WASHINGTON (dpa-AFX) - Electric utility Dynegy Inc (DYN) on Tuesday said its net loss for the fourth quarter widened to $104 million from $91 million last year.
The company's EBITDA for the quarter was $86 million compared with $18 a year ago.
For the full year 2015, Dynegy now expects adjusted EBITDA of $825 million to $1.03 billion, down from prior guidance of $1.35 billion to $1.55 billion.
Dynegy said the revised guidance assumes an April 1 close for the pending Duke Midwest, EquiPower and Brayton Point transactions, while the prior guidance assumed a January 1 close.
In August, Dynegy, in two separate deals valued at a total of about $6.2 billion, agreed to buy the ownership interests in certain Midwest generation assets from Duke Energy Corp (DUK), as well as EquiPower Resources Corp and Brayton Point Holdings LLC from Energy Capital Partners. The deals are expected to almost double Dynegy's existing portfolio to nearly 26,000 megawatts.
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