Amendment No. 1 to Schedule 13-D

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D/A

(Amendment No. 1)*

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

 

 

Dynegy Inc.

(Name of Issuer)

 

 

 

Common Shares, $0.01 par value

(Title of Class of Securities)

 

26817R108

(CUSIP Number)

 

James J. Moloney

Gibson, Dunn & Crutcher LLP

3161 Michelson Drive

Irvine, CA 92612

(949) 451-3800

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

August 7, 2013

(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 §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  ¨

 

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7(b) for other parties to whom copies are to be sent.

 

 

 

*   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 (“Act”) 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).

 

 

 

 

CUSIP No.       26817R108       13D         Page      2     of      20      Pages   

 

  1   

NAME OF REPORTING PERSONS.

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Luminus Management, LLC

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  ¨        (b)  ¨

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

OO; WC

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)  ¨

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

      7    

SOLE VOTING POWER

 

0

     8   

SHARED VOTING POWER

 

8,947,790

     9   

SOLE DISPOSITIVE POWER

 

0

   10   

SHARED DISPOSITIVE POWER

 

8,947,790

11

  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

8,947,790

12

  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)  ¨

 

13

  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

8.95% *

14

  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

IA

 

* Based on 100,030,967 Shares outstanding as of July 26, 2013, as reported in the Form 10-Q filed by the Issuer with the Securities and Exchange Commission on August 1, 2013.

CUSIP No.       26817R108       13D         Page      3     of      20      Pages   

 

  1   

NAME OF REPORTING PERSONS.

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Luminus Energy Partners Master Fund, Ltd.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  ¨        (b)  ¨

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

OO; WC

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)  ¨

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Bermuda

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

      7    

SOLE VOTING POWER

 

0

     8   

SHARED VOTING POWER

 

8,947,790

     9   

SOLE DISPOSITIVE POWER

 

0

   10   

SHARED DISPOSITIVE POWER

 

8,947,790

11

  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

8,947,790

12

  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)  ¨

 

13

  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

8.95% *

14

  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

OO

 

* Based on 100,030,967 Shares outstanding as of July 26, 2013, as reported in the Form 10-Q filed by the Issuer with the Securities and Exchange Commission on August 1, 2013.

CUSIP No.       26817R108       13D         Page      4     of      20      Pages   

 

  1   

NAME OF REPORTING PERSONS.

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Vega Asset Partners, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  ¨        (b)  ¨

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

OO; WC

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)  ¨

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

      7    

SOLE VOTING POWER

 

0

     8   

SHARED VOTING POWER

 

8,947,790

     9   

SOLE DISPOSITIVE POWER

 

0

   10   

SHARED DISPOSITIVE POWER

 

8,947,790

11

  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

8,947,790

12

  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)  ¨

 

13

  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

8.95% *

14

  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

 

* Based on 100,030,967 Shares outstanding as of July 26, 2013, as reported in the Form 10-Q filed by the Issuer with the Securities and Exchange Commission on August 1, 2013.

CUSIP No.       26817R108       13D         Page      5     of      20      Pages   

 

 

  1   

NAME OF REPORTING PERSONS.

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Vega Energy GP, LLC

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  ¨        (b)  ¨

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

OO; WC

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)  ¨

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

      7    

SOLE VOTING POWER

 

0

     8   

SHARED VOTING POWER

 

8,947,790

     9   

SOLE DISPOSITIVE POWER

 

0

   10   

SHARED DISPOSITIVE POWER

 

8,947,790

11

  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

8,947,790

12

  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)  ¨

 

13

  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

8.95% *

14

  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

OO

 

* Based on 100,030,967 Shares outstanding as of July 26, 2013, as reported in the Form 10-Q filed by the Issuer with the Securities and Exchange Commission on August 1, 2013.

CUSIP No.       26817R108       13D         Page      6     of      20      Pages   

 

 

  1   

NAME OF REPORTING PERSONS.

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Luminus Special Opportunities I Onshore, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  ¨        (b)  ¨

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

OO; WC

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)  ¨

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

      7    

SOLE VOTING POWER

 

0

     8   

SHARED VOTING POWER

 

8,947,790

     9   

SOLE DISPOSITIVE POWER

 

0

   10   

SHARED DISPOSITIVE POWER

 

8,947,790

11

  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

8,947,790

12

  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)  ¨

 

13

  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

8.95% *

14

  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

 

* Based on 100,030,967 Shares outstanding as of July 26, 2013, as reported in the Form 10-Q filed by the Issuer with the Securities and Exchange Commission on August 1, 2013.

