URGENT: Dynegydirect Discontinued

Dear Dynegydirect customer:

Due to market developments and the poor credit environment in the energy
industry, Dynegy has discontinued electronic trading activities through
Dynegydirect. We encourage you to contact your Dynegy representative and
execute your trades by phone. If you don't have a designated
representative please call Cheryl Gillentine at 713-767-6277 or Clare
Champion (UK) 0208-403-1312.

Any and all trades that you executed on Dynegydirect through June 19, 2002,
will be honored and completed. Dynegydirect will continue to be a valuable
resource providing historical trading information, transaction data and
report printouts. Simply log in and click on "Reports" to review your
account.

If you have any questions, you can email our e-Care Center at
e-care@dyengydirect.com or call us at 877-396-3493. We want to thank you
for trading on Dynegydirect and for choosing to do business with Dynegy.

Dynegydirect e-Care
Dynegy Inc.
1000 Louisiana, Suite 5800
Houston, Texas 77002

E-mail:
e-care@dynegydirect.com

Phone:
North America 877.396.3493
United Kingdom 0800.169.6591
International +1.713.767.5000

Fax:
North America 877.396.3492
United Kingdom 0800.169.6615
International +1.713.388.6002