Exhibit 99-1


The Dynegy, Inc. securities reported on the attached Form 4 (collectively, the
Securities) are beneficially owned by Franklin Advisers, Inc. (FAV), an indirect
  wholly owned subsidiary of Franklin Resources, Inc. (FRI), in FAV's capacity
as the investment adviser to various investment companies registered under
Section 8 of the Investment Company Act of 1940 and other accounts, including
Franklin Income Fund, a series of Franklin Custodian Funds, an investment
company registered under the Investment Company Act of 1940, that has an
interest in 15,737,600 shares of the Securities.  When an investment management
contract (including a sub-advisory agreement) delegates to FAV investment
discretion or voting power over the Securities held in the investment advisory
accounts that are subject to that agreement, FRI treats FAV as having sole
investment discretion or voting authority, as the case may be, unless the
agreement specifies otherwise. Accordingly, FAV reports for purposes of section
13(d) of the Securities Exchange Act of 1934, as amended (the Act), that it has
sole investment discretion and voting authority over the Securities covered by
any such investment management agreement.

Charles B. Johnson and Rupert H. Johnson, Jr. (the Principal Shareholders) each
owns in excess of 10% of the outstanding common stock of FRI and are the
principal stockholders of FRI.  FRI and the Principal Shareholders may be deemed
  to be, for purposes of Rule 13d-3 under the Act, the beneficial owners of
Securities held by persons and entities for whom or for which FAV provides
investment management services.  Each of FRI, the Principal Shareholders and FAV
  disclaims any pecuniary interest in any of the Securities.  In addition, the
filing of this Form 4 should not be construed as an admission that any of FRI or
  the Principal Shareholders is, and each disclaims that it is, the beneficial
owner, as defined in Rule 13d-3, of any of the Securities, except to the extent
of that filer's pecuniary interest therein.

FRI, the Principal Shareholders and FAV believe that they are not a group within
  the meaning of Rule 13d-5 under the Act and that they are not otherwise
required to attribute to each other the beneficial ownership of the Securities
held by any of them or by any persons or entities for whom or for which FAV
provides investment management services.