Energy Company Raises Concerns About Vermilion Power Station
Officials from Dynergy Inc. have raised concerns about the Vermilion Power Station's long-term stability.
The Houston-based company owns four power plants in Illinois, in addition to the Vermilion plant located near Oakwood. Dynergy spokesman David Byford said because of challenging market conditions coupled with the cost of transporting coal that is trucked to the plant, his company is looking at 'options' for the 54-year-old power station.
"For the short term, it's business as usual for the plant," Byford said.
Byford would not go into detail about what options the company's pursuing.
Dynegy may soon merge with the Blackstone Group for about $4.7 billion, which would include the assumption of Dynegy's debt. Dynegy Shareholders are scheduled to vote on the merger next week in Houston.