Update:  DP&L called another settlement meeting on September 5, 2012, to respond to the counter-offer submitted by all of the intervening parties, including OMAEG.  DP&L stated that it could not accept the counter-offer and that it intends to withdraw its MRO and file a new ESP filing that “reflects the PUCO’s decision in the AEP case.”  We anticipate that DP&L will argue that it should be subsidized such that it achieves a return on equity of between 7-11%, which is what the PUCO determined AEP-Ohio needed to maintain financial health.  The intervening parties will have a conference call next week to scope out the next steps and to determine whether some settlement is salvageable.  We will provide an update after that discussion.