While four California fossil-fueled power plants\u2019 fate hangs in the balance, Dynegy\u2019s potential acquisition was delayed for a week. The stockholder vote scheduled for Nov. 17 was put off to Nov. 23 in order for shareholders to consider a higher bid for the company from The Blackstone Group. Two other investors, Seneca and Carl Ichan, have been trying to woo shareholders and take over the company. Before the planned shareholder vote, The Blackstone Group agreed last minute to an 11 percent increase\/share in its offer. Dynegy stated that its stockholders should take a week to consider this new development. On Nov. 15, Dynegy urged stockholders to reject Ichan\u2019s investment group in favor of Blackstone. Dynegy owns the 1,000 MW Morro Bay plant, the 2,529 MW Moss Landing facility, the 165 MW plant at the Port of Oakland, and the 700 MW South Bay plant. If The Blackstone Group\u2019s deal goes through, NRG Energy is set to buy out the California facilities--except for South Bay. If the deal does not go through, it would free up cash to develop more solar in the state, according to NRG chief executive officer David Crane. At one point earlier in the decade, NRG wanted to get out of the California power plant business so badly that company officials suggested developing its facilities for ocean view condos instead of generating stations. Dynegy was such a financial powerhouse at the turn of the century that it was bidding to buy out Enron when that company was entering bankruptcy.