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

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8-K - 8-K - DYNEGY HOLDINGS, LLC	a12-22041_18k.htm

Exhibit 99.1

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: July 1 - July 31, 2012

UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF NEW YORK

CORPORATE MONTHLY OPERATING REPORT

Dynegy Northeast

Debtor:

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]

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 Danskammer, 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: July 1 - July 31, 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
	July 1 - July 31, 2012			July 1 - July 31, 2012			July 1 - July 31, 2012			July 1 - July 31, 2012			# 5260			#2269		CURRENT MONTH ACTUAL (TOTAL OF ALL ACCOUNTS)			# 7678			CURRENT MONTH ACTUAL (TOTAL OF ALL ACCOUNTS)

CASH BEGINNING OF MONTH													$	1,117		$	138	$	1,255		$	51,556		$	52,811

RECEIPTS
CASH SALES	$	—		$	—		$	19,164		$	9,503		$	28,667		$	—	$	28,667		$	—		$	28,667
ACCOUNTS RECEIVABLE - PREPETITION	—			—			—			—			—			—		—			—			—
ACCOUNTS RECEIVABLE - POSTPETITION	—			—			—			—			—			—		—			—			—
LOANS AND ADVANCES	—			—			—			—			—			—		—			—			—
SALE OF ASSETS	—			—			—			—			—			—		—			—			—
OTHER (ATTACH LIST)	—			—			226			1,971			2,197			—		2,197			93			2,290
TRANSFERS (FROM DIP ACCTS)	—			—			—			—			—			—		—			—			—
TOTAL RECEIPTS	$	—		$	—		$	19,390		$	11,474		$	30,864		$	—	$	30,864		$	93		$	30,957

DISBURSEMENTS
NET PAYROLL	$	—		$	—		$	(296	)	$	(444	)	$	(740	)	$	—	$	(740	)	$	—		$	(740	)
PAYROLL TAXES	—			—			(202		)	(302		)	(504		)	—		(504		)	—			(504		)
OTHER EMPLOYEE BENEFITS	—			—			(871		)	(1,307		)	(2,178		)	—		(2,178		)	—			(2,178		)
SALES, USE, & OTHER TAXES	—			—			(38		)	—			(38		)	—		(38		)	—			(38		)
INVENTORY PURCHASES	—			—			(13		)	(34		)	(47		)	—		(47		)	—			(47		)
SECURED/ RENTAL/ LEASES	—			—			—			—			—			—		—			—			—
INSURANCE	—			—			—			—			—			—		—			—			—
OPERATING EXPENSES	—			—			(130		)	(685		)	(815		)	—		(815		)	—			(815		)
G & A	—			—			(344		)	(344		)	(688		)	—		(688		)	—			(688		)
FUEL PURCHASES	—			—			(7,642		)	—			(7,642		)	—		(7,642		)	—			(7,642		)
CAPEX	—			—			—			—			—			—		—			—			—
COLLATERAL	—			—			—			—			—			—		—			—			—
BANK FEES	—			—			—			—			—			—		—			—			—
OTHER	—			—			(2,345		)	—			(2,345		)	—		(2,345		)	(17		)	(2,362		)
OWNER DRAW	—			—			—			—			—			—		—			—			—
TRANSFERS (TO DIP ACCTS)	—			—			—			—			—			—		—			—			—
PROFESSIONAL FEES	(3		)	—			—			—			(3		)	—		(3		)	(5,127		)	(5,129		)
U.S. TRUSTEE QUARTERLY FEES	(7		)	(0		)	(13		)	(13		)	(33		)	—		(33		)	—			(33		)
COURT COSTS	—			—			—			—			—			—		—			—			—
TOTAL DISBURSEMENTS	$	(10	)	$	(0	)	$	(11,894	)	$	(3,129	)	$	(15,033	)	$	—	$	(15,033	)	$	(5,143	)	$	(20,176	)

NET CASH FLOW (RECEIPTS LESS DISBURSEMENTS	$	(10	)	$	(0	)	$	7,496		$	8,345		$	15,831		$	—	$	15,831		$	(5,050	)	$	10,781

CASH — END OF MONTH													$	16,948		$	138	$	17,086		$	46,506		$	63,592

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).
[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: July 1 - July 31, 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	$	16,981	$	(26	)	$	—	$	(7	)	$	—	$	138	$	17,086		$	46,506	$	27,006

