DYNEGY HOLDINGS, LLC - FORM 8-K - EX-99.1

Attached files

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8-K - CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES - DYNEGY HOLDINGS, LLC	a12-7844_18k.htm

Exhibit 99.1

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: February 1 - February 29, 2012

UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF NEW YORK

CORPORATE MONTHLY OPERATING REPORT

Debtor:

Dynegy Northeast
Generation, Inc.

Hudson Power, LLC

Dynegy Roseton, LLC

Dynegy Danskammer, LLC

Dynegy Holdings, LLC

Business unit number:

65500

65501

65502

65503

10001

REQUIRED DOCUMENTS

Form No.

Document
Attached

Explanation
Attached

Document
Attached

Explanation
Attached

Document
Attached

Explanation
Attached

Document
Attached

Explanation
Attached

Document
Attached

Explanation
Attached

Schedule of Cash Receipts and Disbursements

MOR-1

Yes

Bank Reconciliation (or copies of debtor’s bank reconciliations)

MOR-1 (CON’T)

Yes

[1]

Yes

Copies of bank statements

Yes

[1]

Yes

Cash disbursements journals

Yes

[1]

Yes

Statement of Operations

MOR-2

Yes

Balance Sheet

MOR-3

Yes

Status of Post-petition Taxes

MOR-4

Yes

Copies of IRS Form 6123 or payment receipt

Yes

Copies of tax returns filed during reporting period

Yes

Summary of Unpaid Post-petition Debts

MOR-4

Yes

Listing of Aged Accounts Payable

Yes

Accounts Receivable Reconciliation and Aging

MOR-5

[2]

Yes

[2]

Taxes Reconciliation and Aging

MOR-5

Yes

Payments to Insiders and Professional

MOR-6

Yes

Post Petition Status of Secured Notes, Leases Payable

MOR-6

Yes

Debtor Questionnaire

MOR-7

Yes

[1] Dynegy Northeast Generation, Inc. and Dynegy Holdings, LLC are the only two debtor entities with bank accounts.

[2] Dynegy Roseton, LLC, Dynegy Holdings, LLC, Dynegy Northeast Generation, Inc., and Hudson Power, LLC have no trade related accounts receivable.

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: February 1 - February 29, 2012

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

MOR -1

($000)

Debtor:	Dynegy Northeast Generation, Inc.			Hudson Power, LLC		Dynegy Roseton, LLC			Dynegy Danskammer, LLC			Dynegy Northeast Generation, Inc.								Dynegy Holdings, LLC			Total
Business unit number:	65500			65501		65502			65503			65500								10001

	ALLOCATION [1]											BANK ACCOUNTS								BANK ACCOUNTS			BANK ACCOUNTS
	February 1 - February 29, 2012			February 1 - February 29, 2012		February 1 - February 29, 2012			February 1 - February 29, 2012			# 5260			#2269		CURRENT MONTH ACTUAL (TOTAL OF ALL ACCOUNTS)			# 7678			CURRENT MONTH ACTUAL (TOTAL OF ALL ACCOUNTS)

CASH BEGINNING OF MONTH												$	2,766		$	138	$	2,904		$	29,415		$	32,319

RECEIPTS
CASH SALES	$	—		$	—	$	—		$	—		$	—		$	—	$	—		$	—		$	—
ACCOUNTS RECEIVABLE - PREPETITION	—			—		126			129			255			—		255			—			255
ACCOUNTS RECEIVABLE - POSTPETITION	—			—		1,709			352			2,061			—		2,061			—			2,061
LOANS AND ADVANCES	—			—		—			—			—			—		—			—			—
SALE OF ASSETS	—			—		—			—			—			—		—			—			—
OTHER (ATTACH LIST)	—			—		—			—			—			0		0			—			0
TRANSFERS (FROM DIP ACCTS)	2,000			—		—			—			2,000			—		2,000			—			2,000
TOTAL RECEIPTS	$	2,000		$	—	$	1,835		$	481		$	4,316		$	0	$	4,316		$	—		$	4,316

