For Ohio, the Tait project brings a multi-million dollar investment in a cutting-edge technology that can displace power generation from inefficient or retiring plants, reduce overall system emissions, and create construction jobs and tax revenue in the Dayton region.With this storage array in particular, AES is leveraging the mobility and scalability inherent in battery-based grid resources to quickly deploy resources that rapidly meet the needs of any given market. The 40 MW storage resource will consist of 24 MW from AES inventory with the remaining 16 MW coming from an existing AES facility, which the company is relocating to Ohio. “We’ve designed our business model in a way that allows us to quickly evaluate and respond to changing market needs,” said Chris Shelton, President, AES Energy Storage. “We can make decisions on where we locate battery storage to optimize service across markets. Physically moving an asset to where it’s needed most hasn’t been possible with traditional power generation and load resources, so it’s exciting to be able to do this with energy storage assets.” The DP&L Tait station’s generating turbines, operated by DP&L and DPL Energy, LLC, are used during times of peak electricity demand in the summer. The new project will connect through the station but will have an independent agreement with PJM. Unlike conventional resources, the Tait battery facility does not require water to operate and will not produce direct emissions. The new array will bring AES’ total energy storage fleet to 174 MW of power plant equivalent flexibility resource, serving customers in the United States and South America For more information, please visit www.aesenergystorage.com. About AES Energy Storage AES Energy Storage is a subsidiary of the AES Corporation (NYSE: AES), a company that has served utility customers around the world for 30 years, helping them to deliver safe, reliable power. The company is a leader in commercial energy storage partnerships, which enable utilities, power markets and renewable developers to manage projects from concept to operation. The company’s energy storage solutions unlock value from existing power infrastructure, liberating reserve capacity, enabling renewable facilities to generate new revenue streams, improving flexibility and reliability of the power system, and meeting peak power demand. With 150 MW of resources online, AES Energy Storage has the largest fleet of battery-based storage assets in commercial operation today. The company has over 1,000 MW in development with prospects in the US and abroad. To learn more, please visit www.aesenergystorage.com or @aes_es on Twitter. About The Dayton Power and Light Company and DPL Inc. The Dayton Power and Light Company is the principal subsidiary of DPL Inc., a regional energy company.
DPL’s other subsidiaries include DPL Energy, LLC (DPLE) and DPL Energy Resources, Inc. (DPLER), which also does business as DP&L Energy. The Dayton Power and Light Company, a regulated electric utility, provides service to over 500,000 retail customers in West Central Ohio; DPLE engages in the operation of merchant peaking generation facilities; and DPLER is a competitive retail electric supplier. DPL, through its subsidiaries, owns and operates approximately 3,800 megawatts of generation capacity, of which 2,800 megawatts are coal-fired units and 1,000 megawatts are natural gas and diesel peaking units. Further information can be found at www.dplinc.com. DPL Inc. was acquired by The AES Corporation (NYSE: AES) in 2011.Safe Harbor Disclosure This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and of the Securities Exchange Act of 1934. Forward-looking statements are not intended to be a guarantee of future results, but instead constitute AES’s current expectations based on reasonable assumptions. Actual results could differ materially from those projected in AES’s forward-looking statements due to risks, uncertainties and other factors. Important factors that could affect actual results are discussed in the Tender Offer Materials related to the Tender Offers and AES’s filings with the SEC, including, but not limited to, the risks discussed under Item 1A “Risk Factors” and Item 7 “Management’s Discussion & Analysis of Financial Condition and Results of Operations” in AES’s 2012 Annual Report on Form 10-K and in subsequent reports filed with the SEC. Readers are encouraged to read AES’s filings to learn more about the risk factors associated with AES’s business. AES undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Anyone who desires a copy of AES’s 2012 Annual Report on Form 10-K dated on or about February 26, 2013 may obtain a copy (excluding Exhibits) without charge by addressing a request to the Office of the Corporate Secretary, The AES Corporation, 4300 Wilson Boulevard, Arlington, Virginia 22203. Exhibits also may be requested, but a charge equal to the reproduction cost thereof will be made.