BANK BALANCE	16,981		—			—		—			—		138		17,119			46,506		27,006
(+) DEPOSITS IN TRANSIT (ATTACH LIST)	—		—			—		—			—		—		—			—		—
(-) OUTSTANDING CHECKS (ATTACH LIST):	—		(26		)	—		(7		)	—		—		(33		)	—		—
OTHER (ATTACH EXPLANATION)	—		—			—		—			—		—		—			—		—

ADJUSTED BANK BALANCE	$	16,981	$	(26	)	$	—	$	(7	)	$	—	$	138	$	17,086		$	46,506	$	27,006

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

[1] The Adjusted Bank Balances represent the total $33K of outstanding checks.

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: July 1 - July 31, 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
	July			November 8 - July 31, 2012			July			November 8 - July 31, 2012			July			November 8 - July 31, 2012			July			November 8 - July 31, 2012			July			November 8 - July 31, 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	$	—		$	(0	)	$	—		$	—		$	—		$	0		$	4		$	1		$	—		$	—
Intercompany Revenues	104			95			—			—			14,552			32,288			7,637			22,795			—			—
Cost of Sales	—			(44		)	—			—			9,341			15,584			4,946			16,733			—			(12		)
Taxes Other than Income	—			—			—			—			—			—			—			—			—			0
Intercompany Cost of Sales	—			—			—			—			90			48			—			(16		)	—			—
Gross Margin	104			139			—			—			5,121			16,656			2,695			6,079			—			12
O&M Costs	44			7,884			—			—			2,708			20,966			2,444			17,975			—			—
Operating Margin	60			(7,745		)	—			—			2,413			(4,310		)	251			(11,896		)	—			12
Depreciation & Amortization	—			—			—			—			—			(4,881		)	—			(2,006		)	—			—
Asset Impairments	—			—			—			—			—			(8		)	—			568			—			—
G & A	266			3,538			—			—			7			73			7			73			—			8,660
Operating Income/(Loss)	(206		)	(11,283		)	—			—			2,406			506			244			(10,531		)	—			(8,648		)
Bankruptcy Reorg charges	(3		)	(972,614		)	(0		)	(1		)	(13		)	72,565			(10		)	(2,736		)	(2,339		)	(576,787		)
Equity Earnings/ (Losses)	—			—			—			—			—			—			—			—			(73,376		)	(1,931,526		)
Interest Income/(Expense)	(105		)	4,991			—			(0		)	(53		)	(5,179		)	(53		)	(1,278		)	8			(932		)
Other Income/(Expense)	—			(4		)	—			—			—			(17		)	—			(1		)	105			467,790
Income/(Loss) before income taxes	(314		)	(978,910		)	(0		)	(1		)	2,340			67,875			181			(14,546		)	(75,602		)	(2,050,103		)
Tax Provision (benefit)	—			—			—			—			—			—			—			—			—			181,005
Income/(Loss) from operations	$	(314	)	$	(978,910	)	$	(0	)	$	(1	)	$	2,340		$	67,875		$	181		$	(14,546	)	$	(75,602	)	$	(2,231,108	)

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: July 1 - July 31, 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
	July			June			July		June		July			June			July			June			July		June

	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	$	17,086		$	1,255		$	—	$	—	$	4		$	4		$	4		$	4		$	46,506	$	51,556
ST Investments - Restricted	—			—			—		—		—			—			—			—			27,006		27,006
AR Affiliates	5,887			138			—		—		—			—			—			—			—		—
Interest Rec Interco	—			—			—		—		—			—			—			—			497		392
Accounts Receivable	—			1			—		—		—			—			—			—			6,446		6,446
Inventory	—			—			—		—		10,337			10,895			16,105			20,395			—		—
Risk Management Assets - Affiliate	—			—			—		—		3,212			2,758			—			1			—		—
Prepaids & Other Assets	1,055			1,160			—		—		3,643			4,457			2,124			2,390			13,425		13,425
Total Current Assets	$	24,028		$	2,554		$	—	$	—	$	17,196		$	18,114		$	18,233		$	22,790		$	93,880	$	98,825