CUSIP No.       26817R108       13D         Page      7     of      20      Pages   

 

 

  1   

NAME OF REPORTING PERSONS.

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Luminus Special Opportunities I PIE Master, L.P.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  ¨        (b)  ¨

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

OO; WC

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)  ¨

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

      7    

SOLE VOTING POWER

 

0

     8   

SHARED VOTING POWER

 

8,947,790

     9   

SOLE DISPOSITIVE POWER

 

0

   10   

SHARED DISPOSITIVE POWER

 

8,947,790

11

  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

8,947,790

12

  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)  ¨

 

13

  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

8.95% *

14

  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

 

* Based on 100,030,967 Shares outstanding as of July 26, 2013, as reported in the Form 10-Q filed by the Issuer with the Securities and Exchange Commission on August 1, 2013.

CUSIP No.       26817R108       13D         Page      8     of      20      Pages   

 

 

  1   

NAME OF REPORTING PERSONS.

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Luminus Special Opportunities I Master Fund, Ltd.

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  ¨        (b)  ¨

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

OO; WC

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)  ¨

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

      7    

SOLE VOTING POWER

 

0

     8   

SHARED VOTING POWER

 

8,947,790

     9   

SOLE DISPOSITIVE POWER

 

0

   10   

SHARED DISPOSITIVE POWER

 

8,947,790

11

  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

8,947,790

12

  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)  ¨

 

13

  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

8.95% *

14

  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

OO

 

* Based on 100,030,967 Shares outstanding as of July 26, 2013, as reported in the Form 10-Q filed by the Issuer with the Securities and Exchange Commission on August 1, 2013.

CUSIP No.       26817R108       13D         Page      9     of      20      Pages   

 

 

  1   

NAME OF REPORTING PERSONS.

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

LSP Credit Advisors I, LLC

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  ¨        (b)  ¨

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

OO; WC

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)  ¨

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

      7    

SOLE VOTING POWER

 

0

     8   

SHARED VOTING POWER

 

8,947,790

     9   

SOLE DISPOSITIVE POWER

 

0

   10   

SHARED DISPOSITIVE POWER

 

8,947,790

11

  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

8,947,790

12

  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)  ¨

 

13

  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

8.95% *

14

  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

IA

 

* Based on 100,030,967 Shares outstanding as of July 26, 2013, as reported in the Form 10-Q filed by the Issuer with the Securities and Exchange Commission on August 1, 2013.

CUSIP No.       26817R108       13D         Page      10     of      20      Pages   

 

 

  1   

NAME OF REPORTING PERSONS.

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Luminus Credit I, LLC

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  ¨        (b)  ¨

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

OO; WC

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)  ¨

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

      7    

SOLE VOTING POWER

 

0

     8   

SHARED VOTING POWER

 

8,947,790

     9   

SOLE DISPOSITIVE POWER

 

0

   10   

SHARED DISPOSITIVE POWER

 

8,947,790

11

  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

8,947,790

12

  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)  ¨

 

13

  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

8.95% *

14

  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

OO

 

* Based on 100,030,967 Shares outstanding as of July 26, 2013, as reported in the Form 10-Q filed by the Issuer with the Securities and Exchange Commission on August 1, 2013.

CUSIP No.       26817R108       13D         Page      11     of      20      Pages   

 

 

  1   

NAME OF REPORTING PERSONS.

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).

 

Luminus Related I, LLC

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  ¨        (b)  ¨

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

OO; WC

  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)  ¨

 

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

      7    

SOLE VOTING POWER

 

0

     8   

SHARED VOTING POWER

 

8,947,790

     9   

SOLE DISPOSITIVE POWER

 

0

   10   

SHARED DISPOSITIVE POWER

 

8,947,790

11

  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

8,947,790

12

  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)  ¨

 

13

  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

8.95% *

14

  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

OO

 

* Based on 100,030,967 Shares outstanding as of July 26, 2013, as reported in the Form 10-Q filed by the Issuer with the Securities and Exchange Commission on August 1, 2013.

CUSIP No.       26817R108       13D         Page      12     of      20      Pages   

 

Item 1. Security and Issuer.

