Update: DP&L filed additional testimony in its ESP case. The testimony directly addresses the financial condition of DPL Inc. and DP&L, alleging that both DPL Inc.’s and DP&L’s financial integrity is already impaired, which limits their access to reasonably priced debt capital and equity capital. In urging the PUCO to approve the credit support rider (called the distribution modernization rider or Rider DMR) and its $1 billion in costs to customers, the testimony states that it is unlikely that short-term or other financing would be available to DPL Inc. or DP&L without a credit support rider, similar to what the PUCO authorized FirstEnergy to collect.
November 4, 2016, Volume 5, Issue 158
11/04/2016