Dynegy has agreed to pay $2.8 billion in cash to buy Duke Energy’s nonregulated Midwest commercial generation business, reports the Cincinnati Business Courier. Nine of the plants to be sold are in Ohio; however, “Duke Energy spokesman Tom Williams said the sale won’t impact Duke Energy customers in Ohio because the plants aren’t directly tied to the utility,” according to the article. The move is part of Duke Energy’s plan to get out of the merchant generation business. The Federal Energy Regulatory Commission must approve the sale, which is expected to be completed in three to six months. For more, read the full article.