This statement (“Amendment”) constitutes Amendment No. 1 to the Schedule 13D (“Schedule 13D”) relating to the Common Shares, par value $0.01 (the “Shares”), of Dynegy Inc., a Delaware corporation (the “Issuer”), and hereby amends the initial statement on Schedule 13D filed with the Securities and Exchange Commission (the “SEC”) on October 11, 2012. All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D.

Item 2. Identity and Background.

This statement is being filed by Luminus Management, LLC (“Luminus Management”), Luminus Energy Partners Master Fund, Ltd. (“Luminus Energy Fund”), Vega Asset Partners, L.P., (“Vega Asset Partners”), Vega Energy GP, LLC (“Vega Energy”), Luminus Special Opportunities I Onshore, L.P. (“Luminus I Onshore”), Luminus Special Opportunities I PIE Master, L.P. (“Luminus I PIE Master”), Luminus Special Opportunities I Master Fund, Ltd. (“Luminus I Master Fund”), LSP Credit Advisors I, LLC (“LSP Advisors”), Luminus Credit I, LLC (“Luminus Credit”) and Luminus Related I, LLC (“Luminus Related”).

Luminus Management, Luminus Energy Fund, Luminus I Onshore, Luminus I PIE Master and Luminus I Master Fund are together referred to herein as the “Luminus Entities.” Vega Asset Partners and Vega Energy are together referred to herein as the “Vega Entities.” LSP Advisors, Luminus Credit and Luminus Related are together referred to herein as the “LSP Entities.”

The Luminus Entities, LSP Entities and Vega Entities are together referred to herein as the “Reporting Persons,” and each of them are individually referred to herein as a “Reporting Person.”

Luminus Management is the manager of Luminus Energy Fund. Luminus Energy Fund is the record owner of 4,123,238 Shares. Due to its relationship with Luminus Energy Fund, Luminus Management may be deemed to have shared voting and investment power with respect to the Shares owned by Luminus Energy Fund. As such, Luminus Management may be deemed to have shared beneficial ownership of the Shares of which Luminus Energy Fund is the owner. Luminus Management, however, disclaims beneficial ownership of such Shares.

Luminus Management is the manager of Luminus I Onshore. Luminus I Onshore is the record owner of 317,049 Shares. Due to its relationship with Luminus I Onshore, Luminus Management may be deemed to have shared voting and investment power with respect to the Shares owned by Luminus I Onshore. As such, Luminus Management may be deemed to have shared beneficial ownership of the Shares of which Luminus I Onshore is the owner. Luminus Management, however, disclaims beneficial ownership of such Shares.

Luminus Management is the manager of Luminus I PIE Master. Luminus I PIE Master is the record owner of 534,485 Shares. Due to its relationship with Luminus I PIE Master, Luminus Management may be deemed to have shared voting and investment power with respect to the Shares owned by Luminus I PIE Master. As such, Luminus Management may be deemed to have shared beneficial ownership of the Shares of which Luminus I PIE Master is the owner.

CUSIP No.       26817R108       13D         Page      13     of      20      Pages   

 

Luminus Management, however, disclaims beneficial ownership of such Shares.

Luminus Management is the manager of Luminus I Master Fund. Luminus I Master Fund is the record owner of 897,175 Shares. Due to its relationship with Luminus I Master Fund, Luminus Management may be deemed to have shared voting and investment power with respect to the Shares owned by Luminus I Master Fund. As such, Luminus Management may be deemed to have shared beneficial ownership of the Shares of which Luminus I Master Fund is the owner. Luminus Management, however, disclaims beneficial ownership of such Shares.

Jonathan Barrett directly (whether through ownership interest or position) may be deemed to control the Luminus Entities and have shared voting and investment power with respect to the Shares owned by Luminus Energy Fund, Luminus I Onshore, Luminus I PIE Master and Luminus I Master Fund. As such, Mr. Barrett may be deemed to have shared beneficial ownership of the Shares owned by Luminus Energy Fund, Luminus I Onshore, Luminus I PIE Master and Luminus I Master Fund. Mr. Barrett, however, disclaims beneficial ownership of such Shares. Mr. Barrett’s current principal occupation is president and manager of Luminus Management.

Vega Energy is the General Partner of Vega Assets Partners. Vega Asset Partners is the record owner of 1,461,266 Shares. Due to its relationship with Vega Asset Partners, Vega Energy may be deemed to have shared voting and investment power with respect to the Shares owned by Vega Asset Partners. As such, Vega Energy may be deemed to have shared beneficial ownership of the Shares of which Vega Asset Partners is the owner. Vega Energy, however, disclaims beneficial ownership of such Shares.

