DAYTON, Ohio--(BUSINESS WIRE)--The Dayton Power and Light Company (DP&L), a subsidiary of The AES Corporation (NYSE: AES), announced that the Public Utilities Commission of Ohio (PUCO) has issued an order partially approving DP&L’s November 29th request to implement rates consistent with its most recent Standard Service Offer approved by the PUCO in 2016 and based on its first Electric Security Plan (ESP 1). An important component of DP&L’s request, the Rate Stability Charge (RSC) will be reinstated, allowing DP&L to make investments to its transmission and distribution system to support basic reliability in the short-term.
“Today’s PUCO decision is a first step for DP&L to begin to financially recover from the PUCO’s November 21st decision disallowing DP&L’s Distribution Modernization Rider (DMR) in customer rates. We will continue to work with the PUCO on a long-term solution to enable DP&L to provide customers the safe, reliable and affordable service they expect and to modernize the grid for the future,” said Vince Parisi DP&L president and CEO.
DP&L continues to maintain lowest residential rates among Ohio’s investor owned utilities and some of the lowest residential rates in the country.
About The Dayton Power and Light Company
The Dayton Power and Light Company is the principal subsidiary of DPL Inc. (DPL), a regional energy provider and an AES company. DPL’s primary subsidiaries include The Dayton Power and Light Company, AES Ohio Generation, LLC (AES Ohio Gen), and Miami Valley Insurance Company (MVIC).The Dayton Power and Light Company, a regulated electric utility, provides service to more than 524,000 customers in West Central Ohio; AES Ohio Gen co-owns generation facilities; and MVIC, a captive insurance company, provides insurance services to DPL and its subsidiaries. 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.
About The AES Corporation
The AES Corporation (NYSE: AES) is a Fortune 200 global power company. We provide affordable, sustainable energy to 14 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 2018 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.