SOURCE: NEAH

November 18, 2010 09:55 ET

Newco Energy Acquisition Holdings, LLC and Karl W. Miller Believe Dynegy Stock Is Worth in Excess of $10/Share With Prompt Restructuring of Company

NEW YORK, NY and WILMINGTON, NC--(Marketwire - November 18, 2010) - Newco Energy Acquisition Holdings (NEAH), LLC and Senior Energy Industry Executive Karl W. Miller today reaffirmed that they believe Dynegy, Inc. Stock Price Could Recover above $10/Share in a very short period of time. 

Shareholders don't have to give away valuable assets and liquidate the Company just because the current management and board of directors can't execute on an earnings accretive growth plan!

Mr. Miller posted several presentations for public review and interest "US Energy Market Investment Opportunities" at web link: http://slidesha.re/bRp1GP and "Building an Earnings Accretive Energy Business" at web link: http://slidesha.re/8Yw66E as a guideline for consideration regarding building an energy growth company.

Look at where Dynegy's stock price has gone and where it could return, with the prompt and proper restructuring of the Company, to include immediate replacement of senior management team and Board of Directors, implementation of a growth plan, support of current large shareholders, and retirement of debt at a substantial discount to face value while extending the maturity of remaining debt.

See Dynegy Inc. Stock Performance:

http://www.marketwatch.com/charts/int-adv.chart?symb=US:DYN&sid=4954633&time=8&freq=1&startdate=0&enddate=0&comp=aaaaa%7E0&compidx=SP500~3377&ma=1&maval=100&uf=7168&lf=1&lf2=4&lf3=0&type=&size=2&style=1013&mocktick=1&rand=931041896

To be clear, the restructuring of Dynegy, Inc. can only take place once the majority of shareholders veto the proposed sale of the Company to affiliates of Blackstone.

According to Mr. Miller, then the real work begins; replace senior management and the Board of Directors, retain key operational personnel, implement a credible and earnings accretive growth plan, put in place new supporting capital facilities to support growth and acquisitions, retire excess debt as discounts to face value, and negotiate the extension of remaining debt maturities, while sharing some of the cash savings with shareholders through a modest special dividend, among many other critical tasks.

The most important task is to re-establish Dynegy, Inc.'s operating credibility in the US marketplace, re-establish the Company's credibility in the capital markets which will enable the Company to grow and prosper.

Why then would any informed shareholder sell their stock for $5/share with energy industry experts like Mr. Miller and other large institutional shareholders with extensive experience in restructuring and turning distressed companies putting their professional reputations, capital and opinions on the line?

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