Court approves Dynegy’s change of venue motion in Enron litigation

HOUSTON, Texas, April 12, 2002 — Energy company Dynegy has succeeded in convincing bankruptcy judges to move Enron’s case against Dynegy to Houston.

Judge Arthur Gonzalez of the U.S. Bankruptcy Court of the Southern District of New York on Friday ruled that Enron’s adversary proceedings against Dynegy be moved to the federal court in Houston, where Judge Melinda Harmon will oversee the proceedings.

In a press release, Dynegy said it appreciated Judge Gonzalez’s careful and reasoned approach to ruling on the change of venue issue. The company believes that moving the proceedings to Houston will provide all parties involved with the most efficient and economical way to resolve this case.

With the issue of venue now resolved, the company looks forward to proceeding with the case as quickly as possible.

Dynegy Inc. is a major energy merchant. Through its global energy delivery network and marketing,logistics and risk management capabilities, Dynegy provides solutions to customers in North America, the United Kingdom and Continental Europe.

The company’s web site is www.dynegy.com.

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