DPL Offers Customers Rate Freeze Through 2005.Business Editors DAYTON, Ohio--(BUSINESS WIRE)--Oct. 28, 2002 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 filed a proposal with the Public Utilities Commission of Ohio The Public Utilities Commission of Ohio (PUCO) is an agency of Federal State of Ohio that is charged with the regulation of utility service providers such as those of electricity, natural gas, and telecommunications as well as railroad safety and intrastate hazardous to freeze its rates for an additional two years, through the end of 2005. DPL's rates have not changed since 1994. This action was prompted in part by the uncertainty surrounding sur·round tr.v. sur·round·ed, sur·round·ing, sur·rounds 1. To extend on all sides of simultaneously; encircle. 2. To enclose or confine on all sides so as to bar escape or outside communication. n. the effect of deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. on electric rates and proposals advanced by various parties. With the deregulation of Ohio's electric markets, DPL's generation rates could become market-based at the end of 2003, allowing the rates to fluctuate based on market prices and causing uncertainty in the price consumers pay for electricity. DPL's proposal removes this uncertainty and provides its customers with two more years of rate stability. By the end of 2005, customers would have enjoyed the benefits of 11 years of frozen prices. In addition, DPL recognizes that a competitive market has yet to evolve in its West Central Ohio service area. The additional two years of rate stability would provide more time for the market to develop while protecting consumers. "We believe that our proposal offers the best balance and protection for our customers, shareholders and the local community," said Steve Koziar, DPL President and Chief Executive Officer. "In a time when other deregulated electric markets have produced a great deal of volatility, we are offering our customers prices they can count on. Guaranteed. It's tomorrow's energy at today's prices." DPL Inc. is a diversified diversified (di·verˑ·s 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 United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . 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. |
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