Dynegy relinquished its attempt to be acquired by The Blackstone Group Nov. 23, which keeps it running several fossil-fueled California power plants--at least in the short term. Dynegy immediately turned to other potential buyers. Christian Schade, NRG Energy\u2019s chief financial officer, stated Nov. 24 the company is \u201cdisappointed\u201d in the Blackstone\/Dynegy outcome, but that it allows NRG a \u201cwealth\u2019 of opportunities\u201d for other investments. The board will go forward with other alternatives \u201cto maximize shareholder value,\u201d Bruce Williamson, Dynegy chief executive officer, added. \u201cWe will immediately engage interested parties, including Seneca Capital and Icahn Associates, who may have an interest in making an offer to acquire Dynegy.\u201d After Blackstone reported its takeover in August in a deal reported at $4.7 billion, both Seneca and Ichan bought significant blocks of Dynegy stock in order to affect the acquisition. With the termination, Blackstone could get a rejection fee of $16 million. On Nov. 15, Dynegy urged stockholders to reject Ichan\u2019s investment group in favor of Blackstone. It postponed a shareholder vote for a week to allow reconsideration. Just before the rescheduled vote though, Dynegy management issued a statement recognizing that Blackstone\u2019s offer would be rejected. Dynegy owns the 1,000 MW Morro Bay plant, the 2,529 MW Moss Landing facility, the 165MW plant at the Port of Oakland, and the 700 MW South Bay plant. As a part of The Blackstone Group\u2019s deal, NRG Energy was set to buy out the California facilities--except for South Bay. Now that the acquisition is kaput, it frees up cash to develop more solar in the state, according to NRG chief executive officer David Crane. NRG spokespson Lori Neuman said she was unable to be more specific about California investments at press time.