October 11, the Federal Energy Regulatory Commission (FERC) issued an order authorizing Dynegy unit, Illinois Power Holdings to buy Ameren Energy Resources, an Ameren unit. This approval leaves one remaining state-level regulatory authorization to complete the acquisition.
The transaction continues to be contingent on receiving approval for the Illinois Multi Pollutant Standard variance request before the Illinois Pollution Control Board (IPCB). The IPCB is expected to make its decision on that request on or before November 21, 2013.
Both companies expect the transaction to close before the end of the year, assuming a favorable decision from the IPCB.