Dynegy calls 9 7/8% second-priority notes

By Angela McDaniels

Seattle, Aug. 8 - Dynegy Holdings Inc. will redeem its 9 7/8% second-priority senior secured notes due 2010 at 104.938% of par on Sept. 7, according to an 8-K filing with the Securities and Exchange Commission.

Noteholders will receive accrued interest to the redemption date.

Of the $100 million of notes issued in 2003, $11 million remains outstanding.

Dynegy Holdings is a wholly owned subsidiary of Dynegy Inc., an electricity provider based in Houston.

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