DISBURSEMENTS
NET PAYROLL	$	—		$	—	$	(316	)	$	(473	)	$	(789	)	$	—	$	(789	)	$	—		$	(789	)
PAYROLL TAXES	—			—		(128		)	(192		)	(320		)	—		(320		)	—			(320		)
OTHER EMPLOYEE BENEFITS	—			—		(139		)	(201		)	(340		)	—		(340		)	—			(340		)
SALES, USE, & OTHER TAXES	—			—		(0		)	—			(0		)	—		(0		)	—			(0		)
INVENTORY PURCHASES	—			—		—			—			—			—		—			—			—
SECURED/ RENTAL/ LEASES	—			—		—			—			—			—		—			—			—
INSURANCE	—			—		—			—			—			—		—			—			—
OPERATING EXPENSES	—			—		(210		)	(379		)	(589		)	—		(589		)	—			(589		)
G & A	—			—		(280		)	(280		)	(560		)	—		(560		)	—			(560		)
FUEL PURCHASES	—			—		(209		)	(2,258		)	(2,467		)	—		(2,467		)	—			(2,467		)
CAPEX	—			—		—			—			—			—		—			—			—
COLLATERAL	—			—		—			—			—			—		—			—			—
BANK FEES	—			—		—			—			—			—		—			—			—
OTHER	(1		)	—		—			—			(1		)	—		(1		)	(33		)	(34		)
OWNER DRAW	—			—		—			—			—			—		—			—			—
TRANSFERS (TO DIP ACCTS)	—			—		—			—			—			—		—			(2,000		)	(2,000		)
PROFESSIONAL FEES	—			—		—			—			—			—		—			(2,993		)	(2,993		)
U.S. TRUSTEE QUARTERLY FEES	—			—		—			—			—			—		—			—			—
COURT COSTS	—			—		—			—			—			—		—			—			—
TOTAL DISBURSEMENTS	$	(1	)	$	—	$	(1,282	)	$	(3,783	)	$	(5,066	)	$	—	$	(5,066	)	$	(5,026	)	$	(10,092	)

NET CASH FLOW (RECEIPTS LESS DISBURSEMENTS	$	1,999		$	—	$	553		$	(3,302	)	$	(750	)	$	0	$	(750	)	$	(5,026	)	$	(5,776	)

CASH – END OF MONTH												$	2,016		$	138	$	2,154		$	24,389		$	26,543

Note: DNE also has the following additional Zero-Balance Accounts: Payroll Tax (5302), Payroll (5294), Gross Margin & Clearing (5286), and Capex, Opex, and G&A (5278).

Note: Total outstanding checks for all accounts is $6,464.

[1] Hudson Power, LLC, Dynegy Roseton, LLC, and Dynegy Danskammer, LLC do not have bank accounts. Therefore all cash receipts and disbursements from these entities flow through Dynegy Northeast Generation’s Master Bank Account #5260.

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: February 1 - February 29, 2012

BANK RECONCILIATIONS

Continuation Sheet for MOR-1

($000)

Debtor:	Dynegy Northeast Generation, Inc.																	Dynegy Holdings, LLC
Business unit number:	65500																	10001

	Concentration Account		Capex, Opex & G&A ZBA			Gross Margin & Clearing ZBA		Payroll ZBA			Payroll Tax ZBA		UAA					Concentration Account		Cash Collateral
	# 5260		# 5278 [1]			# 5286		# 5294 [1]			# 5302		# 2269		Total			# 7678		# 0204
BALANCE PER BOOKS	$	2,023	$	(1	)	$	—	$	(6	)	$	—	$	138	$	2,154		$	24,389	$	27,005

BANK BALANCE	2,023		—			—		—			—		138		2,161			24,389		27,005
(+) DEPOSITS IN TRANSIT (ATTACH LIST)	—		—			—		—			—		—		—			—		—
(-) OUTSTANDING CHECKS (ATTACH LIST):	—		(1		)	—		(6		)	—		—		(7		)	—		—
OTHER (ATTACH EXPLANATION)	—		—			—		—			—		—		—			—		—

ADJUSTED BANK BALANCE	$	2,023	$	(1	)	$	—	$	(6	)	$	—	$	138	$	2,154		$	24,389	$	27,005

Note: Dynegy Roseton, LLC, Dynegy Danskammer, LLC, and Hudson Power, LLC do not have bank accounts.

[1] The Adjusted Bank Balances represent the total $6,464 of outstanding checks.

