One of the country’s most troubled energy firms has reorganized itself and simplified its borrowing structure in a bid for survival.
The entire board of electricity producer Dynegy resigned earlier this year, along with much of the senior executive leadership, leaving the once high-flying firm adrift just ahead of the summer peak-generation season. With new management in place for the past month, and a new board of directors sworn in on June 15, the company’s second-quarter results were met with more curiosity than ire by investors and analysts accustomed to extreme volatility in the company’s outlook. Keep reading →