February 20, 2017 9:07 AM ET

Electric Utilities

Company Overview of The Dayton Power and Light Company

Company Overview

The Dayton Power and Light Company engages in the generation, transmission, and distribution of electricity to residential, commercial, industrial, and governmental customers. It generates electricity at five coal-fired power stations, as well as through combustion turbines, diesel peaking units, and solar. The company generates and distributes electricity to approximately 517,000 retail customers located in a 6,000 square mile area of west central Ohio. The company has an electric generation capacity of approximately 103 megawatts. It serves automotive, food processing, paper, plastic, manufacturing, and defense industries. The company was founded in 1911 and is headquartered in Dayton, Ohi...

1065 Woodman Drive

Dayton, OH 45432

United States

Founded in 1911

1,163 Employees

Phone:

937-224-6000

Key Executives for The Dayton Power and Light Company

Chief Executive Officer, President and Director
Chief Financial Officer, Senior Vice President and Treasurer
Age: 43
Senior Vice President of Corporate & Regulatory Affairs, General Counsel, Senior Vice President of Corporate & Regulatory Affairs of DPL Inc and General Counsel of DPL Inc
Age: 66
Senior Vice President of Customer Operations
Age: 59
Principal Accounting Officer and Controller
Age: 56
Compensation as of Fiscal Year 2016.

The Dayton Power and Light Company Key Developments

Dayton Power & Light Co. to Close Two Ohio Coal-Fired Power Plants

Dayton Power & Light Co. to close two Ohio coal-fired power plants amid a proposed settlement with environmental groups that stipulates the company invest in green energy and economic development in Ohio. The company filed the settlement to its Electric Security Plan at the Public Utilities Commission of Ohio on Jan. 30, 2017. The six-year agreement, with nine intervening parties and the Sierra Club expected to join as well, details DP&L's end of coal-fired power generation and the closure of two Adams County power plants next year. The company must also keep its headquarters within the city of Dayton. DP&L has asked for an extension of the hearing date to Feb. 8 to allow more time for other parties and PUCO to file testimony. A final decision by the Columbus organization is expected March 31, 2017. Under the terms of the settlement, the company must begin the process to close two coal-fired plants it co-owns, Stuart and Killen, in mid-2018. Combined they have capacity for 2,093 megawatts of coal-fired generation. The company will begin selling its ownership shares in three other Ohio-based coal-fired plants in Conesville, Miami Fort and Zimmer. The company must also integrate renewable generation into its business, and plan to procure solar and wind generation, for 300 MW of solar and wind energy projects to be developed in Ohio no later than 2022. DPL will also create economic development funds in its service territory and a $2 million fund for the communities affected by the power plant closures, as well as a $565,000 fund to help low-income customers.

Dayton Power and Light Co. Secures $445 Million Credit Agreement

Dayton Power and Light Co. borrowed $445 million under a new credit agreement to refund a like amount of its 1.875% first mortgage bonds due 2016. The credit agreement is due Aug. 24, 2022. JPMorgan Chase Bank NA served as the administrative agent and collateral agent, while Morgan Stanley Senior Funding Inc. acted as a lender. BMO Capital Markets Corp., Fifth Third Securities, The Huntington National Bank, PNC Capital Markets LLC, RBC Capital Markets LLC, Regions Capital Markets, a division of Regions Bank, and SunTrust Robinson Humphrey Inc. served as managing agents to the credit agreement.

Dayton Power & Light Co. Wins $28.28 Million Federal Contract

Dayton Power & Light Co. was awarded a $28,284,972 federal contract modification by the U.S. Air Force Life Cycle Management Center for electricity services at Wright-Patterson Air Force Base.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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