Our reputation is a critical asset, as important as the power we produce, and we are all responsible for
protecting it. We have One Team and One Goal – and that is to make Dynegy a leading Independent
Power Producer and we’ll do so by performing with integrity. As we focus on improving how we do
business, I hope your actions show your PRIDE in yourself, those you work with, and the company. The
message for each individual is clear: Any success that is not achieved ethically is no success at all.