Paul Segal directly (whether through ownership interest or position) may be deemed to control the Vega Entities and have shared voting and investment power with respect to the Shares owned by Vega Asset Partners. As such, Mr. Segal may be deemed to have shared beneficial ownership of the Shares owned by Vega Asset Partners. Mr. Segal, however, disclaims beneficial ownership of such Shares. Mr. Segal is the president of Vega Energy.

LSP Advisors is the manager of Luminus Credit. Luminus Credit is the record owner of 1,210,253 Shares. Due to its relationship with Luminus Credit, LSP Advisors may be deemed to have shared voting and investment power with respect to the Shares owned by Luminus Credit. As such, LSP Advisors may be deemed to have shared beneficial ownership of the Shares of which Luminus Credit is the owner. LSP Advisors, however, disclaims beneficial ownership of such Shares.

LSP Advisors is the manager of Luminus Related. Luminus Related is the record owner of 404,324 Shares. Due to its relationship with Luminus Related, LSP Advisors may be deemed to have shared voting and investment power with respect to the Shares owned by Luminus Related. As such, LSP Advisors may be deemed to have shared beneficial ownership of the Shares of which Luminus Related is the owner. LSP Advisors, however, disclaims beneficial ownership of such Shares.

Paul Segal directly (whether through ownership interest or position) may be deemed to control the LSP Entities and have shared voting and investment power with respect to the Shares owned by LSP Advisors, Luminus Credit and Luminus Related. As such, Mr. Segal may be

CUSIP No.       26817R108       13D         Page      14     of      20      Pages   

 

deemed to have shared beneficial ownership of the Shares owned by LSP Advisors, Luminus Credit and Luminus Related. Mr. Segal, however, disclaims beneficial ownership of such Shares. Mr. Segal is the president of LSP Credit Advisors.

Each Reporting Person, other than Luminus Energy Fund, Luminus I PIE Master and Luminus I Master Fund, is organized in the state of Delaware. Luminus Energy Fund is organized under the laws of Bermuda. Luminus I PIE Master and Luminus I Master Fund are organized under the laws of the Cayman Islands. The principal business of each Reporting Person is to engage in the business of investing in securities and other investment opportunities. The principal business address of each Reporting Person is 1700 Broadway, 38th Floor, New York, NY 10019.

During the last five years, none of the Reporting Persons or any of the natural persons described in this Item 2 has been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, is or was 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.

Item 3. Source and Amount of Funds or Other Consideration.

As of the date hereof, the Reporting Persons are deemed to beneficially own an aggregate of 8,947,790 Shares, as detailed in Item 5. The Reporting Persons initially acquired an aggregate of 8,085,188 of these Shares pursuant to the Issuer’s plan of reorganization, which was confirmed on September 10, 2012, a copy of which was filed by the Issuer on Form 8-A on October 1, 2012 and is incorporated by reference herein. Since the Issuer’s emergence from bankruptcy, the Reporting Persons have purchased and/or sold additional Shares on the open market. Such purchases and sales were made using working capital and/or from borrowings pursuant to margin accounts maintained in the ordinary course of business.

Item 4. Purpose of Transaction.

No Change.

Item 5. Interest in Securities of the Issuer.

(a) As of August 7, 2013, the Reporting Persons beneficially own in the aggregate 8,947,790 Shares, representing approximately 8.95% of the outstanding Shares. Luminus Energy Fund is the record owner of 4,123,238 Shares, representing approximately 4.1% of the outstanding Shares. Vega Asset Partners is the record owner of 1,461,266 Shares, representing approximately 1.5% of the outstanding Shares. Luminus I Onshore is the record owner of 317,049 Shares, representing approximately 0.3% of the outstanding Shares. Luminus I PIE Master is the record owner of 534,485 Shares, representing approximately 0.5% of the outstanding Shares. Luminus I Master Fund is the record owner of 897,175 Shares, representing approximately 0.9% of the outstanding Shares. Luminus Credit is the record owner of 1,210,253 Shares, representing approximately 1.2% of the outstanding Shares. Luminus Related is the record owner of 404,324 Shares, representing approximately 0.4% of the outstanding Shares.