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: February 1 - February 29, 2012

STATEMENT OF OPERATIONS

MOR - 2

($000)

Debtor:	Dynegy Northeast Generation, Inc.						Hudson Power, LLC						Dynegy Roseton, LLC						Dynegy Danskammer, LLC						Dynegy Holdings, LLC
Business unit number:	65500						65501						65502						65503						10001
	February			November 8 - February 29, 2012			February			November 8 - February 29, 2012			February			November 8 - February 29, 2012			February			November 8 - February 29, 2012			February			November 8 - February 29, 2012

	MONTH			CUMULATIVE - FILING TO DATE			MONTH			CUMULATIVE - FILING TO DATE			MONTH			CUMULATIVE - FILING TO DATE			MONTH			CUMULATIVE - FILING TO DATE			MONTH			CUMULATIVE - FILING TO DATE
Revenues	$	—		$	—		$	—		$	—		$	—		$	—		$	(1	)	$	7		$	—		$	—
Intercompany Revenues	—			(9		)	—			—			864			3,807			330			8,467			—			—
Cost of Sales	—			(44		)	—			—			209			715			308			6,641			—			(12		)
Intercompany Cost of Sales	—			—			—			—			(21		)	(21		)	—			(16		)	—			—
Gross Margin	—			35			—			—			676			3,113			21			1,849			—			12
O&M Costs	73			7,634			—			—			2,511			7,901			2,156			6,135			—			—
Operating Margin	(73		)	(7,599		)	—			—			(1,835		)	(4,788		)	(2,135		)	(4,286		)	—			12
Depreciation & Amortization	—			—			—			—			—			(4,881		)	—			(2,006		)	—			—
Asset Impairments	—			—			—			—			—			(8		)	—			568			—			—
G & A	325			1,727			—			—			7			35			7			35			—			4,294
Operating Income/(Loss)	(398		)	(9,326		)	—			—			(1,842		)	66			(2,142		)	(2,883		)	—			(4,282		)
Bankruptcy Reorg charges	—			(970,107		)	—			—			—			569,498			—			86,935			(4,982		)	(357,010		)
Equity Earnings	—			—			—			—			—			—			—			—			(26,411		)	(487,813		)
Interest Expense	(30		)	5,406			(0		)	(1		)	(53		)	(4,927		)	(55		)	(1,027		)	(7		)	(945		)
Other Income/(Expense)	3			0			—			—			—			(6		)	—			(1		)	7,905			30,034
Income (loss) before income taxes	(425		)	(974,027		)	(0		)	(1		)	(1,895		)	564,631			(2,197		)	83,024			(23,495		)	(820,016		)
Tax Provision	—			—			—			—			—			—			—			—			—			181,612
Income (loss) from operations	(425		)	(974,027		)	(0		)	(1		)	(1,895		)	564,631			(2,197		)	83,024			(23,495		)	(1,001,628		)

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: February 1 - February 29, 2012

BALANCE SHEET

MOR - 3

($000)

Debtor:	Dynegy Northeast Generation, Inc.						Hudson Power, LLC				Dynegy Roseton, LLC						Dynegy Danskammer, LLC						Dynegy Holdings, LLC
Business unit number:	65500						65501				65502						65503						10001
	February			January			February		January		February			January			February			January			February		January

	BOOK VALUE AT END OF CURRENT REPORTING MONTH			BOOK VALUE AT END OF PRIOR REPORTING MONTH			BOOK VALUE AT END OF CURRENT REPORTING MONTH		BOOK VALUE AT END OF PRIOR REPORTING MONTH		BOOK VALUE AT END OF CURRENT REPORTING MONTH			BOOK VALUE AT END OF PRIOR REPORTING MONTH			BOOK VALUE AT END OF CURRENT REPORTING MONTH			BOOK VALUE AT END OF PRIOR REPORTING MONTH			BOOK VALUE AT END OF CURRENT REPORTING MONTH		BOOK VALUE AT END OF PRIOR REPORTING MONTH

Assets:
Cash and Cash Equivalents	$	2,154		$	2,903		$	—	$	—	$	4		$	4		$	4		$	4		$	24,389	$	29,415
ST Investments - Restricted	—			—			—		—		—			—			—			—			27,005		27,005
AR Affiliates	195			195			—		—		—			—			—			0			—		—
Interest Rec Interco	—			—			—		—		—			—			—			—			24,241		16,335
Accounts Receivable	—			—			—		—		—			—			5			—			7,130		7,130
Inventory	—			—			—		—		11,674			11,696			24,306			21,989			—		—
Risk Management Assets	—			—			—		—		—			—			—			1			—		—
Risk Management Assets - Affiliate	—			—			—		—		894			—			1			—
Prepaids & Other Assets	2,981			3,085			—		—		8,704			5,480			3,968			2,475			4,425		4,425
Total Current Assets	$	5,330		$	6,183		$	—	$	—	$	21,276		$	17,180		$	28,284		$	24,469		$	87,190	$	84,310

