Dynegy Announces New Role for Kevin Howell; Plans for COO Transition

Dynegy (NYSE: DYN) announced that Chief Operating Officer (COO), Kevin Howell is stepping down from the COO role effective January 4, 2013. Mr. Howell will continue as an employee for the Company both in an advisory capacity as well as supporting an orderly transition of his current responsibilities and will continue to report directly to Dynegy President and Chief Executive Officer (CEO) Robert Flexon. “Kevin came out of retirement to join me on the management team at Dynegy in June 2011 during a critical period in the Company's restructuring process. His deep expertise in the power industry and his hands-on experience in commercial operations and markets, plant operations, as well as his overall leadership skills have made him an effective and essential part of the Dynegy management team over the past 18 months,” said Robert Flexon, Dynegy President and CEO. “I look forward to Kevin's continued counsel and support in his new advisory role, just as I have been grateful for his service as COO.” The Company expects to announce Mr. Howell's replacement during the first quarter of 2013. In the interim, the commercial and plant operations functions will report directly to Mr. Flexon with assistance from Mr. Howell.