Dayton Power and Light (DP&L) has amended its Electric Security Plan application to the Public Utilities Commission (PUCO), proposing a $145 million per year “distribution modernization rider.”
The utility says that the rider is necessary to allow it to maintain its financial integrity and to access equity and debt capital in order to finance transmission and distribution infrastructure modernization investments. DP&L also stated that the cash flow from the rider will be used to pay interest obligations on existing debt, make discretionary debt prepayments, and allow DP&L to make capital expenditures to maintain the company’s transmission and distribution infrastructure.
The Ohio Consumers’ Counsel estimates the newly requested rider would cost Dayton-area consumers $1.01 billion over seven years.
The OMA Energy Group is an intervenor in the case to protect manufacturers’ interests. 10/13/2016