Property, Plant and Equipment:
Property, Plant & Equipment	$	(919,703	)	$	(919,703	)	$	—	$	—	$	719,375		$	719,375		$	468,221		$	468,221		$	—	$	—
Accumulated DD&A	919,703			919,703			—		—		(719,375		)	(719,375		)	(468,221		)	(468,221		)	—		—
Net Property, Plant and Equipment	0			—			—		—		(0		)	—			—			—			—		—
Other Assets:
Investment-Consolidated Subs	285,551			285,551			285,551		285,551		—			—			—			—			5,297,037		5,323,523
LT Notes and AR - IC	—			—			—		—		—			—			—			—			1,250,297		1,250,297
Net Other Assets	285,551			285,551			285,551		285,551		—			—			—			—			6,547,334		6,573,820
Total Assets	$	290,881		$	291,734		$	285,551	$	285,551	$	21,276		$	17,180		$	28,284		$	24,469		$	6,634,524	$	6,658,130

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: February 1 - February 29, 2012

BALANCE SHEET

MOR - 3

($000)

Debtor:	Dynegy Northeast Generation, Inc.						Hudson Power, LLC						Dynegy Roseton, LLC						Dynegy Danskammer, LLC						Dynegy Holdings, LLC
Business unit number:	65500						65501						65502						65503						10001
	February			January			February			January			February			January			February			January			February			January

	BOOK VALUE AT END OF CURRENT REPORTING MONTH			BOOK VALUE AT END OF PRIOR REPORTING MONTH			BOOK VALUE AT END OF CURRENT REPORTING MONTH			BOOK VALUE AT END OF PRIOR REPORTING MONTH			BOOK VALUE AT END OF CURRENT REPORTING MONTH			BOOK VALUE AT END OF PRIOR REPORTING MONTH			BOOK VALUE AT END OF CURRENT REPORTING MONTH			BOOK VALUE AT END OF PRIOR REPORTING MONTH			BOOK VALUE AT END OF CURRENT REPORTING MONTH			BOOK VALUE AT END OF PRIOR REPORTING MONTH

Liabilities And Equity:
Current Liabilities:
Accounts Payable - Third Party	$	1,410		$	976		$	—		$	—		$	50		$	121		$	109		$	249		$	—		$	—
Accounts Payable-Affiliates	1,111			923			—			—			357			357			1,603			1,603			—			—
Intercompany Due To-From	(19,508		)	(18,496		)	1			1			73,776			72,603			222,822			218,963			1,301,193			1,303,243
Interest Accrued	(1		)	—			—			—			—			—			—			—			—			—
Interest Accrued- Intercompany	77			46			—			—			—			—			—			—			9,751			9,751
Taxes Accrued	52			26			—			—			5,216			437			2,340			197			—			—
Other Accrued Liabilities	1,483			1,549			—			—			537			448			770			690			6,045			4,031
Def Income Taxes – Cur Liab	—			—			—			—			—			—			—			—			—			—
Risk Management Liabilities	—			—			—			—			—			—			1			1			—			—
Risk Management Liabilities - Affiliate	—			—			—			—			—			—			1			—
Short Term Debt - I/C	4,000			4,000			—			—			—			—			—			—			—			—
Total Current Liabilities	$	(11,376	)	$	(10,976	)	$	1		$	1		$	79,936		$	73,966		$	227,646		$	221,703		$	1,316,989		$	1,317,025

Long-Term Liabilities:
Liabilities subject to compromise	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	4,012,436		$	4,012,436
Long Term Debt - Interco	—			—			—			—			—			—			—			—			1,262,000			1,262,000
Def Income Taxes – N Cur Liab	—			—			—			—			—			—			—			—			(0		)	(0		)
Other LT Liabilities	17,632			17,581			—			—			2,670			2,649			7,579			7,510			4,299			4,299
Total Liabilities	6,256			6,605			1			1			82,606			76,615			235,225			229,213			6,595,724			6,595,760

Equity:
Receivables - Affiliates	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	(846,462	)	$	(846,462	)
Common Stock Issued - I/C	1			1			—			—			—			—			—			—			—			—
Common Stock-A	—			—			—			—			—			—			—			—			1			1
Addl Paid In Capital	2,808,579			2,808,579			545,066			545,066			306,311			306,311			238,755			238,755			5,134,990			5,134,990
Other Comprehensive Income	541			619			—			—			—			—			—			—			928			1,003
Retained Earnings (Accumulated Deficit)	(2,524,496		)	(2,524,070		)	(259,516		)	(259,516		)	(367,641		)	(365,746		)	(445,696		)	(443,499		)	(4,250,657		)	(4,227,162		)
Total Dynegy Inc Equity	$	284,625		$	285,129		$	285,550		$	285,550		$	(61,330	)	$	(59,435	)	$	(206,941	)	$	(204,744	)	$	38,800		$	62,370

