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.
-Rob Curran, firstname.lastname@example.org
Continue Reading Below
(END) Dow Jones Newswires
October 30, 2017 16:51 ET (20:51 GMT)