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Dynegy in Your Area
Dynegy Inc. is an electric utility company based in Houston, Texas, in the United States. It owns and operates a number of power stations in the U.S., all of which are natural gas-fired or coal-fired. The company is located at 601 Travis Street in Downtown Houston. The company was founded in 1984 as Natural Gas Clearinghouse. It was originally an energy brokerage, buying and selling natural gas supplies. It changed its name to NGC Corporation in 1995 after entering the electrical power generation business.
The company adopted the name Dynegy in 1998. It attempted to buy the Enron energy trading firm in 2001, but disengaged from the proposed acquisition due to the scandal at Enron. Dynegy nearly went bankrupt in 2002, and several executives were eventually convicted of financial fraud and mismanagement. Dynegy exited the energy trading business in 2002 and the natural gas supply business in 2005, focusing its efforts on electrical generation. The company has one major subsidiary, Dynegy Holdings. It also has three operating subsidiaries: GasCo, CoalCo, and the "stub group" (for other miscellaneous business enterprises).
Dynegy Inc. was the object of two takeover efforts in 2010. Both failed. Its Dynegy Holdings subsidiary went bankrupt in November 2011, and Dynegy Inc. itself filed for bankruptcy protection on July 6, 2012. Its GasCo and CoalCo subsidiaries were unaffected by the bankruptcy filing. Dynegy emerged from bankruptcy on October 2, 2012.
What to Expect When Interviewing
The interview procedure at Dynegy is straightforward. There is a basic skills assessment
which covers subjects including but not limited to reading, writing, speaking, and simple math. Applicants
must bring their resume with them to the interview. Some applicants go through a phone screening prior to
progressing to an in person interview. Former employees have reported that it is important to show that
you are capable of coping with stressful situations, working in a fast paced setting, have a flexible schedule,
and communicating with colleagues. Once through the screening process, all new hires are required to go through
a formal training.