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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)
(Amendment No. 4)/1/
Dynegy Inc.
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(Name of Issuer)
Common Stock, $0.01 par value
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(Title of Class of Securities)
26816L 10 2
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(CUSIP Number)
Jack S. Mustoe Alan Talkington
Senior Vice President, Legal Orrick, Herrington & Sutcliffe LLP
NOVA Corporation 400 Sansome Street
645 Seventh Avenue S.W. San Francisco, CA 94111
Calgary, Alberta Canada T2P 4G8 (415) 773-5762
(403) 290-7636
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
August 24, 1998
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13-1(e), 13d-1(f) or 13d-1(g), check the following
box [ ].
Note: Schedules filed in paper format shall include a signed original and
five copies, including all exhibits. See Rule 13d-7(b) for other parties to whom
copies are to be sent.
(Continued on following pages)
(Page 1 of 9 Pages)
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/1/ The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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SCHEDULE 13D
CUSIP NO. 26816L 10 2 Page 2 of 9 Pages
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NAME OF REPORTING PERSONS
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
NOVA Gas Services (U.S.) Inc.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
2 (b) [X]
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SEC USE ONLY
3
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SOURCE OF FUNDS*
4 WC,OO
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_]
5 PURSUANT TO ITEMS 2(d) or 2(e)
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CITIZENSHIP OR PLACE OR ORGANIZATION
6 Delaware
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SOLE VOTING POWER
7 38,789,876
NUMBER OF -----------------------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY 8 -0-
OWNED BY EACH -----------------------------------------------------------------
REPORTING SOLE DISPOSITIVE POWER
PERSON 9 38,789,876
WITH -----------------------------------------------------------------
SHARED DISPOSITIVE POWER
10 -0-
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11 38,789,876
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES* [X]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 25.4%
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TYPE OF REPORTING PERSON*
14 CO
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SCHEDULE 13D
CUSIP NO. 26816L 10 2 Page 3 of 9 Pages
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NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY)
NOVA Corporation
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
2 (b) [X]
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SEC USE ONLY
3
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SOURCE OF FUNDS*
4 WC,OO
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_]
5 PURSUANT TO ITEMS 2(d) or 2(e)
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CITIZENSHIP OR PLACE OR ORGANIZATION
6 Alberta, Canada
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SOLE VOTING POWER
7 -0-
NUMBER OF -----------------------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY 8 38,789,876
OWNED BY EACH -----------------------------------------------------------------
REPORTING SOLE DISPOSITIVE POWER
PERSON 9 -0-
WITH -----------------------------------------------------------------
SHARED DISPOSITIVE POWER
10 38,789,876
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11 38,789,876
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES* [X]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13 25.4%
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TYPE OF REPORTING PERSON*
14 HC
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SCHEDULE 13D
CUSIP NO. 26816L 10 2 Page 4 of 9 Pages
On July 2, 1998, NOVA Corporation, an Alberta, Canada corporation
("NOVA") Limited ("TransCanada") and the ultimate parent of NOVA Gas Services
(U.S.) Inc., merged with TransCanada PipeLines Limited ("TransCanada") and the
commodity chemicals business carried on by NOVA, was split off as a separate
public company. NOVA continues to conduct the commodity chemicals business
through NOVA Chemicals Ltd. and its affiliates. TransCanada conducts the energy
services business formerly carried on by TransCanada, NOVA Gas Transmission Ltd.
and NOVA Gas International Ltd. NOVA Gas Services (U.S.) Inc. (the "Reporting
Person") and NOVA hereby amend the single joint statement on Schedule 13D, as
amended by Amendments 1, 2 and 3 (the "Schedule 13D"), filed with the Securities
and Exchange Commission, which statement relates to the shares of Common Stock,
par value $0.01 (the "Shares") of Dynegy Inc. (known prior to July 6, 1998 as
NGC Corporation), a Delaware corporation (the "Corporation") as follows:
ITEM 2. IDENTITY AND BACKGROUND.
