DYNEGY INC
8-K, 2000-01-06
CRUDE PETROLEUM & NATURAL GAS
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                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549




                                    FORM 8-K


                                      FOR


                                  DYNEGY INC.


                             a Delaware corporation
                   IRS Employer Identification No. 94-3248415
                            SEC File Number 1-11156



                       1000 LOUISIANA STREET, SUITE 5800
                             HOUSTON, TEXAS  77002
                                 (713) 507-6400




                                January 6, 2000


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ITEM 5.  OTHER EVENTS.

     The information in the Press Release dated January 6, 2000 and attached as
Exhibit 99.1 hereto is incorporated herein by reference.


ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

     (a)  Not applicable.

     (b)  Not applicable.

     (c)  Exhibits.

          99.1  Press Release dated January 6, 2000.
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                                   SIGNATURES


     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                       DYNEGY INC.



Date:  January 6, 2000                 By:  /s/ Lisa Q. Metts
                                            -----------------------------------
                                            Lisa Q. Metts
                                            Vice President and Assistant General
                                            Counsel

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                                                                    EXHIBIT 99.1

January 6, 2000

Media:     John Sousa
           (713) 507-3936

Analyst:   Margaret Nollen
           (713) 767-8707

          DYNEGY SAYS THE NEW YORK TIMES AD PRINTED PREMATURELY

HOUSTON (Jan 6, 2000)-Dynegy Inc. today announced that The New York Times
prematurely printed in the January 6 edition an advertisement announcing the
close of the Dynegy-Illinova merger. As Dynegy previously announced on
December 27, 1999 the merger is expected to close in mid-January.

Until the merger is completed, Dynegy will trade under the stock symbol NYSE:
DYN and Illinova will continue to trade under the stock symbol NYSE: ILN.
























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