"Competitive pricing and reliability make Dynegyconnect Internet Service a dynamic product for our customers," said Mark Stubbe, president and chief operating officer of Dynegyconnect. "Our goal is to provide network products and services that will help our current and future customers to be competitive in the marketplace."

Dynegyconnect Internet Service, which provides access services at DS3, OC3 and above, features the following specifications and benefits:

• Strong worldwide Internet relationships through multiple peering and transit relationships;
• Combined functionality with Fast Packet Services offered over a single port connection;
• Ability to select and pay for only the bandwidth you need;
• Flat-rate, tiered and burstable billing options;
• Access to online usage data reporting;
• Availability at all Dynegyconnect POP locations;
• Single bill for all Dynegyconnect services;
• Highly competitive SLA; and
• 24x7x365 Network Operations Center (NOC) monitors and maintains the network.

Dynegyconnect L.P., Dynegy Global Communications' North American subsidiary, is developing the first nationwide optically switched data network that will consist of approximately 16,000 route miles and more than 40 points of presence by the fourth quarter of 2001. Dynegyconnect, L.P. is a joint venture of Dynegy Inc. and Telstra Corp. Ltd.

Dynegy Inc. is a leading provider of energy and communications solutions to customers in North America, the United Kingdom and Continental Europe. The company's leadership position extends across the entire convergence value chain, from power generation and wholesale and direct commercial and industrial marketing and trading of power, natural gas, coal, emission allowances, weather derivatives, and broadband to transportation, gathering and processing of natural gas liquids.

Certain statements included in this news release are intended as "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. These statements include assumptions, expectations, predictions, intentions or beliefs about future events. Dynegy cautions that actual future results may vary materially from those expressed or implied in any forward-looking statements. Some of the key factors that could cause actual results to vary from those Dynegy expects include changes in commodity prices for energy or communications products or services; the timing and extent of deregulation of energy markets in the U.S. and Europe; general capital market conditions; the effectiveness of Dynegy's risk management policies and procedures; the liquidity and competitiveness of wholesale trading markets for energy commodities, including the impact of electronic or online trading in these markets; operational factors affecting Dynegy's power generation or Dynegy's midstream natural gas facilities; uncertainties regarding the development of, and competition within, the market for broadband services in the U.S. and Europe; and uncertainties regarding environmental regulations or litigation and other legal or regulatory developments affecting Dynegy's business. More information about the risks and uncertainties relating to these forward-looking statements are found in Dynegy's SEC filings, which are available free of charge on the SEC's web site at http://www.sec.gov.

For more information about Dynegy, please visit the company's Web site at http://www.dynegy.com.