DAYTON, Ohio--(BUSINESS WIRE)--
The Dayton Power and Light Company (DP&L), a subsidiary of The AES Corporation (NYSE: AES), announces today the Public Utilities Commission of Ohio (PUCO) staff issued its report and recommendation regarding the DP&L Distribution Rate application. DP&L initiated the rate review in late 2015. The staff report and recommendation is the next procedural step in the regulated rate review process and initiates a formal schedule, including a local public hearing.
“DP&L’s base rates for maintaining wires and poles have not changed since 1991 despite continued investments to our distribution system. Our customers have benefited from stable, low-cost base distribution rates. As this case moves forward, DP&L’s rates have been and are expected to continue to be the lowest in Ohio,” said spokesperson Mary Ann Kabel.
With the PUCO staff report issued, DP&L looks forward to moving ahead with the rate review, and working with the parties to achieve a favorable outcome which would allow DP&L to continue to provide its customers with low-cost, safe and reliable distribution service. We are currently reviewing the report that was released today. The PUCO staff’s report reviews current operating expenses as well as an audit of assets and investments since the last distribution rate case in 1991. DP&L remains committed to its original application, which addresses a fair proposal while balancing the needs of the customer and the Company, and expects to work cooperatively with the parties involved to resolve any issues.
About The Dayton Power and Light Company, and The AES Corporation
The Dayton Power and Light Company is the principal subsidiary of DPL Inc. (DPL), a regional energy provider and an AES company. DPL’s other significant subsidiaries include AES Ohio Generation, LLC (AES Ohio Gen), Miami Valley Insurance Company (MVIC), and Miami Valley Lighting, LLC (MVLt). The Dayton Power and Light Company, a regulated electric utility, provides service to over 520,000 customers in West Central Ohio; AES Ohio Gen engages in the operation of merchant peaking and generation facilities; MVIC, a captive insurance company, provides insurance services to DPL and its subsidiaries, and MVLt maintains outdoor lighting to governments and businesses. DPL, through its subsidiaries, owns and operates approximately 2,175 megawatts of generation capacity, of which 1,150 megawatts are coal-fired units and 1,000 megawatts are solar, natural gas, battery storage and diesel peaking units. For more information about the company, please visit www.dplinc.com. Connect with DP&L at www.twitter.com/dpltoday, www.linkedin.com/company/dayton-power-and-light, and at www.facebook.com/DPLToday.
The AES Corporation (NYSE: AES) is a Fortune 200 global power company. We provide affordable, sustainable energy to 15 countries through our diverse portfolio of distribution businesses as well as thermal and renewable generation facilities. Our workforce is committed to operational excellence and meeting the world’s changing power needs. Our 2017 revenues were $11 billion and we own and manage $33 billion in total assets. To learn more, please visit www.aes.com. Follow AES on Twitter @TheAESCorp.
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