OREANDA-NEWS. Dynegy Inc. (NYSE: DYN) reported for the 2016 first quarter, consolidated Adjusted EBITDA of $251 million, compared to $85 million for the 2015 first quarter. The $166 million increase in Adjusted EBITDA was primarily driven by assets the Company acquired during the second quarter of 2015 and higher capacity sales in the IPH segment. Partially offsetting these improvements were lower generation volumes at the Coal and IPH segments and lower spark spreads in the Gas segment, primarily at our Independence facility, resulting from mild winter weather. The operating income for the 2016 first quarter was $145 million compared to an operating loss of $40 million in the 2015 first quarter. The net loss attributable to Dynegy Inc. for the 2016 first quarter was $10 million, compared to $180 million for the 2015 first quarter.

“Mild winter weather during the first quarter impacted both our energy volumes and power prices across our key markets. However, the performance of the plants acquired last year continues to significantly contribute to the Company's favorable financial performance. As a result, Dynegy remains on track to meet our 2016 guidance range for Adjusted EBITDA and Free Cash Flow,” said Dynegy President and Chief Executive Officer, Robert C. Flexon.

“Our effort to market and sell capacity in MISO has been very successful as borne out by the Good Energy transaction leaving us less dependent on the MISO capacity market design and annual auction process, which continues to favor traditional utilities in the surrounding states. The recently completed auction clearly defined which of our assets are needed in MISO, and where we need to evaluate alternatives for the balance of the MISO portfolio,” Flexon added.