DPL Announces Phase Five of Generation Expansion; Regional Merchant Generation Additions Top 1,000 Megawatts.Business Editors DAYTON, Ohio--(BUSINESS WIRE)--Jan. 18, 2001 DPL (Digital PowerLine) An earlier technology for transmitting a 1 Mbps data signal over electric power lines from Nortel Networks. It was developed in the late 1990s, but later abandoned due to implementation difficulties. See broadband over power lines. Inc. (NYSE NYSE See: New York Stock Exchange :DPL) today announced Phase Five of its regional merchant generation expansion program consisting of four Pratt & Whitney combustion turbine units with a total output of 200 megawatts (MW). These units, located in Wells County, Indiana Wells County is a county located in the U.S. state of Indiana. As of 2000, the population was 27,600. The county seat is Bluffton6. Geography According to the U.S. Census Bureau, the county has a total area of 959 km² (370 mi²). , represent an investment of $80 million and are expected to be online by June 15, in time for the summer peaking season. All state and local approvals have been obtained, and construction has begun. "DPL's peaking generation strategy is a key growth driver for the Company," said Allen Hill Allen Hill (born 14 November 1843 in Huddersfield, Yorkshire; died 28 August 1910 in Leyland, Lancashire) played in the first-ever cricket Test, taking the first wicket. Hill also went on to umpire in the Test match played at Lord's in 1890. , DPL President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We have had great success selling this capacity in the Midwest and to the South. The Indiana location provides us with additional capacity and expands our regional focus." These turbines will be developed by DPL Energy, an unregulated DPL subsidiary focused on merchant generation. DPL Energy successfully completed Phases One and Two to provide an additional 475 MW of capacity. Phases Three and Four represent a total of 320 MW and are also expected to be online this summer. The five phases expand DPL's generation capacity by more than 1,000 MW and represent an investment of $350 million. DPL Inc. is a diversified regional merchant energy company. DPL's principal subsidiaries include DPL Energy and The Dayton Power and Light Company (DP&L). DPL Energy operates 3,500 megawatts of generation capacity and markets wholesale energy throughout the eastern half of the United States. DP&L provides electric services to 500,000 retail customers in West Central Ohio. DPL Inc., through its subsidiaries, has ranked among the top ten energy companies in generation efficiency and productivity for the last ten years. Further information on DPL Inc. can be found at www.dplinc.com. This press release may contain certain forward-looking statements regarding plans and expectations for the future. Investors are cautioned that actual outcomes may vary materially from those projected due to various factors beyond DPL's control. Such matters are described in the Company's 1999 Annual Report and Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and Form 10-Q Form 10-Q See 10-Q. for the quarter ending September 30, 2000. |
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