DP&L Inc.
| Company type | Subsidiary |
|---|---|
| Industry | Electric utility |
| Predecessor | Dayton Power and Light Company |
| Founded | 1911 |
| Headquarters | Dayton, Ohio , United States |
Area served | West Central Ohio, including Dayton |
| Products | Electricity generation and distribution |
| Owner | AES Corporation |
Number of employees | 1500+ (2008) |
| Parent | AES Corporation |
DPL Inc. (also known as DP&L Inc.) operates as a subsidiary under AES Corporation. It delivers electricity to more than 500,000 customers through its subsidiary AES Ohio (previously The Dayton Power and Light Company), covering a region in West Central Ohio that includes Dayton. The company's power generation primarily relies on eight coal-fired plants, complemented by combustion turbines, diesel peaking units, and solar energy installations.
History
Established in 1911 following the merger of two electric utilities in Dayton, the Dayton Power and Light Company became DP&L. This entity was the primary source of revenue for DPL, contributing approximately 99% of total consolidated income and holding 92% of the company's assets. By 2008, DP&L employed over 1,500 individuals. In 2000, the company sold its natural gas operations to Vectren.
The acquisition of DPL by AES Corporation occurred in 2011 through a $4.7 billion deal, which included a $3.5 billion cash payment at $30 per share.
In 2018, DP&L revealed a restructuring initiative that involved eliminating 160 positions across Ohio and Indiana and announced plans to shut down two coal-fired plants in Southern Ohio: the J.M. Stuart and Killen stations. That same year, the company pledged as much as $1 million to enhance electric vehicle charging infrastructure within its service territory in Ohio.
On February 24, 2021, Dayton Power & Light underwent rebranding to become AES Ohio while maintaining its official corporate name.
Operations within Puerto Rico
Following the devastation caused by Hurricane Maria in 2017, DP&L collaborated with AES to aid in restoring Puerto Rico’s central electricity grid. Together, they implemented a 6-megawatt battery storage system at the Tait Energy Storage Station to speed up recovery efforts. Additionally, DP&L supports AES’s initiative to establish autonomous “micro-grids” for essential public facilities such as schools and hospitals. These solar-powered micro-grids equipped with battery backup are designed to decrease dependence on imported fossil fuels and improve the island’s energy reliability.