Property, Plant and Equipment:
Property, Plant & Equipment	$	(919,703	)	$	(919,703	)	$	—	$	—	$	719,366		$	719,366		$	467,521		$	467,521		$	—	$	—
Accumulated DD&A	919,703			919,703			—		—		(719,366		)	(719,366		)	(467,521		)	(467,521		)	—		—
Net Property, Plant and Equipment	0			0			—		—		(0		)	(0		)	—			—			—		—
Other Assets:
Investment-Consolidated Subs	285,551			285,551			285,551		285,551		—			—			—			—			4,320,786		4,394,164
LT Notes and AR - IC	—			—			—		—		—			—			—			—			297		297
Net Other Assets	285,551			285,551			285,551		285,551		—			—			—			—			4,321,083		4,394,461
Total Assets	$	309,579		$	288,105		$	285,551	$	285,551	$	17,196		$	18,114		$	18,233		$	22,790		$	4,414,964	$	4,493,286

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: July 1 - July 31, 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
	July			June			July			June			July			June			July			June			July			June

	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	$	348		$	191		$	—		$	—		$	928		$	48		$	147		$	156		$	—		$	—
Accounts Payable-Affiliates	421			1,848			—			—			2			2			4			3			—			—
Intercompany Due To-From	(7,475		)	(30,373		)	1			1			64,178			70,228			220,576			226,091			1,300,484			1,300,316
Interest Accrued	—			—			—			—			—			—			—			—			—			—
Interest Accrued- Intercompany	497			392			—			—			—			—			—			—			18			33
Taxes Accrued	173			147			—			—			6,245			5,254			2,783			2,340			—			—
Other Accrued Liabilities	1,632			1,621			0			0			1,132			776			1,244			965			16,224			19,096
Def Income Taxes — Cur Liab	—			—			—			—			—			—			—			—			0			0
Risk Management Liabilities	—			—			—			—			—			—			7			11			—			—
Risk Management Liabilities - Affiliate	—			—			—			—			2,764			2,221			—			2			—			—
Short Term Debt - I/C	13,000			13,000			—			—			—			—			—			—			—			—
Total Current Liabilities	$	8,596		$	(13,174	)	$	1		$	1		$	75,249		$	78,529		$	224,761		$	229,568		$	1,316,726		$	1,319,445

Long-Term Liabilities:
Liabilities subject to compromise	$	2,482		$	2,482		$	—		$	—		$	497,261		$	497,261		$	90,061		$	90,061		$	4,265,584		$	4,265,584
Long Term Debt - Interco	—			—			—			—			—			—			—			—			12,000			12,000
Def Income Taxes — N Cur Liab	—			—			—			—			—			—			—			—			0			—
Other LT Liabilities	18,782			18,758			—			—			2,775			2,754			7,921			7,853			3,698			3,698
Total Liabilities	29,860			8,066			1			1			575,285			578,544			322,743			327,482			5,598,009			5,600,727

Equity:
Receivables - Affiliates	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	0		$	0
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			4,295,516			4,295,516
Other Comprehensive Income	519			524			—			—			—			—			—			—			109			112
Retained Earnings (Accumulated Deficit)	(2,529,380		)	(2,529,065		)	(259,516		)	(259,516		)	(864,400		)	(866,741		)	(543,265		)	(543,447		)	(5,478,671		)	(5,403,070		)
Total Dynegy Inc Equity	$	279,719		$	280,039		$	285,550		$	285,550		$	(558,089	)	$	(560,430	)	$	(304,510	)	$	(304,692	)	$	(1,183,045	)	$	(1,107,441	)

Total Liabilities & Equity	$	309,579		$	288,105		$	285,551		$	285,551		$	17,196		$	18,114		$	18,233		$	22,790		$	4,414,964		$	4,493,286

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: July 1 - July 31, 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]	—		222,765		222,765		—	—	—		—		—		—		—	—	—
FICA-Employee [1]	—		85,091		85,091		—	—	—		—		—		—		—	—	—
FICA-Employer [1]	—		115,212		115,212		—	—	—		—		—		—		—	—	—
Unemployment	—		—		—		—	—	—		—		—		—		—	—	—
Income	—		—		—		—	—	—		—		—		—		—	—	—
Other:	—		—		—		—	—	—		—		—		—		—	—	—
Total Federal Taxes [1]	$	—	$	423,068	$	423,068	—	—	$	—	$	—	$	—	$	—	—	—	$	—

