Ameren Completes Divestiture Of Ameren Energy Resources Co.

(RTTNews) - Ameren Corp. (AEE) said Monday that it has completed the divestiture of its merchant generation business, formerly known as Ameren Energy Resources Company, LLC, to an affiliate of Dynegy Inc. (DYN).

Ameren Energy Resources Co. consisted mainly of Ameren Energy Generating Company (Genco), including Genco's 80 percent ownership interest in Electric Energy, Inc.; AmerenEnergy Resources Generating Company; and Ameren Energy Marketing Company.

In addition, in October Ameren entered into an agreement to sell three merchant gas-fired energy centers, which were not part of the Dynegy deal, to a special purpose entity affiliated with and formed by Rockland Capital. That deal includes a 478-megawatt combined cycle facility in Grand Tower, Ill.; a 460-megawatt simple cycle facility in Elgin, Ill.; and a 228-megawatt simple cycle facility in Gibson City, Ill. With that sale, expected to be finalized by year-end, Ameren will complete its exit from the merchant generation business.