SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): MARCH 15, 2002
DYNEGY INC.
(Exact Name of Registrant as Specified in its Charter)
Illinois 1-15659 74-2928353
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
1000 Louisiana, Suite 5800
Houston, Texas 77002
(Address of principal executive offices)
Registrant's telephone number, including area code: (713) 507-6400
Not Applicable
(Former name or former address, if changed since last report)
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
The Audit Committee of the Board of Directors of Dynegy Inc. annually considers
and recommends to the Board the selection of Dynegy's independent public
accountants. As recommended by Dynegy's Audit Committee, Dynegy's Board of
Directors on March 15, 2002 decided to no longer engage Arthur Andersen LLP
("Andersen") as Dynegy's independent public accountants and engaged
PricewaterhouseCoopers LLP to serve as Dynegy's independent public accountants
for 2002. The decision to change auditors is not a reflection of Andersen's
capabilities, commitment or quality of service to Dynegy. During its 15-year
relationship with Dynegy as auditor, the Andersen team exhibited the highest
degree of professionalism and quality service. The appointment of
PricewaterhouseCoopers LLP is subject to ratification by Dynegy's shareholders
at the 2002 annual meeting scheduled for May 17, 2002.
Andersen's reports on Dynegy's consolidated financial statements for the past
two years did not contain an adverse opinion or disclaimer of opinion, nor were
they qualified or modified as to uncertainty, audit scope or accounting
principles.
During Dynegy's two most recent fiscal years and through the date of this Form
8-K, there were no disagreements with Andersen on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedure which, if not resolved to Andersen's satisfaction, would have caused
them to make reference to the subject matter in connection with their report on
Dynegy's consolidated financial statements for such years; and there were no
reportable events, as listed in Item 304(a)(1)(v) of Regulation S-K.
Dynegy provided Andersen with a copy of the foregoing disclosures. Attached as
Exhibit 16 is a copy of Andersen's letter, dated March 19, 2002, stating its
agreement with such statements.
During Dynegy's two most recent fiscal years and through the date of this Form
8-K, Dynegy did not consult PricewaterhouseCoopers LLP with respect to the
application of accounting principles to a specified transaction, either
completed or proposed, or the type of audit opinion that might be rendered on
Dynegy's consolidated financial statements, or any other matters or reportable
events listed in Items 304(a)(2)(i) and (ii) of Regulation S-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
c) Exhibits. The following exhibits are filed with this documents.
Exhibit
Number Description
------- -----------
16 Letter from Arthur Andersen LLP to the
Securities and Exchange Commission
dated March 19, 2002
SIGNATURE
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.
BY: /s/ Michael R. Mott
-----------------------------------
Michael R. Mott
Senior Vice President and
Controller
Dated: March 19, 2002
EXHIBIT INDEX
Exhibit
Number Description
------- -----------
16 Letter from Arthur Andersen LLP to the
Securities and Exchange Commission
dated March 19, 2002