State and Local
Withholding [1]	—		81,193		81,193		—	—	—		—		—		—		—	—	—
Sales/Use	—		—		—		—	—	—		37,737		28,989		37,737		—	—	28,989
Excise	—		—		—		—	—	—		—		—		—		—	—	—
Unemployment	—		—		—		—	—	—		—		—		—		—	—	—
Real Property [2]	—		—		—		—	—	—		—		—		—		—	—	—
Personal Property	—		—		—		—	—	—		—		—		—		—	—	—
Franchise Tax	147,072		25,795		—		—	—	172,867		—		—		—		—	—	—
Metro Commuter Tax	27,821		5,121		11,640		—	—	21,302		—		—		—		—	—	—
Total State and Local	$	174,893	$	112,109	$	92,833	—	—	$	194,169	$	37,737	$	28,989	$	37,737	—	—	$	28,989

Total Taxes	$	174,893	$	535,177	$	515,901	—	—	$	194,169	$	37,737	$	28,989	$	37,737	—	—	$	28,989



[1]	Payroll taxes are totals from five payroll tax payments made on 7/2, 7/9, 7/16, 7/23, and 7/30 .
[2]	Property taxes in the amount of $6,216,219 for Roseton and $2,783,256 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	$	2,029		$	—	$	—	$	—	$	2,029		$	96,888	$	—	$	—	$	—	$	96,888
Wages Payable [1]	—			—		—		—		—			—		—		—		—		—
Taxes Payable [2]	194,169			—		—		—		194,169			28,989		—		—		—		28,989
Rent/Leases-Building	—			—		—		—		—			—		—		—		—		—
Rent/Leases-Equipment	—			—		—		—		—			—		—		—		—		—
Secured Debt/Adequate Protection Payments	—			—		—		—		—			—		—		—		—		—
Professional Fees	(1,300		)	—		—		—		(1,300		)	16,250		—		—		—		16,250
Amounts Due to Insiders	—			—		—		—		—			—		—		—		—		—
Total Post-petition Debts	$	194,898		$	—	$	—	$	—	$	194,898		$	142,127	$	—	$	—	$	—	$	142,127



[1]	The Debtors are current on Payroll and Wage liabilities.
[2]	Property taxes in the amount of $6,216,219 for Roseton and $2,783,256 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: June 1 - June 31, 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	—		210		210		—	—	—		—		—		—		—	—	—
Excise	—		—		—		—	—	—		—		—		—		—	—	—
Unemployment	—		—		—		—	—	—		—		—		—		—	—	—
Real Property [2]	—		—		—		—	—	—		—		—		—		—	—	—
Personal Property	—		—		—		—	—	—		—		—		—		—	—	—
Franchise Tax	—		—		—		—	—	—		—		—		—		—	—	—
Metro Commuter Tax	—		—		—		—	—	—		—		—		—		—	—	—
Total State and Local	$	—	$	210	$	210	—	—	$	—	$	—	$	—	$	—	—	—	$	—

Total Taxes	$	—	$	210	$	210	—	—	$	—	$	—	$	—	$	—	—	—	$	—

[2]		Property taxes in the amount of $6,216,219 for Roseton and $2,783,256 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	$	248,841	$	—	$	—	$	—	$	248,841	$	—	$	—	$	—	$	—	$	—
Wages Payable [1]	—		—		—		—		—		—		—		—		—		—
Taxes Payable [2]	—		—		—		—		—		—		—		—		—		—
Rent/Leases-Building	—		—		—		—		—		—		—		—		—		—
Rent/Leases-Equipment	—		—		—		—		—		—		—		—		—		—
Secured Debt/Adequate Protection Payments	—		—		—		—		—		—		—		—		—		—
Professional Fees	10,400		—		—		—		10,400		16,126,092		—		—		—		16,126,092
Amounts Due to Insiders	—		—		—		—		—		—		—		—		—		—
Total Post-petition Debts	$	259,241	$	—	$	—	$	—	$	259,241	$	16,126,092	$	—	$	—	$	—	$	16,126,092

[1]		The Debtors are current on Payroll and Wage liabilities.
[2]		Property taxes in the amount of $6,216,219 for Roseton and $2,783,256 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: July 1 - July 31, 2012

STATUS OF POST-PETITION TAXES

MOR - 4

Debtor:

Hudson Power, LLC

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

—

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	108		—		—		—		108
Amounts Due to Insiders	—		—		—		—		—
Total Post-petition Debts	$	108	$	—	$	—	$	—	$	108

