Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
LS Power Development, L.L.C.
   2. Issuer Name and Ticker or Trading Symbol
DYNEGY INC. [DYN] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
TWO TOWER CENTER, 11TH FLOOR		 3. Date of Earliest Transaction (Month/Day/Year)
03/18/2010
(Street)

EAST BRUNSWICK, NJ 08816		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 03/18/2010   S   1,010,696 (1) D $ 1.4785 93,989,304 (2) I See Remarks
Class A Common Stock 03/19/2010   S   819,300 (3) D $ 1.4454 93,170,004 (4) I See Remarks
Class A Common Stock 03/19/2010   S   4,400,000 (5) D $ 1.4 88,770,004 (6) I See Remarks

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
LS Power Development, L.L.C.
TWO TOWER CENTER
11TH FLOOR
EAST BRUNSWICK, NJ 08816		     X    

Signatures

 /s/ Darpan Kapadia, Managing Director   03/22/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Of these shares, LS Power Associates, L.P. ("LSP Associates") sold 145,190 shares, LS Power Equity Partners, L.P. ("LSPEP") sold 520,560 shares, LS Power Equity Partners PIE I, L.P. ("PIE I") sold 315,654 shares, LS Power Partners, L.P. ("LSP Partners") sold 16,905 shares and LSP Gen Investors, L.P. ("Gen Investors") sold 12,387 shares.
(2) Of these shares, LSP Associates directly holds 13,501,915 shares, LSPEP directly holds 48,409,282 shares, PIE I directly holds 29,354,132 shares, LSP Partners directly holds 1,572,060 shares and Gen Investors directly holds 1,151,915 shares.
(3) Of these shares, LSP Associates sold 117,700 shares, LSPEP sold 422,000 shares, PIE I sold 255,900 shares, LSP Partners sold 13,700 shares and Gen Investors sold 10,000 shares.
(4) Of these shares, LSP Associates directly holds 13,384,215 shares, LSPEP directly holds 47,987,282 shares, PIE I directly holds 29,098,232 shares, LSP Partners directly holds 1,558,360 shares and Gen Investors directly holds 1,141,915 shares.
(5) Of these shares, LSP Associates sold 632,071 shares, LSPEP sold 2,266,206 shares, PIE I sold 1,374,158 shares, LSP Partners sold 73,598 shares and Gen Investors sold 53,967 shares.
(6) Of these shares, LSP Associates directly holds 12,752,144 shares, LSPEP directly holds 45,721,076 shares, PIE I directly holds 27,724,074 shares, LSP Partners directly holds 1,484,762 shares and Gen Investors directly holds 1,087,948 shares.
 
Remarks:
LS Power Development LLC ("LSP Development") is the general partner of LS Power Partners, L.P. ("LSP Partners")
and LS Power Associates, L.P. ("LSP Associates").  LSP Partners is the general partner of  LS Power Equity Partners, L.P.
("LSPEP"), LS Power Equity Partners PIE I, L.P. ("PIE I") and LSP Gen Investors, L.P. ("Gen Investors").
 As a result of its relationship with LSP Partners and LSP Associates, LSP Development may be deemed to have shared voting and investment
power with respect to the shares beneficially owned by the LSP Partners, LSP Associates, LSPEP, PIE I, and LSP Gen.  As such,
LSP Development may be deemed to have shared beneficial ownership of the shares of which such entities are the owners.  LSP Development,
however, disclaims beneficial ownership of such shares except to the extent of its pecuniary interest therein, and this report
shall not be deemed an admission that LSP Development is the beneficial owner of the Issuer's securities reported on this Form 4
for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.   As a result of its relationship
with LSPEP, PIE I, and Gen Investors, LSP Partners may be deemed to have shared voting and investment power with respect to the
shares beneficially owned by LSPEP, PIE I, and Gen Investors.  As such, LSP Partners may be deemed to have shared beneficial ownership
of the shares of which LSPEP, PIE I, and Gen Investors are the owners.  LSP Partners, however, disclaims beneficial ownership
of such shares except to the extent of its pecuniary interest therein.

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