Profile: DPL Inc. (DPL.N)

DPL Inc. (DPL) is a regional energy company. DPL’s principal subsidiary is The Dayton Power and Light Company (DP&L). DP&L sells electricity to residential, commercial, industrial and governmental customers in a 6,000 square mile area of West Central Ohio. Electricity for DP&L’s 24 county service areas is primarily generated at eight coal-fired power plants and is distributed to more than 515,000 retail customers. Principal industries served include automotive, food processing, paper, plastic, manufacturing and defense. DP&L also sells electricity to DPL Energy Resources, Inc. (DPLER), an affiliate, to satisfy the electric requirements of its retail customers. DP&L sells any excess energy and capacity into the wholesale market.

DPL’s other wholly owned subsidiaries include: DPL Energy, LLC (DPLE), which engages in the operation of peaking generating facilities and sells power in wholesale market; DPLER, which sells retail electric energy under contract to industrial and commercial customers in West Central Ohio, and Miami Valley Insurance Company (MVIC), which is its captive insurance company. DPL’s summer generating capacity, including peaking units, is approximately 3,697 megawatt. Of this capacity, approximately 2,778 megawatt, or 75%, is derived from coal-fired steam generating stations and the balance of approximately 919 megawatt, or 25%, consists of combustion turbine and diesel peaking units. DP&L’s summer generating capacity, including peaking units, is approximately 3,213 megawatt. Of this capacity, approximately 2,778 megawatt, or 86%, is derived from coal-fired steam generating stations and the balance of approximately 435 megawatt, or 14%, consists of combustion turbine and diesel peaking units.

During the year ended December 31, 2008, the Company generated 99.4% of its electric output from coal-fired units and 0.6% from oil and natural gas-fired units. In addition, DP&L also owns a 4.9% equity ownership interest in Ohio Valley Electric Corporation (OVEC), an electric generating company. OVEC has two plants in Cheshire, Ohio and Madison, Indiana with a combined generation capacity of approximately 2,265 megawatt. DP&L’s share of this generation capacity is approximately 111 megawatt.