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DPL Records Impairment Charges Related to Ohio Generation

August 5, 2016

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Copyright 2010-16 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

AES Corp. disclosed in announcing earnings today that in the second quarter of 2016, DPL recorded a $235 million, or $0.25 per share, asset impairment charge largely related to the Killen generating station.

The charge is attributable to lower expectations of future capacity revenue, resulting from the most recent PJM capacity auction for 2018-2019 and revised estimates of future environmental compliance related to the Environmental Protection Agency's Effluent Limitation Guidelines (ELG) and Coal Combustion Residuals (CCR) costs.

The Killen Station, located in Wrightsville, OH includes one coal-fired unit and one oil-fired combustion turbine with a summer generating capacity of 618 megawatts

DPL owns 67% of the Killen Station. Dynegy owns the remaining interest

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