In a second round for a Dynegy acquisition, shareholders are set to vote Jan. 25 whether Carl Ichan, or another investor, like Seneca, should be the victor in the merger. Dynegy\u2019s board urged shareholders to vote for Ichan Dec. 30. Seneca asked shareholders to oust two board members who it deems stand in the way of its acquisition--including the chief executive officer--Jan. 4. Ichan offered $665 million. Seneca claims that\u2019s undervaluing the company. Meanwhile, the Federal Trade Commission approved Ichan\u2019s $665 million bid. The fate of four, or perhaps five, California fossil-fueled power plants remains in the balance. On Nov. 23 a proposed Dynegy merger with The Blackstone Group was terminated after a shareholder vote. A week before, shareholders turned down a then-pending acquisition from Ichan. 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 had gone through, NRG Energy was set to buy out the California facilities--except for South Bay. As it did not, NRG began showing increased interest in California alternative energy. It agreed to buy California Valley Solar, a planned 250 MW facility near San Luis Obispo on Nov. 30. The deal could be up to $450 million. On Dec. 14, NRG announced it would acquire a 290 MW solar plant from First Solar. That project has a 25-year power purchase agreement with Pacific Gas & Electric.