Item 2 shall be deleted and replaced with the following:
(a, b, c and f) This Statement is being filed by (i) NOVA Gas Services
(U.S.) Inc., a Delaware corporation (the "Reporting Person"), and (ii) NOVA
Corporation, an Alberta, Canada, corporation ("NOVA"). The Reporting Person is a
wholly owned subsidiary of NOVA Investments (U.S.) Inc. which is, in turn, a
wholly owned subsidiary of Novamerica Investments Ltd., which is, in turn, a
wholly owned subsidiary of NOVA Chemicals Ltd., which is in turn a wholly owned
subsidiary of NOVA. The principal office of the Reporting Person is 400
Frankfort Road, Monaca, Pennsylvania 15601. The principal office of NOVA is 645
Seventh Avenue S.W., Calgary, Alberta T2P 4G8 Canada.
The principal business of the Reporting Person is to hold NOVA's U.S.
gas services investments. The principal business of NOVA is the manufacturing
and marketing of commodity chemicals.
Schedules I and II which are attached hereto and incorporated herein in
their entirety by reference, set forth the name, residence or business address,
citizenship and certain employment information of each of the officers and
directors of the Reporting Person and NOVA, respectively.
(d) Neither the Reporting Person, nor NOVA, nor to the best knowledge of
either the Reporting Person or NOVA, any entity or person with respect to which
information is provided in response to this Item 2 has, during the last five
years, been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) Neither the Reporting Person, nor NOVA, nor to the best knowledge of
either the Reporting Person or NOVA, any entity or person with respect to which
information is provided in response to this Item has, during the last five
years, been a party to a civil proceeding of a judicial or administrative body
of competent jurisdiction and as a result of such proceeding was or is subject
to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws.
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SCHEDULE 13D
CUSIP NO. 26816L 10 2 Page 5 of 9 Pages
ITEM 4. PURPOSE OF TRANSACTION.
The following shall be added before the last paragraph of Item 4:
On August 24, 1998, NOVA issued a press release stating that it had
engaged the investment banking firm Merrill Lynch & Co. to identify and evaluate
opportunities relating to the divestiture of its ownership in Dynegy. This
decision is part of NOVA's continued implementation of its strategic plan to
concentrate on its commodity chemicals business.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 shall be deleted and replaced with the following:
(a) In computing their respective aggregate percentage ownership of
Common Stock and the percentages of Common Stock owned by the other
parties to the New NGC Stockholders Agreement for purposes of this
Schedule 13D, the Reporting Person and NOVA have relied on the
quarterly report on Form 10-Q for the quarterly period year ended
June 30, 1998, (Commission File No.1-11156) in which the
Corporation reported that 152,778,072 shares of Common Stock were
outstanding. As of the close of business on August 21, 1998, the
Reporting Person is the beneficial owner of 38,789,876 shares of
Common Stock, constituting approximately 25.4% of the shares of
Common Stock outstanding.
In addition to the shares of Common Stock owned by the Reporting
Person, the Reporting Person believes that as of August 21, 1998,
an additional 77,579,752 shares of Common Stock (approximately
50.8%) are subject to the New NGC Stockholders Agreement. The
Reporting Person and NOVA disclaim ownership of any of such shares
of Common Stock.
NOVA does not own any shares of the Corporation directly, but may
be deemed to share beneficial ownership of all of the shares of
Common Stock owned by the Reporting Person by virtue of the
ownership relationship described in Item 2.
To the knowledge of the Reporting Person and NOVA, only the
following persons listed on Schedule I owns any of the
Corporation's Shares:
Name Number of Shares
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Jeffrey M. Lipton 8,450*
A. Terence Poole 4,295
Jack S. Mustoe 774
Robert J. Pierce 500
*Includes 800 shares held indirectly.
