Update: On November 21, 2012, the joint parties, including the OMAEG, that have been involved in opposing DP&L’s request to extend its existing rate stabilization charge participated in a conference call regarding DP&L’s new proposed ESP. Essentially, the majority of the parties on the call agreed that DP&L is unlikely willing to settle the case and believe that the case will go to litigation. Recall that DP&L was originally requesting $73 million annually; however, DP&L now requests approval of a nonbypassable, $120 million service stability charge in order to provide what it deems “a reasonable rate of return. In the event that the case proceeds to litigation, the OMAEG will need to submit intervenor testimony by January 28, 2013, and the evidentiary hearing will commence on February 11, 2013. We will continue to participate in settlement discussions with the PUCO Staff and DP&L, and will provide updates accordingly.
November 23, 2012, Volume 1, Issue 116
11/23/2012