PUCO approves electric security plan for Dayton Power & Light

COLUMBUS, OHIO (June 24, 2009) – The Public Utilities Commission of Ohio (PUCO) today approved a stipulation that establishes an electric security plan (ESP) for Dayton Power & Light (DP&L). The ESP will be in effect through Dec. 31, 2012.

“I commend the parties for working together to establish this ESP,” PUCO Chairman Alan R. Schriber stated. “The ESP will benefit DP&L’s ratepayers by ensuring rate certainty and promoting energy efficiency and demand reduction programs.”

The stipulation, signed by DP&L, PUCO staff, the Ohio Consumers’ Counsel, Industrial Energy Users-Ohio and others, extends DP&L’s current rate plan and freezes the company’s distribution rates through Dec. 31, 2012. DP&L will implement a fuel cost recovery rider in 2010 that will be limited to fuel costs above $0.0197/kWh.

DP&L will also implement advanced metering infrastructure and Smart Grid projects, subject to Commission review, in addition to energy efficiency and demand response programs. DP&L will form an energy efficiency collaborative and assist its mercantile customers in implementing energy efficiency and demand response programs.

On May 1, 2008, Gov. Ted Strickland signed SB 221 into law, marking the one year anniversary of the date he outlined his Energy, Jobs, and Progress Plan to stabilize electricity prices, create jobs and expand Ohio’s green energy industry. SB 221 took effect on July 31, 2008 and incorporates a system under which rates would be set by the PUCO and outlines a path for electric utilities to implement market-based pricing.

DP&L filed an application with the PUCO to establish an ESP on Oct. 10, 2008. Public hearings were held in Dayton on Feb. 26, 2009 and Wilmington on March 4, 2009. Three witnesses testified at the public hearings. On Feb. 24, 2009, the stipulation reached by the parties was filed. The evidentiary hearing commenced on Feb. 11, 2009 and concluded on Feb. 24, 2009.

DP&L must file tariffs consistent with today’s Commission opinion and order.

A copy of today’s Commission opinion and order is available at www.PUCO.ohio.gov. Click on the link to the Docketing Information System (DIS) and enter the case number 08-1094-EL-SSO.

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