Dynegy Inc. general counsel J. Kevin Blodgett agreed to leave his job at the struggling power generator on Feb. 4, according to a regulatory filing late Tuesday.

In a bizarre twist, The Wall Street Journal reported Wednesday that Blodgett relinquished a potential payout of $3.6 million to which he would have been entitled if he’d been let go after a change of control at the embattled company, the third-largest U.S. independent power producer.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]