(b)

 

Reporting Persons

    Number of Shares
with Sole Voting
and Dispositive
Power		      Number of  Shares
with Shared Voting
and Dispositive Power		      Aggregate Number
of  Shares
Beneficially Owned		      Percentage of
Class
Beneficially
Owned*		  

Luminus Management, LLC

      0         8,947,790         8,947,790         8.95 % 

Luminus Energy Partners Master Fund, Ltd.

      0         8,947,790         8,947,790         8.95 % 

Vega Asset Partners, L.P.

      0         8,947,790         8,947,790         8.95 % 

Vega Energy GP, LLC

      0         8,947,790         8,947,790         8.95 % 

Luminus Special Opportunities I Onshore, L.P.

      0         8,947,790         8,947,790         8.95 % 

Luminus Special Opportunities I PIE Master, L.P.

      0         8,947,790         8,947,790         8.95 % 

Luminus Special Opportunities I Master Fund, Ltd

      0         8,947,790         8,947,790         8.95 % 

LSP Credit Advisors I, LLC

      0         8,947,790         8,947,790         8.95 % 

Luminus Credit I, LLC

      0         8,947,790         8,947,790         8.95 % 

Luminus Related I, LLC

      0         8,947,790         8,947,790         8.95 % 

 

* Based on 100,030,967 Shares outstanding as of July 26, 2013, as reported in the Form 10-Q filed by the Issuer with the Securities and Exchange Commission on August 1, 2013.

CUSIP No.       26817R108       13D         Page      15     of      20      Pages   

 

By virtue of the relationships among the Reporting Persons described herein, the Reporting Persons may be deemed to constitute a “group,” which “group” may be deemed to beneficially own an aggregate of 8,947,790 Shares, representing approximately 8.95% of the outstanding Shares. The percentages used herein are based on the 100,030,967 Shares outstanding as of July 26, 2013, as reported in the Form 10-Q filed by the Issuer with the Securities and Exchange Commission on August 1, 2013.

(c) All transactions in the Shares effected during the past 60 days by the Reporting Persons are set forth in Annex A, attached to this Schedule 13D and incorporated herein by reference.

(d) Not applicable.

(e) Not applicable.

Item 6. Contracts, Arrangements, Undertakings or Relationships with Respect to Securities of the Issuer.

Not Applicable.

Item 7. Material To Be Filed As Exhibits.

 

Exhibit

No.

   

Description

7.1    Joint Filing Agreement, dated October 11, 2012 (incorporated by reference to Exhibit 7.1 to the Schedule 13D filed with the Securities and Exchange Commission by the Reporting Persons on October 11, 2012).
7.2    Power of Attorney, dated October 11, 2012 (incorporated by reference to Exhibit 7.2 to the Schedule 13D filed with the Securities and Exchange Commission by the Reporting Persons on October 11, 2012).
7.3    Joint Chapter 11 Plan of Reorganization for Dynegy Holdings, LLC and Dynegy, Inc., confirmed September 10, 2012 (incorporated by reference to Exhibit 2.1 to the Issuer’s Form 8-A filed with the Securities and Exchange Commission on October 1, 2012).

CUSIP No.       26817R108       13D         Page      16     of      20      Pages   

 

SIGNATURES

After reasonable inquiry and to the best of their knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: August 7, 2013

 

Luminus Management, LLC
By:  

/s/  Jonathan Barrett

Name:   Jonathan Barrett
Title:   President
Luminus Energy Partners Master Fund, Ltd.
By:   Luminus Management, LLC
Its:   Investment Manager
By:  

/s/  Jonathan Barrett

Name:   Jonathan Barrett
Title:   President
Vega Asset Partners, L.P.
By:  

/s/  Paul Segal

Name:   Paul Segal
Title:   President
Vega Energy GP, LLC
By:  

/s/  Paul Segal

Name:   Paul Segal
Title:   President
Luminus Special Opportunities I Onshore, L.P.
By:   Luminus Management, LLC
Its:   Investment Manager
By:  

/s/  Jonathan Barrett

Name:   Jonathan Barrett
Title:   President

CUSIP No.       26817R108       13D         Page      17     of      20      Pages   

 

 

Luminus Special Opportunities I PIE Master, L.P.
By:   Luminus Management, LLC
Its:   Investment Manager
By:  

/s/ Jonathan Barrett

Name:   Jonathan Barrett
Luminus Special Opportunities I Master Fund, Ltd.
By:   Luminus Management, LLC
Its:   Investment Manager
By:  

/s/ Jonathan Barrett

Name:   Jonathan Barrett
Title:   President
LSP Credit Advisors I, LLC
By:  

