Company Overview of The Dayton Power and Light Company
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 519,000 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
Founded in 1911
Key Executives for The Dayton Power and Light Company
Chief Executive Officer, President and Director
Chief Financial Officer, Senior Vice President and Treasurer
SVP of Corporate & Regulatory Affairs & General Counsel
Principal Accounting Officer and Controller
Vice President, Corporate Secretary and Assistant General Counsel
Compensation as of Fiscal Year 2017.
The Dayton Power and Light Company Key Developments
The Dayton Power and Light Co. Proposes Closing of Two Power Plants
Mar 4 17
The Dayton Power and Light Co. has proposed closing its Stuart power station by mid-2018. A proposal by the company to close two power plants in a rural Southern Ohio county has leaders of small communities on both sides of the Ohio River concerned.
Dayton Power & Light Co. to Close Two Ohio Coal-Fired Power Plants
Jan 31 17
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
Aug 31 16
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.
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