The AES Corporation (NYSE:AES) announced today that it has decided to retain DPL Inc.’s (DPL) 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 will provide additional details on its second quarter 2014 financial results conference call, scheduled for Thursday, August 7, 2014 at 9:00 a.m. Eastern Daylight Time (EDT).
The AES Corporation (NYSE:AES) is a Fortune 200 global power company. We provide affordable, sustainable energy to 20 countries through our diverse portfolio of distribution businesses as well as thermal and renewable generation facilities. Our workforce of 17,800 people is committed to operational excellence and meeting the world’s changing power needs. Our 2013 revenues were $16 billion and we own and manage $40 billion in total assets. To learn more, please visit
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