The Reporting Person and NOVA disclaim ownership of any such
Shares.
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SCHEDULE 13D
CUSIP NO. 26816L 10 2 Page 6 of 9 Pages
(b) Subject to its obligations under the agreements described in this
Schedule 13D, the Reporting Person has the sole power to vote and
dispose of the 38,789,876 shares of Common Stock owned directly by
it. Although the Reporting Person has sole voting rights, NOVA may
be deemed to share voting and dispositive power with regard to such
shares by virtue of its ownership of 100% of the Reporting Person.
(c) The Reporting Person had no transactions in the shares of Common
Stock in the sixty-day period ended August 24, 1998.
(d) Except as described above, no other person is known to have the
right to receive or the power to direct the receipt of dividends
from or the proceeds from the sale of such shares of Common Stock
beneficially owned by the Reporting Person and NOVA.
(e) Not applicable.
After reasonable inquiry and to the best of the undersigneds'
knowledge and believe, the undersigned hereby certify that the information set
forth in this statement is true, complete and correct.
Dated: August 24, 1998
NOVA CORPORATION
By: /s/ BENTLEY WOUDSTRA
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Name: Bentley Woudstra
Title: Corporate Secretary
NOVA GAS SERVICES (U.S.) INC.
By: /s/ ERNEST V. DEAN
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Name: Ernest V. Dean
Title: Secretary
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SCHEDULE I
Set forth below is the information required by Item 2 of Schedule 13D
for each executive officer and director of NOVA Gas Services (U.S.) Inc.
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NAME DIRECTOR/ CITIZENSHIP PRINCIPAL NAME AND ADDRESS OF EMPLOYER BUSINESS OF
OFFICER OCCUPATION EMPLOYER
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<S> <C> <C> <C> <C> <C>
Ernest V.Dean Director/Officer U.S.A. Secretary NOVA Chemicals See Item 2
400 Frankfort Road
Monaca, Pennsylvania
15061
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John R. Umlah Director/Officer Canada President NOVA Chemicals See Item 2
400 Frankfort Road
Monaca, Pennsylvania
15061
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SCHEDULE II
Set forth below is the information required by Item 2 of Schedule 13D
for each executive officer and director of NOVA Corporation
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NAME OFFICER/ CITIZENSHIP PRINCIPAL NAME AND ADDRESS OF EMPLOYER BUSINESS OF
DIRECTOR OCCUPATION EMPLOYER
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<S> <C> <C> <C> <C> <C>
Dr. F. Peter Boer Director U.S. President and Tiger Scientific, Inc. Science and
Chief Executive 47 Country Road South technology,
Officer of Tiger Village of Golf, Florida 33436 consulting and
Scientific, Inc. U.S.A. investments
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Robert E. Dineen, Jr. Director U.S. Partner of Shearman Shearman & Sterling Attorneys-at-Law
& Sterling 566 Lexington Avenue
New York. N.Y. 10022
U.S.A.
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L. Yves Fortier, Director Canadian Chairman and Senior Ogilvy Renault Barristers and
C.C., Q.C. Partner of Ogilvy 1981 McGill College Avenue, Solicitors
Renault Suite 1200
Montreal, PQ
H3A 3C1
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Kerry L. Hawkins Director Canadian President of Cargill Cargill Limited Grain handlers and
Limited Box 5900 merchants,
300, 240 Graham Avenue transporters and
Winnipeg, MB processors of
R3C 4C5 agricultural
products
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Jeffrey M. Lipton Director/Officer U.S. President and Chief NOVA Corporation See Item 2
Executive Officer 3600 - 801 - 7th Avenue S.W.
of NOVA Corporation Calgary, Alberta
T2P 2N6
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Gerald J. Maier Director Canadian Chairman Emeritus of TransCanada PipeLines Limited Energy services
TransCanada PipeLines 3400, 237 Fourth Avenue S.W.
and Vice Chairman of Calgary, Alberta
NOVA Corporation T2P 5A4
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James M. Edward Director Canadian Chairman of NOVA Newall and Associates See Item 2
(Ted) Newall O.C Corporation 2015, 855 - 2nd Street S.W.
