DPL Posts Strong Third Quarter Results.DAYTON Dayton, city (1990 pop. 182,044), seat of Montgomery co., SW Ohio, on the Great Miami River where it is joined by the Stillwater River; inc. 1805. It is the trade center for a fertile farm area, but is best known for its involvement with industry, invention, and , Ohio--(BUSINESS WIRE)--Oct. 14, 1999-- 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. reported strong third quarter earnings today. Earnings were $0.36 per share, up five cents over 1998 third quarter earnings of $0.31 per share representing a 16% increase. The entire eastern half of the 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. experienced high heat and humidity humidity, moisture content of the atmosphere, a primary element of climate. Humidity measurements include absolute humidity, the mass of water vapor per unit volume of natural air; relative humidity (usually meant when the term humidity during the month of July July: see month. . Earnings increased as the result of the completion of DPL's Phase One expansion of its combustion combustion, rapid chemical reaction of two or more substances with a characteristic liberation of heat and light; it is commonly called burning. The burning of a fuel (e.g., wood, coal, oil, or natural gas) in air is a familiar example of combustion. turbine turbine, rotary engine that uses a continuous stream of fluid (gas or liquid) to turn a shaft that can drive machinery. A water, or hydraulic, turbine is used to drive electric generators in hydroelectric power stations. program representing an additional 250 MW of peaking capacity. DPL's overall generation availability during the period was 95%, and peaking generation was 98% available. Mr. Allen Al·len , Edgar 1892-1943. American anatomist who is noted for his studies of hormones and for the discovery (1923) of estrogen. M. Hill, 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. of DPL Inc., said, "We continue to focus on our electric generation success fundamentals -- availability, heat rate, and fuel costs, all of which are substantially better than the industry average. DPL set a record peak of 3,130,000 kilowatts on July 30 surpassing last year's record by 4%. In the face of this record demand, DPL's generating business unit performed exceptionally well. Our ability to generate energy profitably in both normal and extreme conditions produces great results for our shareholders and customers." On August 30, DPL announced Phase Two of its strategy to expand generation which will provide an additional 225 MW of peaking capacity. The capacity will be immediately accretive to earnings when operational next summer. The strong third quarter earnings, coupled with prior earnings increases in both the first and second quarters, resulted in year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. earnings of $1.08 per share, up 8% from $1.00 per share in 1998. -0-
DPL Inc.
FINANCIAL DATA
(Unaudited)
(in millions, except per share amounts)
Three Months Ended
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September
1999 1998
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Earnings Per Share of Common Stock $ 0.36 $ 0.31
Operating Revenues $ 331.3 $ 330.1
Net Income $ 53.6 $ 47.5
Average Number of Common Shares 151.1 153.0
Outstanding
Nine Months Ended
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September
1999 1998
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Earnings Per Share of Common Stock $ 1.08 $ 1.00
Operating Revenues $ 1,005.2 $ 1,015.5
Net Income $ 163.6 $ 153.0
Average Number of Common Shares 151.7 152.7
Outstanding
Twelve Months Ended
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September
1999 1998
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Earnings Per Share of Common Stock $ 1.31 $ 1.23
Operating Revenues $ 1,342.0 $ 1,382.5
Net Income $ 199.7 $ 188.1
Average Number of Common Shares 152.1 152.5
Outstanding
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