DYNEGY CAPITAL TRUST II
S-3, EX-23.1, 2000-09-26
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                                                                    EXHIBIT 23.1


                   CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS

As independent public accountants, we hereby consent to the incorporation by
reference in this registration statement of our report dated February 28, 2000
included in Dynegy Holding Inc.'s (formerly Dynegy Inc.) Form 10-K for the year
ended December 31, 1999 and to all references to our Firm included in this
registration statement.



                                                             ARTHUR ANDERSEN LLP


Houston, Texas
September 25, 2000


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