DP&L Reaches Comprehensive Settlement Agreement Resolving Numerous Cases Including Its Smart Grid Plan
Dayton Power & Light Company (DP&L), a subsidiary of the AES Corporation, has filed a nearly unanimous stipulation to invest $249 million in capital projects over the next four years providing direct customer benefits through modernizing the electric grid and building a smarter energy future for customers. This four-year plan is a significant initial step to modernize the electric grid to provide personalized, seamless service that will enhance reliability, efficiency, and customer value.
The Stipulation includes plans to implement Phase 1 of the DP&L`s Smart Grid Plan with a commitment to file Phase 2 within three years. The proposed Stipulation is supported by a broad coalition of customers, the City of Dayton, environmental groups, competitive suppliers and the Public Utilities Commission of Ohio (PUCO) Staff. With this comprehensive Stipulation, which resolves a number of other matters, DP&L has a clear path to begin executing the company`s plans to modernize its electric grid, providing all customer with benefits such as fewer outages and enhanced communication.
"We appreciate the opportunities to work with all interested parties to reach a balanced and fair settlement agreement to continue our progress toward creating a smarter energy future for our customers," said Lisa Krueger, president of the U.S. strategic business unit for The AES Corporation, the parent company of DP&L. "This marks an exciting step in our digital transformation to provide our customers with personalized, innovative, and seamless energy services."
The Stipulation allows DP&L to invest in new technology, equipment and systems to better serve its customers, such as:
- Upgrading to an advanced metering infrastructure (AMI) to improve overall customer experience through better system reliability, performance and communication.
- Installation of technology to allow "self-healing" of portions of the grid which isolates problems and automatically re-route power without service interruption to our customers.
- Implementation of rebate programs for electric vehicle supply equipment and smart thermostats.
- In addition, DP&L will prioritize installing equipment in the west and northwest areas of the city of Dayton which were the hardest hit locations by the 2019 Memorial Day tornadoes.
DP&L maintains the lowest residential rates of the investor-owned utilities in Ohio. If the Stipulation is approved by the PUCO, the average residential customer in the DP&L service territory, using 1,000 kWh on DP&L`s Standard Service Offer, can expect a monthly bill adjustment of $0.94.
This Stipulation allows DP&L to invest in technology to help achieve its vision that customers will experience personalized, innovative and seamless energy services enabled by transformative technologies. DP&L intends to achieve this vision by leveraging the use of technology to provide customers information, choices, and engaging in new ways to interact with their utility.
Source: Dayton Power & Light Company (DP&L)
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