May 11, 2012

Update:  The prehearing conference and a settlement conference were held this week. Additionally, new intervening parties include: 1) AEP-Ohio; 2) SolarVision LLC; and, 3) the Council of Smaller Enterprises.

DP&L proposed a new settlement (CONFIDENTIAL) term sheet as a settlement proposal that would increase the portion of standard service offer (“SSO”) or default load that was served pursuant to a competitive bid process (“CBP”) and shorten the transition to market. However, in exchange for a shorter transition to market, the nonbypassable ESSC rider would increase from $390 million to $520 million. Further, while DP&L agreed to keep some currently bypassable charges bypassable, it added an additional, unknown charge for reducing barriers to competition. The OMAEG provided feedback to DP&L on Tuesday, May 8, 2012. DP&L committed to providing additional information in the next few days and an additional settlement meeting will take place on Wednesday, May 16, 2012.