PUCO adopts Dayton Power & Light Company (DP&L) electric security plan
COLUMBUS, OHIO (Oct. 20, 2017) – The Public Utilities Commission of Ohio (PUCO) today adopted an agreement that establishes an electric security plan (ESP) for the Dayton Power & Light Company (DP&L). The plan will determine the standard service offer (SSO) through Oct. 31, 2023.
“Today’s order represents long-term rate stability in that the term of this rate plan is six years. It also includes important provisions for ensuring grid safety and reliability, funding for low-income residential customers, promotes economic development and provides enhancements to the competitive retail marketplace,” stated PUCO Chairman Asim Z. Haque.
DP&L will continue to use a competitive bidding process to secure its electric load for its nonshopping customers.
DP&L will recover/credit the net proceeds from selling power from its share of the Ohio Valley Electric Corporation into the regional marketplace through the nonbypassable Reconciliation Rider.
DP&L will also establish a distribution modernization rider (DMR) to provide it with capital so that it will be financially healthy enough to make future investments in grid modernization. Although DP&L requested a $145 million dollar DMR rider annually for six years, the Commission approved recovery on the DMR at $105 million per year for three years. DP&L will also file a comprehensive grid modernization plan by Aug. 1, 2018 for Commission review.
Today’s approval also means DP&L will end the collection of its annual $73 million retail stability charge. A residential customer using 750 kilowatt hours per month will see a monthly bill increase of $2.92 during the term of the DMR.
On Feb. 22, 2016 DP&L filed an application to establish an electric security plan in accordance with Ohio Revised Code 4928.143. On April 11, 2016, and Oct. 11, 2016, DP&L filed amendments to its application.
On Jan. 30, 2017, and amended on March 14, 2017, a stipulation and recommendation was filed by DP&L, DPL Inc., PUCO staff, the city of Dayton, Interstate Gas Supply, Inc., Retail Energy Supply Association, Edgemont Neighborhood Coalition, People Working Cooperatively Inc., Ohio Hospital Association, Mid-Atlantic Renewable Energy Coalition, Ohio Energy Group, Ohio Partners for Affordable Energy and The Kroger Company.
DP&L is to file final tariffs in compliance with today’s order as soon as possible. A copy of today’s Commission opinion and order will be available at www.PUCO.ohio.gov. Click on the link to the Docketing Information System (DIS) and enter the case number 16-395-EL-SSO.
The Public Utilities Commission of Ohio (PUCO) is the sole agency charged with regulating public utility service. The role of the PUCO is to assure all residential, business and industrial consumers have access to adequate, safe and reliable utility services at fair prices while facilitating an environment that provides competitive choices. Consumers with utility-related questions or concerns can call the PUCO Call Center at (800) 686-PUCO (7826) and speak with a representative.
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