Utilities Higher Amid Merger Activity - Utilities Roundup

Features Dow Jones Newswires

Shares of power-plant operators ticked up amid merger activity. Merchant power producers Vistra Energy and Dynegy agreed to merge in an all-stock deal. After the deal closes, Vistra Energy shareholders will own about 79% of the new company and Dynegy shareholders will own about 21%. Shares of Dynegy rose sharply in the wake of the deal announcement, which confirmed earlier reports in The Wall Street Journal. The Federal Bureau of Investigation is investigating a decision by Puerto Rico's power authority to award a $300 million contract to a tiny Montana energy firm to rebuild electrical infrastructure damaged in Hurricane Maria, The Wall Street Journal reported.

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-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

October 30, 2017 16:51 ET (20:51 GMT)