CSR Press Release

NEW YORK, NY - May 14, 2008 - Innovest Strategic Value Advisors, Inc. has released a report on the carbon-risk exposure of Dynegy's proposed coal expansion projects.

Innovest's report on Dynegy offers an analysis of the company's plans to develop six new coal fired power plants. Although the proposed plants differ in capacity, each will increase Dynegy's exposure to impending federal legislation on climate change. The report demonstrates how current and future regulatory structures will continue to shift the competitive balance away from coal fired generation. Therefore, Dynegy's strategic decision to focus on new coal capacity could adversely affect shareholder value.

Senior Analysts Eric Kane and Mario Lopez- Alcalã are the co-authors of the Dynegy report. A recorded Webinar which contains an overview of Innovest's findings is avaivable online. To see the webinar, click here.

Innovest is rated the #1 global provider of "extra-financial" research by Thomson Extel and is the research provider for the Carbon Disclosure Project. For more about Innovest Strategic Value Advisors, click here.

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