-----Original Message-----
From:  Rostant, Justin  
Sent: Thursday, April 12, 2001 9:16 AM
To: Zipper, Andy; Forster, David; Puthigai, Savita; Jafry, Rahil; Shults, 
Bob; Diamond, Daniel; Carter, Carl; Pacheco, Leonardo; Alatorre, Carlos; 
Samuels, Dave; Mandola, Teresa
Subject: Dynegydirect introduces Hourly power


Dynegy Introduces Hourly Power Products to Dynegydirect; Real-Time Market 
Information Provides Customers With Greater Control and Efficiency
HOUSTON--(BUSINESS WIRE)--April 12, 2001--Dynegy Inc. (NYSE:DYN) has added 
hourly power products to Dynegydirect, the company's Internet-based, 
commission-free business-to-business portal and trading site for energy and 
communications commodities. Since trading began in November 2000, 
Dynegydirect has recorded more than $14 billion in notional transactions and 
now offers in excess of 700 products.
Along with the energy and emission allowance product offerings, Dynegydirect 
now offers hourly power products backed by Dynegy's diversified commercial 
asset base. Hourly power markets for on-peak hours will initially be 
available at major interconnects in the Midwest. As Dynegy's generation 
portfolio expands throughout the country, additional North American hourly 
products and locations will be added to Dynegydirect.
"Posting our products and services online through Dynegydirect enables our 
customers to execute in real-time," said Matt Schatzman, president of Energy 
Trading for Dynegy Inc. "This is especially important in the hourly market 
where trading decisions are analyzed each hour in a ten to 20 minute window."
Dynegydirect provides customers with real-time access to prices for natural 
gas, power, natural gas liquids, coal and emission allowances in North 
America. Dynegy customers and new users can view Dynegydirect's features and 
register online by visiting www.dynegydirect.com 
<http://www.dynegydirect.com>.
Dynegy Inc. is a leading provider of energy and communications solutions to 
customers in North America, the United Kingdom and Continental Europe. The 
company's leadership position extends across the entire convergence value 
chain, from power generation, wholesale commercial and industrial marketing 
to trading of power, natural gas, coal, emission allowances, weather 
derivatives, broadband and the transportation, gathering and processing of 
natural gas liquids.