April 16, 2014 12:35 PM ET

Electric Utilities

Company Overview of The Dayton Power and Light Company

Company Overview

The Dayton Power and Light Company is engaged in the generation, transmission, distribution, and sale of electricity to residential, commercial, industrial, and government customers. The company operates seven coal-fired steam generating stations, as well as solar, combustion turbine, and diesel peaking units. It generates and distributes electricity to approximately 515,000 retail customers located in a 6,000 square mile area of west central Ohio. The company has an electricity generation capacity of approximately 2,897 megawatts. It also sells energy and capacity in the wholesale market. The Dayton Power and Light Company principally serves automotive, food processing, paper, plastic, manu...

1065 Woodman Drive

Dayton, OH 45432

United States

Founded in 1911

1,218 Employees

Phone:

937-224-6000

Key Executives for The Dayton Power and Light Company

Chief Executive Officer
Chief Financial Officer
Executive Vice President of Operations
Age: 48
President of Power Production
Age: 62
Senior Vice President of Corporate & Regulatory Affairs
Age: 63
Compensation as of Fiscal Year 2013.

The Dayton Power and Light Company Key Developments

Dayton Power & Light To Sell Its Ohio Power Generation Facilities

Dayton Power & Light is looking to sell off its Ohio power generation facilities by 2014, The AES Corporation (NYSE:AES) announced in its latest earnings call. AES is looking for two options as one is it will transfer the power plants to Genco, a non-regulated affiliate of DPL. Second, it is also is weighing selling the entire 3,453 MW generation fleet. Andres Gluski, Chief Executive Officer and President of AES Corporation said, if it will sell its DP&L power plants, it would also likely sell its retail business, DPLER. Amy Ackermanm, spokeswoman of AES said, “DPLER is an unregulated affiliate of DP&L, which purchases energy from DP&L and then sells it to consumers, with 308,000 customers in Dayton. If there was a sale, those customers would likely be transferred to the buyer.”

Dayton Power and Light Co Wins $26 Million Federal Contract for Base Wide Electrical Services

Dayton Power and Light Co. received a $26,102,136 firm-fixed-price contract for base wide electrical services for Wright-Patterson Air Force Base Work will be performed at Wright-Patterson AFB, and is expected to be completed by Dec. 31, 2014. Type of appropriation is fiscal 2014 operations and maintenance funds. Air Force Life Cycle Management Center/PZIO, Wright-Patterson AFB, is the contracting activity.

The Public Utilities Commission of Ohio Adopts Electric Security Plan for Dayton Power and Light

The Public Utilities Commission of Ohio (PUCO) approved an electric security plan (ESP) for the Dayton Power and Light Company (DP&L) that establishes generation rates from Jan. 1, 2014, through Dec. 31, 2016. The plan also sets a schedule for DP&L to move to a competitive market, in which generation rates will be fully set through a competitive bidding process beginning in January 2017. The order obligates DP&L to move quickly to a competitive position in the marketplace and remove barriers to customer choice. This accelerated process will benefit ratepayers immediately with positive long-term benefits for Ohio's businesses and families through an increase in customer choice. During the term of the ESP, DP&L will conduct an auction for 10% of its standard service offer load for the period of Jan. 1, 2014 to Dec. 31, 2014; 40% for the period of Jan. 1, 2015 to Dec. 31, 2015; and 70% for the period of Jan. 1, 2016 to Dec. 31, 2016. The ESP term will end on Dec. 31, 2016 where at that time the company is expected to have divested all of its generation assets. As was precedent in other ESP proceedings, the Commission also established a significantly excessive earning test threshold of 12% return on equity in order to further protect consumers.

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