Update: DP&L held a technical conference to explain the various features contained in its application and allow parties to ask questions about the application. DP&L was asked whether the recent FERC order might cause it to restructure some of the features of its application. In response, DP&L stated it was still evaluating the FERC order; thus it remains to be seen whether DP&L will shift its strategy to avoid any potential FERC issues. DP&L also explained that it does not envision creating a PPA along the lines of what was seen in the AEP and FirstEnergy cases. Though DP&L was hazy on the details, the proposal appears to contemplate a situation where its affiliate will bid the output into the PJM markets. Market revenues received by the affiliate will then be compared against DP&L’s projections. If market revenues fall below projections, customers will incur a charge which will flow to DP&L, then to the parent company, and ultimately to the affiliate. If market revenues exceed projections, customers will receive a credit; the credit will flow from the affiliate, then to the parent company, then to DP&L, and ultimately to customers.