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EX-99.1 - EX-99.1 - DYNEGY HOLDINGS, LLCa12-9064_1ex99d1.htm

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 8-K

 

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported)
April 4, 2012

 

DYNEGY INC.

DYNEGY HOLDINGS, LLC

(Exact name of registrants as specified in their charters)

 

Delaware

 

001-33443

 

20-5653152

Delaware

 

000-29311

 

94-3248415

(State or Other Jurisdiction of Incorporation)

 

(Commission File Number)

 

(I.R.S. Employer Identification No.)

 

1000 Louisiana, Suite 5800, Houston, Texas
(Address of principal executive offices)

 

77002
(Zip code)

 

(713) 507-6400

(Registrant’s telephone number, including area code)

 

N.A.

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the obligation of the registrant under any of the following provisions:

 

o            Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

ITEM 7.01                                       REGULATION FD DISCLOSURE

 

As previously disclosed, on November 7, 2011, Dynegy Holdings, LLC (“DH”) and four of its wholly-owned subsidiaries, Dynegy Northeast Generation, Inc., Hudson Power, L.L.C., Dynegy Danskammer, L.L.C. (“Danskammer”) and Dynegy Roseton, L.L.C. (“Roseton” and collectively, the “Debtor Entities”), filed voluntary petitions for relief (the “Chapter 11 Cases”) under Chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of New York, Poughkeepsie Division (the “Court”).  Dynegy Inc. (“Dynegy”) and its subsidiaries, other than the five Debtor Entities, did not file voluntary petitions for relief and are not debtors under chapter 11 of the Bankruptcy Code and, consequently, will continue to operate their businesses in the ordinary course.  On March 6, 2012, Dynegy and DH filed a Second Amended Chapter 11 Plan of Reorganization and related disclosure statement with the Court.  On March 9, 2012, the examiner (the “Examiner”) appointed by the Court in the Chapter 11 Cases filed a report with the Court (the “Examiner’s Report”) and on March 16, 2012, Dynegy filed a Preliminary Response to the Examiner’s Report with the Court.

 

Following the filing of the Examiner’s Report, Dynegy, DH, an ad hoc group of holders of DH’s senior notes, PSEG and U.S. Bank, as trustee for the trust certificates issued in connection with the Roseton and Danskammer leases reached an agreement in principle on a resolution with respect to all disputes between DH and Dynegy and all claims against their directors and officers.

 

The agreement in principle is subject to, among other things, documentation that the parties intend to prepare and file during the month of April and Court approval.

 

On April 4, 2012, Dynegy issued a press release announcing the agreement in principle, which is attached hereto as Exhibit 99.1 and is hereby incorporated herein by reference.

 

Pursuant to General Instruction B.2 of Form 8-K and Securities and Exchange Commission Release No. 33-8176, the information contained in the press release furnished as an exhibit hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filings.  In addition, this Form 8-K and the press release contain statements intended as “forward-looking statements,” which are subject to the cautionary statements about forward-looking statements set forth in such press release.

 

ITEM 9.01                                      FINANCIAL STATEMENTS AND EXHIBITS.

 

(d) Exhibits:

 

Exhibit No.

 

Document

99.1

 

Press Release, dated April 4, 2012

 

2



 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

DYNEGY INC.

 

 

 

 

 

 

 

Date: April 4, 2012

 

By:

/s/ Catherine B. Callaway

 

 

Name:

Catherine B. Callaway

 

 

Title:

Executive Vice President and General Counsel

 

 

 

 

 

 

 

 

 

 

DYNEGY HOLDINGS, LLC

 

 

 

 

 

 

 

 

Date: April 4, 2012

 

By:

/s/ Catherine B. Callaway

 

 

Name:

Catherine B. Callaway

 

 

Title:

Executive Vice President and General Counsel

 

3



 

EXHIBIT INDEX

 

Exhibit No.

 

Document

99.1

 

Press Release, dated April 4, 2012

 

4