Total Liabilities & Equity	$	290,881		$	291,734		$	285,551		$	285,551		$	21,276		$	17,180		$	28,284		$	24,469		$	6,634,524		$	6,658,130

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: February 1 - February 29, 2012

STATUS OF POST-PETITION TAXES

MOR - 4

Debtor:	Dynegy Northeast Generation, Inc.										Dynegy Roseton, LLC
Business unit number:	65500										65502

Federal	Beginning Tax		Amount Withheld and/or Accrued		Amount Paid		Date Paid	Check # or EFT	Ending Tax		Beginning Tax		Amount Withheld and/or Accrued		Amount Paid		Date Paid	Check # or EFT	Ending Tax
Withholding [1]	—		175,089		175,089		—	—	—		—		—		—		—	—	—
FICA-Employee [1]	—		75,110		75,110		—	—	—		—		—		—		—	—	—
FICA-Employer [1]	—		101,681		101,681		—	—	—		—		—		—		—	—	—
Unemployment	—		323		—		—	—	323		—		—		—		—	—	—
Income	—		—		—		—	—	—		—		—		—		—	—	—
Other:	—		—		—		—	—	—		—		—		—		—	—	—
Total Federal Taxes [1]	$	—	$	352,203	$	351,880	—	—	$	323	$	—	$	—	$	—	—	—	$	—

State and Local
Withholding [1]	—		67,777		67,777		—	—	—		—		—		—		—	—	—
Sales/Use	—		—		—		—	—	—		309		99		408		—	—	—
Excise	—		—		—		—	—	—		—		—		—		—	—	—
Unemployment	—		2,362		—		—	—	2,362		—		—		—		—	—	—
Real Property [2]	—		—		—		—	—	—		—		—		—		—	—	—
Personal Property	—		—		—		—	—	—		—		—		—		—	—	—
Franchise Tax	25,795		25,795		—		—	—	51,590		—		—		—		—	—	—
Metro Commuter Tax	—		2,666		—		—	—	2,666		—		—		—		—	—	—
Total State and Local	$	25,795	$	98,600	$	67,777	—	—	$	56,618	$	309	$	99	$	408	—	—	$	—

Total Taxes	$	25,795	$	450,803	$	419,657	—	—	$	56,941	$	309	$	99	$	408	—	—	$	—

	[1]	Payroll taxes are totals from six payroll tax payments made on 2/1, 2/8, 2/15, 2/16, 2/23, and 2/29.
	[2]	Property taxes in the amount of $5,216,158 for Roseton and $2,340,389 for Danskammer became due on January 31, 2012 and have not been paid. Because of, among other things, the assessment date related to this property tax liability, the Debtors believe that this tax liability is a pre-petition tax liability and, as such, they are current on all post-petition taxes.

SUMMARY OF UNPAID	Dynegy Northeast Generation, Inc.										Dynegy Roseton, LLC
POST-PETITION DEBTS	65500										65502


	Number of Days Past Due										Number of Days Past Due
	Current		31-60		61-90		Over 91		Total		Current		31-60		61-90		Over 91		Total
Accounts Payable	$	1,958,061	$	—	$	—	$	—	$	1,958,061	$	90,719	$	—	$	—	$	—	$	90,719
Wages Payable [1]	—		—		—		—		—		—		—		—		—		—
Taxes Payable [2]	56,941		—		—		—		56,941		—		—		—		—		—
Rent/Leases-Building	—		—		—		—		—		—		—		—		—		—
Rent/Leases-Equipment	—		—		—		—		—		—		—		—		—		—
Secured Debt/Adequate Protection Payments	—		—		—		—		—		—		—		—		—		—
Professional Fees	6,500		—		—		—		6,500		13,000		—		—		—		13,000
Amounts Due to Insiders	—		—		—		—		—		—		—		—		—		—
Total Post-petition Debts	$	2,021,502	$	—	$	—	$	—	$	2,021,502	$	103,719	$	—	$	—	$	—	$	103,719

	[1]	The Debtors are current on Payroll and Wage liabilities.
	[2]	Property taxes in the amount of $5,216,158 for Roseton and $2,340,389 for Danskammer became due on January 31, 2012 and have not been paid. Because of, among other things, the assessment date related to this property tax liability, the Debtors believe that this tax liability is a pre-petition tax liability and, as such, they are current on all post-petition taxes.

