Surprise! AES Will Retain DP&L Generation Assets

The AES Corporation announced today that it has decided to retain DPL Inc.'s 3,453 MW of generating assets.

Of this capacity, 2,897 MW owned by Dayton Power & Light (DP&L), a subsidiary of DPL, will be transferred to a separate affiliate of DPL by January 1, 2017, as directed by the Public Utilities Commission of Ohio (PUCO) in DP&L's Electric Security Plan (ESP).

"In light of the potential recovery of power prices, as well as PJM capacity prices, AES believes that this business has additional value that can be captured by continuing to own and operate these generating assets," AES said.