Calgary, Alberta
T2P 4J8
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Dr. Nicholas Pappas Director U.S. President and Chief BioTraces, Inc. Environmental
Executive Officer of 606 Swallow Hollow Road consulting
BioTraces, Inc. Centerville, Delaware 19807
U.S.A.
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Robert J. Pierce, Director U.S. Chairman and Chief Foothills Pipe Line Ltd. Pipeline
Q.C. Executive Officer of c/o 33rd Floor, transportation
Foothills Pipe Lines 707 - 8th Avenue S.W.
Ltd. Calgary, Alberta
T2P
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<TABLE>
<CAPTION>
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NAME OFFICER/ CITIZENSHIP PRINCIPAL NAME AND ADDRESS OF EMPLOYER BUSINESS OF
DIRECTOR OCCUPATION EMPLOYER
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<S> <C> <C> <C> <C> <C>
Janice G. Rennie, Director Canadian President of Research Research Technology Technology
F.C.A. Technology Management Management Inc. consulting
Inc. 720 University Extension Centre
8303 - 112 Street
Edmonton, Alberta
T6G 1K4
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Joseph D. Thompson Director Canadian Chairman of PCL PCL Construction Group Inc. General
Construction Group 5410 - 99th Street construction
Inc. Edmonton, Alberta contractors
T6E 3P4
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Margaret K. Witte Director U.S. Chairman, President Royal Oak Mines Mining company
and CEO of Royal 5501 Lakeview Drive
Oak Mines Kirkland, WA 98033
U.S.A.
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A. Terence Poole Officer Canadian Executive Vice NOVA Corporation See Item 2
President, Finance 3600 - 801 - 7th Avenue S.W.
and Strategy of NOVA Calgary, Alberta
Corporation T2P 2N6
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Daniel W. Boivin Officer Canadian Senior Vice President, NOVA Corporation See Item 2
Olefins/Polyolefins 2300 - 645 - 7th Avenue S.W.
of NOVA Corporation Calgary, Alberta
T2P 2N6
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Wes W. Lucas Officer U.S. Senior Vice President, NOVA Chemicals See Item 2
Styrenics of NOVA 400 Frankfort Road
Corporation Monaca, Pennsylvania
15061
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Wayne E. Lunt Officer Canadian Senior Vice President NOVA Corporation See Item 2
and Chief Financial 3600 - 801 - 7th Avenue S.W.
Officer of NOVA Calgary, Alberta
Corporation T2P 2N6
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Lawrence A. Officer Canadian Senior Vice President, NOVA Corporation See Item 2
MacDonald Corporate Development 800 - 645 - 7th Avenue S.W.
of NOVA Corporation Calgary, Alberta
T2P 2N6
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Jack S. Mustoe Officer Canadian Senior Vice President, NOVA Corporation See Item 2
Legal and General 3600 - 801 - 7th Avenue S.W.
Counsel of NOVA Calgary, Alberta
Corporation T2P 2N6
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Sheila H. O'Brien Officer Canadian Senior Vice President, NOVA Corporation See Item 2
Human Resources, Public 3600 - 801 - 7th Avenue S.W.
Affairs and Investor Calgary, Alberta
Relations of NOVA T2P 2N6
Corporation
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Dale H. Spiess Officer U.S. Senior Vice President, NOVA Corporation See Item 2
Polyethylene Sales and 200 Cliff Mine Road
Marketing of NOVA Pittsburgh, Pennsylvania
Corporation 15275
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John Wheeler Officer U.S. Chief Information NOVA Corporation See Item 2
Officer of NOVA 2300 - 645 - 7th Avenue S.W.
Corporation Calgary, Alberta
T2P 2N6
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