SOURCE: NEAH

November 16, 2010 21:06 ET

Newco Energy Acquisition Holdings, LLC and Karl W. Miller Advise Dynegy Shareholder Decision Is Very Straightforward -- Vote "No" to a "Short Sale" to Blackstone Group; Why Should Shareholders Give Away Valuable Assets

NEW YORK, NY and WILMINGTON, NC--(Marketwire - November 16, 2010) - Newco Energy Acquisition Holdings (NEAH), LLC and Senior Energy Industry Executive Karl W. Miller today announced that they believe the decision Dynegy shareholders face is very straightforward; shareholders should not give away valuable assets.

NEAH and Mr. Miller's combined opinion is that Dynegy's natural gas plants are worth $3-$5/share on a stand-alone basis.

NEAH and Mr. Miller do not believe in giving away "free call options."

Disclaimer: The views expressed are those of NEAH and Mr. Miller. No capital or shareholder agreements or other arrangements are in place, NEAH and Mr. Miller are not soliciting capital or shareholder votes, and do not intend to file a Proxy. No offering memorandums or other solicitation documents have been distributed. NEAH and Mr. Miller have provided their combined opinion in open disclosure to all parties that Dynegy Inc. Shareholders have credible alternatives to build an earnings accretive energy company. Investors should seek the advice of a qualified investment professional prior to making any investment decisions.

About Mr. Miller:

Background about Mr. Miller may be found at the following weblink:

http://www.linkedin.com/profile/edit?id=35847711&trk=hb_tab_pro_top