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Violation Tracker Individual Record

Company: Dynegy Inc.
Current Parent CompanyVistra Energy
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Penalty: $3,000,000
Year: 2002
Date: September 24, 2002
Offense Group: financial offenses
Primary Offense: accounting fraud or deficiencies
Violation Description: Dynegy Inc., agreed to pay $3 million to settle allegations of accounting improprieties and misleading statements arising from Dynegy's improper accounting for and misleading disclosures relating to a $300 million financing transaction, known as Project Alpha, involving special-purpose entities (SPEs), and Dynegy's overstatement of its energy-trading activity resulting from round-trip or wash trades resulting in neither profit nor loss to either transacting party.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Texas
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: utilities and power generation
Specific Industry of Current Parent: power systems
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.