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: February 1 - February 29, 2012

STATUS OF POST-PETITION TAXES

MOR - 4

Debtor:

Dynegy Danskammer, LLC

Dynegy Holdings, LLC [3]

Business unit number:

65503

10001

Federal

Beginning
Tax

Amount
Withheld
and/or
Accrued

Amount
Paid

Date Paid

Check # or
EFT

Ending Tax

Beginning
Tax

Amount
Withheld
and/or
Accrued

Amount
Paid

Date Paid

Check # or
EFT

Ending
Tax

Withholding [1]

—

FICA-Employee [1]

—

FICA-Employer [1]

—

Unemployment

—

Income

—

Other:

—

Total Federal Taxes [1]

—

State and Local
Withholding [1]	—		—		—		—	—	—		—		—		—		—	—	—
Sales/Use	1,834		197		2,031		—	—	—		—		—		—		—	—	—
Excise	—		—		—		—	—	—		—		—		—		—	—	—
Unemployment	—		—		—		—	—	—		—		—		—		—	—	—
Real Property [2]	—		—		—		—	—	—		—		—		—		—	—	—
Personal Property	—		—		—		—	—	—		—		—		—		—	—	—
Franchise Tax	—		—		—		—	—	—		—		—		—		—	—	—
Metro Commuter Tax	—		—		—		—	—	—		—		—		—		—	—	—
Total State and Local	$	1,834	$	197	$	2,031	—	—	$	—	$	—	$	—	$	—	—	—	$	—

Total Taxes	$	1,834	$	197	$	2,031	—	—	$	—	$	—	$	—	$	—	—	—	$	—

	[2]	Property taxes in the amount of $5,216,158 for Roseton and $2,340,389 for Danskammer became due on January 31, 2012 and have not been paid. Because of, among other things, the assessment date related to this property tax liability, the Debtors believe that this tax liability is a pre-petition tax liability and, as such, they are current on all post-petition taxes.
	[3]	Dynegy Holdings, LLC is a holding company and has no payroll.

SUMMARY OF UNPAID	Dynegy Danskammer, LLC										Dynegy Holdings, LLC
POST-PETITION DEBTS	65503										10001


	Number of Days Past Due										Number of Days Past Due
	Current		31-60		61-90		Over 91		Total		Current		31-60		61-90		Over 91		Total
Accounts Payable	$	612,052	$	—	$	—	$	—	$	612,052	$	—	$	—	$	—	$	—	$	—
Wages Payable [1]	—		—		—		—		—		—		—		—		—		—
Taxes Payable [2]	—		—		—		—		—		—		—		—		—		—
Rent/Leases-Building	—		—		—		—		—		—		—		—		—		—
Rent/Leases-Equipment	—		—		—		—		—		—		—		—		—		—
Secured Debt/Adequate Protection Payments	—		—		—		—		—		—		—		—		—		—
Professional Fees	13,000		—		—		—		13,000		5,940,410		—		—		—		5,940,410
Amounts Due to Insiders	—		—		—		—		—		—		—		—		—		—
Total Post-petition Debts	$	625,052	$	—	$	—	$	—	$	625,052	$	5,940,410	$	—	$	—	$	—	$	5,940,410

	[1]	The Debtors are current on Payroll and Wage liabilities.
	[2]	Property taxes in the amount of $5,216,158 for Roseton and $2,340,389 for Danskammer became due on January 31, 2012 and have not been paid. Because of, among other things, the assessment date related to this property tax liability, the Debtors believe that this tax liability is a pre-petition tax liability and, as such, they are current on all post-petition taxes.

In re Dynegy Holdings, LLC
Case No. 11 - 38111 (CGM)

Reporting Period: February 1 - February 29, 2012

STATUS OF POST-PETITION TAXES

MOR - 4

Debtor:

Hudson Power, LLC [4]

Business unit number:

65501

Federal

Beginning
Tax

Amount
Withheld
and/or
Accrued

Amount Paid

Date Paid

Check # or
EFT

Ending Tax

Withholding [1]

—

FICA-Employee [1]

—

FICA-Employer [1]

—

Unemployment

—

Income

—

Other:

—

Total Federal Taxes [1]

—

State and Local

Withholding [1]

—

Sales/Use

—

Excise

—

Unemployment

—

Real Property [2]

—

Personal Property

—

Franchise Tax

—

Metro Commuter Tax

—

Total State and Local

—

Total Taxes

—

[4] Hudson Power, LLC has no payroll.

