According to North American Clean Energy, The Dayton Power and Light Co, a subsidiary of the AES Corporation and the Sierra Club along with a list of parties who agree in principle to a six year settlement. This agreement will strengthen DP&L’s infrastructure, end it’s ownership of 2,093 megawatts of coal fired generation power and begin more integrated renewable generation.
DP&L has asked for an extension of the February 8, 2017 hearing date to allow more time for parties not joining the settlement, including the PUCO staff, to file testimony. The final decision on the matter is expected on March 31, 2017. If the PUCO agrees to the settlement, the average DP&L customer can expect a rate increase of $2.39 per month.
This settlement includes a five year Distribution Infrastructure Rider (DIR) that enables the implementation of a smart grid and advanced metering. A Distribution Modernazation Rider (DMR) will be dedicated in “continuing DP&L’s debt repayment to enable the Company to make additional capital expenditures to modernize and maintain” their distribution and transmission systems. In the sixth year of the plan, both DMR and DIR amendments will expire and will no longer be collected.
If approved by the Public Utility Commission of Ohio, the plan calls for DP&L to exit 100 percent of it’s interest in 2,093 MW of coal fired generation. Specifically the Company will close two co-owned, coal-fired plants in Adams County, Ohio. The Stuart and Killen plants are scheduled to close in mid-2018. In addition, DP&L agrees to begin the process to sell ownership shares in the Conesville, Miami Fort and Zimmer plants. In part, this agreement begins a procurement of solar and wind generation, economic development funding for communities near the Killen and Stuart plants, funds for low income customers and a commitment from DP&L to maintain the headquarters for the Company in Dayton Ohio.
Look to the link below for more reference from North American Clean Energy’s online website from where I received much of the content, some verbatim.
Scott Bushbaum – Sierra Club Miami Group Executive Committee – “Dayton Connections”