S&P: Dynegy unaffected

Standard & Poor's said Dynegy's announcement that it has reached agreements to exit four long-term natural gas transportation contracts has no affect on the credit rating for Sithe Independence.

All of Sithe Independence's existing contracts with Dynegy are still in place and S&P believes that Dynegy's ability to transport gas to the facility is not hindered.

S&P said Dynegy's continuing credit problems and pronouncement of its willingness to exit the tolling agreements is a credit concern for Sithe Independence.

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