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Dayton Power and Light

DP&L Requests Extension of Distribution Modernization Rider

DAYTON, Ohio - January 23, 2019 - The Dayton Power and Light Company (DP&L), a subsidiary of The AES Corporation (NYSE: AES), announced that yesterday it filed a request with the Public Utilities Commission of Ohio (PUCO) for an extension of its Distribution Modernization Rider (DMR), a component in its October 2017 Electric Security Plan Order, (ESP 3). The widely supported ESP 3 Order addressed several DP&L operational areas, including that the company continue a competitive bidding process for its electric supply and file a Distribution Modernization Plan.

 The ESP 3 Order included language authorizing a three-year DMR, with the ability to continue the DMR for an additional two years at a level subject to Commission approval. DP&L's request, called the Distribution Modernization Rider Extension (DMR-E), seeks approval of this two-year extension. PUCO approval of the DMR-E will allow DP&L to deliver substantial benefits to its customers, maintain its financial integrity and increase DP&L's investments in the Miami Valley, as outlined in its recently filed Distribution Modernization Plan.

 If approved by the PUCO, during the temporary two-year extension beginning November 2020, DP&L's typical residential customer using 1,000 kWh will see an impact of $8.64 per month. At the end of the two-year extension, October 2022, the DMR-E would expire.

 The Distribution Modernization Plan and DMR-E were submitted for PUCO approval in parallel as an integrated package. The two filings are inter-related and essential for DP&L to deliver its customers personalized, innovative, and seamless energy services enabled by transformative technologies.