resources.
In Illinois, where most of the Company’s coal-fueled fleet is
located, Dynegy has already filed notices of intent with the
Illinois EPA to safely and permanently close 13 surface
impoundments located at Dynegy’s Baldwin, Hennepin, Wood River,
Coffeen, and Duck Creek facilities. At the retired Vermilion
facility, Dynegy is working with state and federal regulatory
agencies to provide long-term protection of surface impoundments
and the adjacent Middle Fork of the Vermilion River. Currently,
groundwater studies are being conducted for the Illinois EPA that
would be used in a comprehensive surface impoundment closure plan
that offers long-term protection of groundwater resources and the
river.
In addition, Dynegy’s commitment to environmental sustainability
includes:
- An 18% reduction in carbon dioxide
(CO2) emissions from Dynegy’s power generation fleet since
2014.
- An investment of $2 billion in its
Illinois coal-fueled power generation plants, resulting in a sulfur
dioxide (SO2) reduction of 90%, with significant reductions in
nitrogen oxide (NOx) and other emissions.
- Retail supply offers of up to 100%
renewable power through the Company’s retail business, which serves
approximately 1.2 million residential and business customers in
Illinois, Massachusetts, Ohio, and Pennsylvania.
- One of the largest private
reforestation projects developed exclusively to reduce CO2,
planting nine million trees on more than 45,000 acres across eight
states in the Mississippi River Valley. This initiative offsets
more than 100,000 metric tons of CO2 per year.
“Dynegy’s commitment to environmental sustainability extends
from new investments in power plants and technologies to taking
responsibility for retired plants that in some cases pre-date
Dynegy’s ownership,” said Dynegy President and Chief Executive
Officer Robert C. Flexon. “We also support sustainability in our
communities by providing good-paying jobs, significant direct and
indirect economic benefits, and a substantial tax base.”
About Dynegy
Throughout the Northeast, Mid-Atlantic, Midwest, Texas, and
California, Dynegy operates nearly 28,000 megawatts (MW) of power
generating facilities capable of producing enough energy to supply
more than 23 million American homes. Through our retail business,
we serve approximately 1.2 million customers who depend on
reliable, affordable energy to grow and thrive.
Forward-Looking Statement
This news release contains statements reflecting assumptions,
expectations, projections, intentions or beliefs about future
events that are intended as “forward-looking statements,”
particularly those statements concerning Dynegy’s beliefs and
expectations regarding the benefits, recycling and reuse of coal
combustion byproducts; Dynegy’s environmental and community
sustainability; initial groundwater monitoring results and
potential corrective actions; and Dynegy’s closing of certain
Illinois surface impoundments. Discussion of risks and
uncertainties that could cause actual results to differ materially
from current projections, forecasts, estimates and expectations of
Dynegy is contained in Dynegy’s filings with the Securities and
Exchange Commission (SEC). Specifically, Dynegy makes reference to,
and incorporates herein by reference, the section entitled “Risk
Factors” in its 2017 Form 10-K and subsequent Form 10-Qs. Any or
all of Dynegy’s forward-looking statements may turn out to be
wrong. They can be affected by inaccurate assumptions or by known
or unknown risks, uncertainties and other factors, many of which
are beyond Dynegy’s control.
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version on businesswire.com: http://www.businesswire.com/news/home/20180302005759/en/
Dynegy Inc.Media:Dean Ellis,
713-767-5800orAnalysts:713-507-6466
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