/s/ Paul Segal

Name:   Paul Segal
Title:   President
Luminus Credit I, LLC
By:   LSP Credit Advisors I, LLC
Its:   Investment Manager
By:  

/s/ Paul Segal

Name:   Paul Segal
Title:   President
Luminus Related I, LLC
By:   LSP Credit Advisors I, LLC
Its:   Investment Manager
By:  

/s/ Paul Segal

Name:   Paul Segal
Title:   President

CUSIP No.       26817R108       13D         Page      18     of      20      Pages   

 

ANNEX A TO SCHEDULE 13D

 

PARTY EFFECTING TRANSACTION

    DATE      BUY/SELL    QUANTITY      PRICE*  

LUMINUS ENERGY PARTNERS MASTER FUND LTD

      6/11/2013       BUY      133,333       $ 22.50   

LUMINUS ENERGY PARTNERS MASTER FUND LTD

      6/13/2013       BUY      50,000       $ 21.75   

LUMINUS ENERGY PARTNERS MASTER FUND LTD

      6/13/2013       BUY      75,000       $ 21.90   

LUMINUS ENERGY PARTNERS MASTER FUND LTD

      6/13/2013       SELL      25,000       $ 22.29   

LUMINUS ENERGY PARTNERS MASTER FUND LTD

      6/13/2013       SELL      25,000       $ 22.50   

LUMINUS ENERGY PARTNERS MASTER FUND LTD

      6/13/2013       SELL      21,500       $ 22.75   

LUMINUS ENERGY PARTNERS MASTER FUND LTD

      6/17/2013       SELL      25,000       $ 23.01   

LUMINUS ENERGY PARTNERS MASTER FUND LTD

      6/20/2013       BUY      66,700       $ 21.79   

LUMINUS ENERGY PARTNERS MASTER FUND LTD

      6/24/2013       SELL      8,000       $ 22.52   

LUMINUS ENERGY PARTNERS MASTER FUND LTD

      6/25/2013       BUY      10,000       $ 22.15   

LUMINUS ENERGY PARTNERS MASTER FUND LTD

      6/26/2013       BUY      33,333       $ 22.00   

LUMINUS ENERGY PARTNERS MASTER FUND LTD

      6/27/2013       BUY      100       $ 21.61   

LUMINUS ENERGY PARTNERS MASTER FUND LTD

      6/28/2013       BUY      6,700       $ 22.05   

LUMINUS ENERGY PARTNERS MASTER FUND LTD

      6/28/2013       SELL      18,700       $ 22.82   

LUMINUS ENERGY PARTNERS MASTER FUND LTD

      6/28/2013       SELL      21,000       $ 22.58   

LUMINUS ENERGY PARTNERS MASTER FUND LTD

      7/1/2013       SELL      33,300       $ 22.80   

LUMINUS ENERGY PARTNERS MASTER FUND LTD

      7/11/2013       SELL      50,000       $ 21.80   

LUMINUS ENERGY PARTNERS MASTER FUND LTD

      7/12/2013       SELL      11,800       $ 21.91   

LUMINUS ENERGY PARTNERS MASTER FUND LTD

      7/12/2013       SELL      50,000       $ 21.75   

LUMINUS ENERGY PARTNERS MASTER FUND LTD

      7/17/2013       SELL      184,000       $ 22.35   

LUMINUS ENERGY PARTNERS MASTER FUND LTD

      8/1/2013       BUY      53,400       $ 20.00   

LUMINUS ENERGY PARTNERS MASTER FUND LTD

      8/1/2013       BUY      66,700       $ 19.99   

LUMINUS ENERGY PARTNERS MASTER FUND LTD

      8/1/2013       BUY      10,203       $ 19.66   

LUMINUS ENERGY PARTNERS MASTER FUND LTD

      8/6/2013       BUY      21,711       $ 19.60   

 

* Excludes brokerage fees and commissions.

