February 15, 2013

Update:  On February 14, 2013, the OMAEG participated in another settlement meeting with DP&L, which was led by PUCO Chief of Staff, Eric Weldele.  Recall that DP&L’s most recent proposal included a $142 million service stability rider (“SSR”).  In response, PUCO Staff and the Ohio Consumer’s Counsel (“OCC”) propose an SSR amount of $125 million, a requirement that DP&L move to market in four years rather than five, and a rate of return cap of 12% rather than 13%.  DP&L is currently reviewing this counter-proposal and intends to respond to intervening parties soon, but did not indicate a specific date.  In the event that a settlement agreement is not reached by next week, the OMAEG will prepare to file testimony in the proceeding by February 25, 2013.