Exhibit 99.2

Press Release                                                     Source: Dynegy
Dynegy Sells NNG Senior Notes for $96 Million

HOUSTON--(BUSINESS WIRE)--Oct. 2, 2002--Dynegy Inc. (NYSE:DYN - News) today
announced that it has sold $90 million in 6.875% Senior Notes due May 2005 of
Northern Natural Gas Company (NNG) for approximately $96 million in cash. Dynegy
Holdings Inc. acquired the notes, which represented the company's remaining
investment in NNG, at par value in April 2002 pursuant to a tender offer that it
agreed to effect in order to obtain a bondholder consent in connection with the
acquisition of NNG. Proceeds from the sale will enhance the company's liquidity
position.

Dynegy sold NNG to MidAmerican Energy Holdings Company in August 2002.
MidAmerican Energy acquired all of the common and preferred stock of NNG for
$928 million in cash and the assumption of $950 million in outstanding NNG debt,
including the notes sold.

Dynegy Inc. produces and delivers energy, including natural gas, power, natural
gas liquids and coal, through its owned and contractually controlled network of
physical assets. The company serves customers by aggregating production and
supply and delivering value-added solutions to meet their energy needs.