Dynegy, Telseon to Team Up

Agreement establishes broadband connectivity in 18 major metro markets

May 3, 2001

1 Min Read

HOUSTON -- Dynegy Inc. (NYSE:DYN - news) todayannounced that its subsidiary, Dynegy Global Communications, has enteredinto a network services agreement with Telseon, Inc. to develop an 18 cityall-optical network capable of producing significant, scalable,high-bandwidth solutions between multiple points-of-presence (`POP') in tier1 metro markets. Once deployed, the network provides Dynegy with access toapproximately 85 POPs in select metro areas.Top U.S. markets scheduled for immediate deployment include New York, LosAngeles, Washington, D.C./Northern Virginia, San Francisco, Chicago, Dallas,Atlanta, Denver, Seattle, and Miami. Additional metro networks are scheduledfor completion by the fall of 2001. The agreement provides for expansioninto additional metro areas if demand warrants.

"The network agreement with Telseon is an ideal extension of the DynegyGlobal Communications long-haul network, as it uniquely positions us toprovide our customers with an end-to-end, scalable, high bandwith opticalsolution -- the ultimate wholesale value proposition," said Larry McLernon,chairman and chief executive officer, Dynegy Global Communications. "We arepleased to have structured an innovative alliance that further advances ourstrategy, provides a unique offering, delivers time-to-market savings of 12to 18 months, and remains within our capital expenditures budget."

Dynegy Inc.

Telseon Inc.

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