Bloomberg News

Dynegy to Drop PricewaterhouseCoopers as Accountant

April 16, 2007

Dynegy Inc. (DYN:US), a U.S.-based power producer, said it will fire PricewaterhouseCoopers as its accountant and replace the firm with Ernst & Young LLP.

There were no disagreements with PricewaterhouseCoopers on any accounting matters, Houston-based Dynegy said today in a filing with the U.S. Securities and Exchange Commission. Dynegy didn't provide a reason for the change. Spokesman David Byford declined to elaborate on the filing.

Ernst & Young, based in New York, will commence as Dynegy's independent accountant with the review of the company's financial statements for the second quarter of this year. PricewaterhouseCoopers, also based in New York, will complete its review of the first-quarter statements, Dynegy said.

Dynegy issued the filing after the close of regular trading on U.S. stock markets. Its shares fell 25 cents to $9.93 in New York Stock Exchange composite trading today.

To contact the reporter responsible for this story: Greg Chang in San Francisco at gchang1@bloomberg.net.

To contact the editor responsible for this story: Robert Dieterich at rdieterich@bloomberg.net.


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Companies Mentioned

  • DYN
    (Dynegy Inc)
    • $28.86 USD
    • -0.45
    • -1.56%
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