Dynegy Inc. reported third-quarter net income of $22 million on revenue of $446 million, three days after the last of the companies in the power producer’s group emerged from bankruptcy reorganization, Bloomberg News reported today. For the three quarters ended Sept. 30, the net loss was $265 million, Houston-based Dynegy said yesterday in a regulatory filing. Revenue for the nine months totaled $1.07 billion. In August, Dynegy received permission from the bankruptcy judge to sell its non-operating Danskammer plant for $3.5 million and the assumption of environmental cleanup obligations. The collapse of a sale to another purchaser disabled the four so-called operating companies from implementing their plan until Nov. 4, although it was approved when the judge signed a confirmation order in March.