CUSIP No.       26817R108       13D         Page      19     of      20      Pages   

 

 

PARTY EFFECTING TRANSACTION

    DATE      BUY/SELL    QUANTITY      PRICE*  

LUMINUS SPEC OPP I ONSHORE

      6/11/2013       BUY      24,812       $ 22.50   

LUMINUS SPEC OPP I ONSHORE

      6/13/2013       BUY      9,304       $ 21.75   

LUMINUS SPEC OPP I ONSHORE

      6/13/2013       BUY      9,304       $ 21.90   

LUMINUS SPEC OPP I ONSHORE

      6/13/2013       SELL      9,304       $ 22.50   

LUMINUS SPEC OPP I ONSHORE

      6/17/2013       SELL      9,300       $ 22.90   

LUMINUS SPEC OPP I ONSHORE

      6/20/2013       BUY      12,400       $ 21.79   

LUMINUS SPEC OPP I ONSHORE

      6/24/2013       SELL      1,500       $ 22.52   

LUMINUS SPEC OPP I ONSHORE

      6/25/2013       BUY      1,900       $ 22.15   

LUMINUS SPEC OPP I ONSHORE

      6/26/2013       BUY      6,203       $ 22.00   

LUMINUS SPEC OPP I ONSHORE

      6/28/2013       BUY      1,200       $ 22.05   

LUMINUS SPEC OPP I ONSHORE

      6/28/2013       SELL      3,500       $ 22.82   

LUMINUS SPEC OPP I ONSHORE

      6/28/2013       SELL      3,300       $ 22.58   

LUMINUS SPEC OPP I ONSHORE

      7/1/2013       SELL      6,200       $ 22.80   

LUMINUS SPEC OPP I ONSHORE

      7/15/2013       SELL      7,441       $ 22.06   

LUMINUS SPEC OPP I ONSHORE

      7/17/2013       SELL      24,575       $ 22.35   

LUMINUS SPEC OPP I ONSHORE

      8/1/2013       BUY      1,900       $ 19.66   

LUMINUS SPEC OPP I ONSHORE

      8/1/2013       BUY      12,500       $ 19.99   

LUMINUS SPEC OPP I ONSHORE

      8/1/2013       BUY      10,000       $ 20.00   

LUMINUS SPEC OPP I ONSHORE

      8/6/2013       BUY      2,400       $ 19.60   

 

* Excludes brokerage fees and commissions.

CUSIP No.       26817R108       13D         Page      20     of      20      Pages   

 

 

PARTY EFFECTING TRANSACTION

    DATE      BUY/SELL    QUANTITY      PRICE*  

LUMINUS SPECIAL OPP I PIE MSTR

      6/11/2013       BUY      41,855       $ 22.50   

LUMINUS SPECIAL OPP I PIE MSTR

      6/13/2013       BUY      15,696       $ 21.75   

LUMINUS SPECIAL OPP I PIE MSTR

      6/13/2013       BUY      15,696       $ 21.90   

LUMINUS SPECIAL OPP I PIE MSTR

      6/13/2013       SELL      15,696       $ 22.50   

LUMINUS SPECIAL OPP I PIE MSTR

      6/17/2013       SELL      15,700       $ 22.90   

LUMINUS SPECIAL OPP I PIE MSTR

      6/20/2013       BUY      20,900       $ 21.79   

LUMINUS SPECIAL OPP I PIE MSTR

      6/24/2013       SELL      2,500       $ 22.52   

LUMINUS SPECIAL OPP I PIE MSTR

      6/25/2013       BUY      3,100       $ 22.15   

LUMINUS SPECIAL OPP I PIE MSTR

      6/26/2013       BUY      10,464       $ 22.00   

LUMINUS SPECIAL OPP I PIE MSTR

      6/28/2013       BUY      2,100       $ 22.05   

LUMINUS SPECIAL OPP I PIE MSTR

      6/28/2013       SELL      5,900       $ 22.82   

LUMINUS SPECIAL OPP I PIE MSTR

      6/28/2013       SELL      5,700       $ 22.58   

LUMINUS SPECIAL OPP I PIE MSTR

      7/1/2013       SELL      10,500       $ 22.80   

LUMINUS SPECIAL OPP I PIE MSTR

      7/15/2013       SELL      12,559       $ 22.06   

LUMINUS SPECIAL OPP I PIE MSTR

      7/17/2013       SELL      41,425       $ 22.35   

LUMINUS SPECIAL OPP I PIE MSTR

      8/1/2013       BUY      16,600       $ 20.00   

LUMINUS SPECIAL OPP I PIE MSTR

      8/1/2013       BUY      20,800       $ 19.99   

LUMINUS SPECIAL OPP I PIE MSTR

      8/1/2013       BUY      3,200       $ 19.66   

LUMINUS SPECIAL OPP I PIE MSTR

      8/6/2013       BUY      4,000       $ 19.60   

 

* Excludes brokerage fees and commissions.