DPL Completes Generation Expansion Program.

Business Editors

DAYTON, Ohio--(BUSINESS WIRE)--July 18, 2002

DPL Inc. (NYSE:DPL) today announced that it has completed its generation capacity expansion program bringing its total capacity to more than 4,600 megawatts (MW) and achieving its optimum generation mix of 65% low cost coal and 35% natural gas fired generation.

DPL's expansion program has increased its total capacity by more than 32% over the past four years, adding 1,488 MW of peaking capacity throughout Ohio and Indiana. The most recent additions include 320 MW at Tait Station in Dayton, Ohio and 160 MW at Darby Station southwest of Columbus, Ohio, a combined investment of $179 million. These units were brought on line as scheduled, in time for the 2002 summer peaking season. DPL's ongoing capital program for 2002 and 2003 includes required NOx removal equipment and will be funded 100% internally.

Well positioned in the Midwest energy markets, DPL's current optimum capacity mix matches the ECAR load curve, creating favorable wholesale opportunities. DPL receives about 90% of its revenues from its existing retail market of 500,000 customers in West Central Ohio with the remaining 10% of revenues from the wholesale market. For the summer of 2002, DPL has sold forward approximately 80% of its available 1,100 MW of peaking capacity.

DPL Inc. is a diversified regional energy company. DPL's principal subsidiaries include The Dayton Power & Light Company (DP&L) and DPL Energy. DP&L provides electric services to over 500,000 retail customers in West Central Ohio. DPL Energy operates over 4,600 megawatts of generation capacity and markets wholesale energy throughout the eastern United States. DPL Inc., through its subsidiaries, ranks among the top energy companies in generation efficiency and productivity. Further information on DPL Inc. can be found at www.dplinc.com.