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23 August 2006 -- Dynegy Inc. has agreed to join with the Illinois Environmental Protection Agency in advancing a revised regulatory proposal that would significantly reduce mercury emissions and make further reductions in emissions of sulfur dioxide, nitrogen oxides and particulate matter from the company's Illinois power generation facilities.
If the joint proposal is ultimately approved, Dynegy's five coal-fired power generation facilities in Illinois will install additional particulate and carbon injection controls to reduce mercury emissions. In addition to a phased-in reduction of mercury emissions of 90 percent by 2015, the rule would further reduce emissions of sulfur dioxide, nitrogen oxides and particulate matter. Certain reductions were previously established in a 2005 Consent Decree with the U.S. Environmental Protection Agency.
"By working cooperatively with the Illinois Environmental Protection Agency and the Governor's Office, and recognizing the leadership provided by Governor Rod Blagojevich and Illinois Environmental Protection Agency Director Doug Scott, we have developed a long-term solution that enhances the standing of our Midwest fleet as the cleanest-operating group of coal-fired power generation assets in Illinois and among the lowest-emission coal fleets in the United States," said Bruce A. Williamson, Chairman and Chief Executive Officer of Dynegy Inc. "The investments outlined in today's announcement, combined with our previously announced efforts, provide significant benefits to Illinois that include a cleaner environment, while continuing to provide reliable, affordable electricity and quality jobs for Illinois.
"Further, the agreement recognizes our previously announced environmental efforts and investments, while taking into consideration future mercury requirements at the federal level and the new state-level mercury proposal in Illinois," Williamson added. "By dealing with these rules in a comprehensive and proactive manner, we are able to balance the financial impact on the company and our investors, while supporting the long-term viability of our Illinois assets."
This announced agreement with the state of Illinois is subject to approval by the Illinois Pollution Control Board and the Joint Committee on Administrative Rulemaking of the Illinois General Assembly.
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