June 26, 2016
St. Louis Public Radio
.. Suppliers like Dynegy put some of their power into the system with the hope of making enough money at auction to break even, or possibly turn a profit. But that’s not happening. Dynegy says it’s not getting enough money back.
“Because the market doesn’t send the proper price signals to the generation in southern Illinois,” says Dynegy Vice President of Regulatory Affairs Dean Ellis, “it’s putting economic and financial pressure on those generators.”
The utility has already taken drastic steps: shutting down the power generating station in Wood River and mothballing some operations at facilities in Baldwin and Newton…