On Friday, Dynegy canceled its joint development agreement with LS Power to build a new fleet of [five] coal plants. Although LS Power retains the right to develop the projects on their own, Dynegy is far larger than LS Power, and without Dynegy's support LS Power will have a much harder time raising funds and securing long-term purchase agreements... In May 2008, Green America climate action campaign coordinator Yochi Zakai warned investors attending Dynegy's annual shareholder meeting about the massive cost of carbon regulation to the company and also raised concerns about the toll of its coal plants on surrounding communities and its impact on climate change.