SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): JANUARY 17, 2003
DYNEGY INC.
(Exact Name of Registrant as Specified in its Charter)
Illinois 1-15659 74-2928353
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
1000 Louisiana, Suite 5800
Houston, Texas 77002
(Address of principal executive offices)
Registrant's telephone number, including area code: (713) 507-6400
Not Applicable
(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS.
On January 17, 2003, Dynegy Inc. ("Dynegy" or the "Company") issued a press
release announcing that it reached agreement with ChevronTexaco to end their
existing natural gas purchase and sale contracts related to ChevronTexaco's
North American production and consumption, effective February 1, 2003. Dynegy
paid ChevronTexaco approximately $11 million in connection with ending the
contracts and the transfer to ChevronTexaco of certain third-party contracts.
Dynegy also agreed to provide ChevronTexaco with services that include agency
arrangements, scheduling, invoicing and accounting through March 31, 2003. This
agreement does not involve the natural gas processing and liquids agreements
between Dynegy Midstream Services and ChevronTexaco, which will continue in
their current forms.
Also on January 17, Dynegy issued a press release indicating that its
senior vice president and controller, Michael R. Mott, resigned for personal
reasons and will be replaced on an interim basis with current vice president and
assistant controller Holli Nichols. Copies of Dynegy's January 17th press
releases are attached hereto as exhibits 99.1 and 99.2, respectively, and are
incorporated herein by this reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
a) Financial Statements of Business Acquired - Not Applicable.
b) Pro Forma Financial Information - Not Applicable.
c) Exhibits:
99.1 Press release of Dynegy Inc. relating to ChevronTexaco natural gas
purchase and sale contracts dated January 17, 2003.
99.2 Press Release of Dynegy Inc. relating to controller position dated
January 17, 2003.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
DYNEGY INC.
BY: /s/ Keith R. Fullenweider
-------------------------
Keith R. Fullenweider
Senior Vice President, Deputy General Counsel and
Secretary
Dated: January 21, 2003