SUMMARY OF UNPAID	Hudson Power, LLC
POST-PETITION DEBTS	65501

	Number of Days Past Due
	Current		31-60		61-90		Over 91		Total
Accounts Payable	$	—	$	—	$	—	$	—	$	—
Wages Payable [1]	—		—		—		—		—
Taxes Payable [2]	—		—		—		—		—
Rent/Leases-Building	—		—		—		—		—
Rent/Leases-Equipment	—		—		—		—		—
Secured Debt/Adequate Protection Payments	—		—		—		—		—
Professional Fees	217		—		—		—		217
Amounts Due to Insiders	—		—		—		—		—
Total Post-petition Debts	$	217	$	—	$	—	$	—	$	217

In re Dynegy Holdings, LLC
Case No. 11 - 38111 (CGM)

Reporting Period: February 1 - February 29, 2012

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

MOR - 5

Debtor:	Dynegy Danskammer, LLC
Business unit number:	65503

Accounts Receivable Reconciliation	Amount [1]
Total Accounts Receivable at the beginning of the reporting period	$	—
Plus: Amounts billed during the period	4,575
Less: Amounts collected during the period	—
Total Accounts Receivable at the end of the reporting period	$	4,575

Accounts Receivable Aging	0-30 Days		31-60 Days		61-90 Days		91+ Days		Total
0 - 30 days old	$	4,575	$	—	$	—	$	—	$	4,575
31 - 60 days old	—		—		—		—		—
61 - 90 days old	—		—		—		—		—
91+ days old	—		—		—		—		—
Total Accounts Receivable	$	4,575	$	—	$	—	$	—	$	4,575

Less: Bad Debts (Amount considered uncollectible)	—		—		—		—		—

Net Accounts Receivable	$	4,575	$	—	$	—	$	—	$	4,575

[1]	Includes only amounts from third party receivables.

Note:	Dynegy Roseton, LLC, Dynegy Holdings, LLC, Dynegy Northeast Generation, Inc., and Hudson Power, LLC have no trade related accounts receivable. The $7.1 million accounts receivable on the DH balance sheet at MOR - 3 relates to taxes receivable.

Note:	The $195K accounts receivable from affiliates on Dynegy Northeast Generation’s balance sheet at MOR - 3 relates to 2011 year end true up entries of $58K due from Dynegy Power Marketing, LLC for the EMA Agreement and $137K from Dynegy, Inc. for the O&M Service Agreement. Both amounts will be settled in March 2012.

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: February 1 - February 29, 2012

PAYMENTS TO INSIDERS AND PROFESSIONALS

MOR - 6

Dynegy Holdings, LLC										Hudson Power, LLC
10001										65501

PROFESSIONALS										PROFESSIONALS
NAME	DATE OF COURT ORDER AUTHORIZING PAYMENT	AMOUNT APPROVED		AMOUNT PAID		TOTAL PAID TO DATE		TOTAL INCURRED & UNPAID		NAME	DATE OF COURT ORDER AUTHORIZING PAYMENT	AMOUNT APPROVED		AMOUNT PAID		TOTAL PAID TO DATE		TOTAL INCURRED & UNPAID
Sidley Austin LLP		—		1,398,566		2,618,584		2,111,433		US Trustee Fee		—		—		325		217
Akin, Gump		—		1,459,844		1,459,844		3,040,156		TOTAL PAYMENTS TO PROFESSIONALS		$	—	$	—	$	325	$	217
FTI Consulting, Inc.		—		—		—		450,000
Epiq Bankruptcy Solutions				78,043		78,043		321,957
US Trustee Fee		—		—		—		6,500
Dewey and LeBoeuf LLP [1]		—		22,919		22,919		—
Huff Wilkes LLP [2]		—		3,443		3,443		—
King and Spalding [2]		—		30,029		30,029		—
Bryan Cave		—		—		—		10,364
Blackstone [3]		—		—		—		—
Davies Ward [3]		—		—		—		—
IFC Resources [3]		—		—		—		—
Kurtzman Carson [3]		—		—		—		—
Quinn Emmanuael [3]		—		—		—		—
Zolfo Cooper [3]		—		—		—		—
TOTAL PAYMENTS TO PROFESSIONALS		$	—	$	2,992,844	$	4,212,862	$	5,940,410

[1] Includes $15,228 payment from Dynegy Holdings on behalf of Dynegy Roseton and Dynegy Danskammer.

[2] Fee paid by Dynegy Holdings on behalf of Dynegy Roseton and Dynegy Danskammer.

[3] The debtors have not received an invoice from the Professional.

Note: Dynegy Holdings does not have a bank account set up to write checks on. Therefore, $10,400 of accrued Q4 US Trustee Fees were paid by DNE.

