DP&L Seeks PUCO Approval of Distribution Modernization Plan
December 28 2018 - 10:10AM
Business Wire
Investment dedicated to building a smart energy
future for DP&L Customers
The Dayton Power and Light Company (DP&L), a subsidiary of
The AES Corporation (NYSE: AES), announced its December 21 filing
with the Public Utility Commission of Ohio (PUCO) of its
Distribution Modernization Plan. DP&L proposes to invest $576
million in capital projects over the next decade providing direct
customer benefits through a robust, efficient electric grid. The
initiatives will also allow DP&L to be ready to integrate
electric vehicle (EV) charging infrastructure and Distributed
Energy Resources (DERs) into its grid, including demonstrations of
community solar, energy storage, and microgrids.
The filing is aligned to the PowerForward Roadmap issued by the
PUCO earlier this year. “DP&L’s Distribution Modernization Plan
is responsive to the principles and objectives outlined in the
PowerForward Roadmap,” said Lisa Krueger, President of the US
Strategic Business Unit, responsible for AES’ US utilities,
including DP&L. “The plan’s submission is our opportunity to
explain the details of our proposal, which will deliver significant
value to our customers. DP&L is proud of its long history in
this community and our Modernization Plan will transform the
electric grid into a system that uses information and
communications technologies to allow our customers to experience
personalized, innovative, and seamless energy services.”
Upon PUCO approval, DP&L will begin its digital
transformation with the addition of advanced metering
infrastructure, which will improve overall customer experience
through better system reliability, performance and communication.
After PUCO approval, DP&L will put in place the required
infrastructure to support smart meters and install approximately
100,000 meters annually through completion of installation for all
customers. Investments will also create a self-healing grid
allowing DP&L to isolate problems automatically and re-route
power around the problem often without noticeable interruption of
service to our customers.
DP&L’s proposed plan also includes customer engagement
components to improve customer experience through mobile
applications, pre-pay options and time-of-use rates. The plan
creates a grid platform that will enable future innovations
accommodating innovative services for customers. If approved by the
PUCO, DP&L’s typical retail customer, using 1000kWh, on SSO
service, will see an initial bill increase of $1.99 per month.
About The Dayton Power and Light Company and AES
The Dayton Power and Light Company is the principal subsidiary
of DPL Inc. (DPL), a regional energy provider and an AES company.
DPL’s significant subsidiaries include The Dayton Power and Light
Company, AES Ohio Generation, LLC (AES Ohio Gen), Miami Valley
Insurance Company (MVIC), and Miami Valley Lighting, LLC (MVLt).
The Dayton Power and Light Company, a regulated electric utility,
provides service to over 520,000 customers in West Central Ohio;
MVIC, a captive insurance company, provides insurance services to
DPL and its subsidiaries, and MVLt maintains outdoor lighting to
governments and businesses. AES Ohio Gen co-owns merchant
generation facilities. For more information about the company,
please visit www.dplinc.com. Connect with DP&L at
www.twitter.com/dpltoday,
www.linkedin.com/company/dayton-power-and-light, and at
www.facebook.com/DPLToday.
The AES Corporation (NYSE: AES) is a Fortune 500 global power
company. We provide affordable, sustainable energy to 15
countries through our diverse portfolio of distribution businesses
as well as thermal and renewable generation facilities. Our
workforce is committed to operational excellence and meeting the
world’s changing power needs. Our 2017 revenues were $11
billion and we own and manage $33 billion in total assets. To
learn more, please visit www.aes.com. Follow AES on Twitter
@TheAESCorp.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181228005144/en/
News Media Contact: Mary Ann KabelNews Media Line:
937-224-5940
AES (NYSE:AES)
Historical Stock Chart
From Mar 2024 to Apr 2024
AES (NYSE:AES)
Historical Stock Chart
From Apr 2023 to Apr 2024