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: July 1 - July 31, 2012

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

MOR - 5

Debtor:
Business unit number:

Accounts Receivable Reconciliation	Amount
Total Accounts Receivable at the beginning of the reporting period	$	—
Plus: Amounts billed during the period	—
Less: Amounts collected during the period	—
Total Accounts Receivable at the end of the reporting period	$	—

Accounts Receivable Aging

0-30 Days

31-60
Days

61-90
Days

91+
Days

Total

0 - 30 days old

—

31 - 60 days old

—

61 - 90 days old

—

91+ days old

—

Total Accounts Receivable

—

Less: Bad Debts (Amount considered uncollectible)

—

Net Accounts Receivable

—

Note:

Dynegy Roseton, LLC, Dynegy Danskammer, LLC, Dynegy Holdings, LLC, Dynegy Northeast Generation, Inc., and Hudson Power, LLC have no trade related accounts receivable. The $6.4 million accounts receivable on the DH balance sheet at MOR - 3 relates to taxes receivable.

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: July 1 - July 31, 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		—		2,340,435		10,750,162		4,659,565		US Trustee Fee		—		325		975		108
Akin, Gump		—		674,349		5,075,140		3,647,636				—		—		—		—
FTI Consulting, Inc.		—		116,581		550,770		404,980		TOTAL PAYMENTS TO PROFESSIONALS		$	—	$	325	$	975	$	108
Epiq Bankruptcy Solutions				53,474		225,435		425,328
US Trustee Fee		—		—		23,400		13,000
Dewey and LeBoeuf LLP [1]		—		—		22,919		—
Huff Wilkes LLP [2]		—		—		3,442		—
King and Spalding [2]		—		1,581		32,514		—
Bryan Cave		—		—		—		—
Blackstone		—		128,243		797,145		3,462,017
Davies Ward		—		20,804		20,804		—
ICF Consulting		—		343,257		578,957		—
Kurtzman Carson		—		16,673		39,619		46,835
Quinn Emmanuael		—		58,298		4,132,222		2,941,702
Duff and Phelps		—		—		137,548		—
Ernst & Young LLP				1,360,183		—
Zolfo Cooper		—		12,709		485,617		525,029
TOTAL PAYMENTS TO PROFESSIONALS		$	—	$	5,126,587	$	22,875,694	$	16,126,092

[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.

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

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

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: July 1 - July 31, 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		—		13,000		32,500		16,250		US Trustee Fee		—		13,000		36,400		10,400
Huff Wilkes LLP		—		—		64		—		Huff Wilkes LLP		—		—		64		—
TOTAL PAYMENTS TO PROFESSIONALS		$	—	$	13,000	$	32,564	$	16,250	TOTAL PAYMENTS TO PROFESSIONALS		$	—	$	13,000	$	36,464	$	10,400

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

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

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: July 1 - July 31, 2012

PAYMENTS TO INSIDERS AND PROFESSIONALS

MOR - 6

Dynegy Northeast Generation, Inc.

65500

PROFESSIONALS
NAME	DATE OF COURT ORDER AUTHORIZING PAYMENT	AMOUNT APPROVED		AMOUNT PAID		TOTAL PAID TO DATE		TOTAL INCURRED & UNPAID\
US Trustee Fee [4]		—		6,500		28,275		(1,300		)
King and Spalding		—		—		9,204		—
Dewey and LeBoeuf LLP		—		—		875		—
Huff Wilkes LLP		—		2,751		2,751		—
TOTAL PAYMENTS TO PROFESSIONALS		$	—	$	9,251	$	41,105	$	(1,300	)

[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 July.

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

In re Dynegy Holdings, LLC

Case No. 11 - 38111 (CGM)

Reporting Period: July 1 - July 31, 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
Are any post petition receivables (accounts, notes or loans) due from related parties?	X	X	Post-petition intercompany receivables have been accrued and will be received in the normal course of business. DYPM markets the DNE energy and originally receives the cash before forwarding it to DNE.
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 $6,216,219 for Roseton and $2,783,256 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
Are any amounts owed to post petition creditors delinquent?		X	DH has received invoices for indenture trustee fees which are related to unsecured prepetition debt but which may include postpetition periods. Counsel has recommended that DH not pay these fees in the ordinary course.
Are any wage payments past due?		X
Have any post petition loans been received by the Debtor from any party?		X
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 - September 25, 2012

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