Note: No payments were made to Insiders from any of the debtor entities in February.

Note: None of the debtors have Secured Notes or Leases Payable.

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: February 1 - February 29, 2012

PAYMENTS TO INSIDERS AND PROFESSIONALS

MOR - 6

Dynegy Roseton, LLC										Dynegy Danskammer, LLC
65502										65503

PROFESSIONALS										PROFESSIONALS
NAME	DATE OF COURT ORDER AUTHORIZING PAYMENT	AMOUNT APPROVED		AMOUNT PAID		TOTAL PAID TO DATE		TOTAL INCURRED & UNPAID		NAME	DATE OF COURT ORDER AUTHORIZING PAYMENT	AMOUNT APPROVED		AMOUNT PAID		TOTAL PAID TO DATE		TOTAL INCURRED & UNPAID
US Trustee Fee		—		—		6,500		13,000		US Trustee Fee		—		—		10,400		13,000
TOTAL PAYMENTS TO PROFESSIONALS		$	—	$	—	$	6,500	$	13,000	TOTAL PAYMENTS TO PROFESSIONALS		$	—	$	—	$	10,400	$	13,000

Note: No payments were made to Insiders from any of the debtor entities in February.

Note: None of the debtors have Secured Notes or Leases Payable.

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: February 1 - February 29, 2012

PAYMENTS TO INSIDERS AND PROFESSIONALS

MOR - 6

Dynegy Northeast Generation, Inc.

665500

PROFESSIONALS
NAME	DATE OF COURT ORDER AUTHORIZING PAYMENT	AMOUNT APPROVED		AMOUNT PAID		TOTAL PAID TO DATE		TOTAL INCURRED & UNPAID\
US Trustee Fee [4]		—		—		15,275		6,500
TOTAL PAYMENTS TO PROFESSIONALS		$	—	$	—	$	15,275	$	6,500

[4] Includes $10,400 payment made on behalf of Dynegy Holdings, LLC.

Note: No payments were made to Insiders from any of the debtor entities in February.

Note: None of the debtors have Secured Notes or Leases Payable.

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: February 1 - February 29, 2012

DEBTOR QUESTIONNAIRE

MOR - 7

Must be completed each month. If the answer to any of the questions is “Yes”, provide a detailed explanation of each item. Attach additional sheets if necessary.	Yes	No	Notes:
Have any assets been sold or transferred outside the normal course of business this reporting period?		X
Have any funds been disbursed from any account other than a debtor in possession account this reporting period?		X
Is the Debtor delinquent in the timely filing of any post-petition tax returns?		X
Are workers compensation, general liability or other necessary insurance coverages expired or cancelled, or has the debtor received notice of expiration or cancellation of such policies?		X
Is the Debtor delinquent in paying any insurance premium payment?		X
Have any payments been made on pre-petition liabilities this reporting period?	X		Certain critical vendors have been paid for pre-petition invoices. All payments have been pre-approved through the established process. Post-petition intercompany receivables have been accrued and will be received in the normal course of business since DYPM markets the DNE energy and originally receives the cash before forwarding it to DNE.
Are any post petition receivables (accounts, notes or loans) due from related parties?	X		Related to Services and EMA agreements.
Are any post petition payroll taxes past due?		X
Are any post petition State or Federal income taxes past due?		X
Are any post petition real estate taxes past due?		X	Property taxes in the amount of $5,216,158 for Roseton and $2,340,389 for Danskammer became due on January 31, 2012 and have not been paid. Because of, among other things, the assessment date related to this property tax liability, the Debtors believe that this tax liability is a pre-petition tax liability and, as such, they are current on all post-petition taxes.
Are any other post petition taxes past due?		X
Have any pre-petition taxes been paid during this reporting period?	X		Transaction taxes
Are any amounts owed to post petition creditors delinquent?		X
Are any wage payments past due?		X
Have any post petition loans been received by the Debtor from any party?	X		Intercompany loans have been extended from DH to other of the debtor entities through the DIP facility. No third party loan activity ocurred.
Is the Debtor delinquent in paying any U.S. Trustee fees?		X
Is the Debtor delinquent with any court ordered payments to attorneys or other professionals?		X
Have the owners or shareholders received any compensation outside of the normal course of business?		X

Note:

This Questionnaire covers Dynegy Holdings, LLC, Dynegy Northeast Generation, Inc., Dynegy Danskammer, LLC, Dynegy Roseton, LLC, and Hudson Power, LLC.

DYNEGY HOLDINGS, LLC - FORM 8-K - EX-99.1 - March 28, 2012

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