Feb. 26 — Regarding capital allocation at the post-merger firm, which will produce significant cash flow, for the first 12 to 24 months following the close of the Dynegy acquisition, “our focus will be on paying down our debt to achieve our net debt-to-EBITDA target in the range of 2.5 times as we discussed before. We will of course, evaluate growth opportunities during this period, predominantly on the retail side,” Morgan said during an earnings call.
Is a policy analyst for TCAP, a coalition of cities and other political subdivisions that purchase electricity in the deregulated market for their own governmental use. Because high energy costs can impact municipal budgets and the ability to fund essential services, TCAP, as part of its mission, actively promotes affordable energy policies. High energy prices also place a burden on local businesses and home consumers.