DP&L Inc.
Electrical power subsidiary of AES Corporation
From Wikipedia, the free encyclopedia
DPL Inc. (aka DP&L Inc.) is a subsidiary of AES Corporation. Through its subsidiary AES Ohio[1] (formerly The Dayton Power and Light Company, and DPL Energy Resources), DP&L sells to, and generates electricity for, a customer base of over 500,000 people within a 6,000-square-mile (16,000 km2) area of West Central Ohio, including the area around Dayton, Ohio, its namesake.[2] Electricity for DP&L's 24 county service area within Ohio's Miami Valley is primarily generated at eight coal-fired power plants, but DP&L also provides service to its clients via the use of combustion turbines, diesel peaking units, and solar powered properties.[2]
| |
| Company type | Subsidiary |
|---|---|
| Industry | Electrical power industry |
| Founded | 1911 |
| Headquarters | Dayton, Ohio, United States |
| Products | Electricity |
Number of employees | 1,500+ (2008) |
| Parent | AES |
| Website | www.aes-ohio.com |
History
The Hills and Dales Railway Company bought Dayton's two competing electric utilities and merged them as the Dayton Power and Light Company,[3] which was incorporated in 1911 under the laws of Ohio. DP&L was the principal subsidiary of DPL providing approximately 99% of DPL's total consolidated revenue and approximately 92% of DPL's total consolidated asset base. DPL and its subsidiaries employed over 1,500 people as of January 31, 2008.[2] Prior to 2000, DP&L also distributed natural gas within its service area; its gas operations were divested in the fall of 2000 to Vectren, an Evansville, Indiana-based company that formed earlier that year. DPL was acquired by AES in 2011.[4] The transaction was valued at $4.7 billion and it enabled AES to acquire all of the outstanding shares of DPL for $3.5 billion in cash, or $30 per share.[5]
In 2018, DP&L, aiming at a restructure of the company, announced that 160 jobs (60 in Ohio and 100 in Indiana) would be cut in the second quarter of the fiscal year.[6] DP&L would also shut down two coal plants it operated in Southern Ohio, J.M. Stuart and Killen.[7] Later that year, DP&L announced it would invest up to $1 million to support the installation of electric vehicle charging stations within its coverage territory in Ohio.[8]
On February 24, 2021, Dayton Power & Light was rebranded as AES Ohio, although retaining its prior name for legal purposes.[3]
Operations within Puerto Rico
Following the aftermath of Hurricane Maria in 2017, DP&L began taking an active role in America's recovery efforts; working alongside AES to renovate the central power grid that was damaged by the storm.[9]