DPL Reviews Competitive Bids for Audit Services.Business Editors DAYTON, Ohio--(BUSINESS WIRE)--March 14, 2003 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) states that on February 25, 2003, DPL's Finance & Audit Review Committee of the Board chose to seek competitive bids for independent auditing services in 2003. The Committee had issued requests for proposals to several firms including PricewaterhouseCoopers, which did not submit a proposal. "The decision to seek competitive bids was based on economic considerations," said Stephen F. Koziar, President and Chief Executive Officer. "This decision by our Board was detailed in our 2003 Proxy Statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. which was filed March 5, 2003." DPL expects to complete its selection process and appoint its independent auditor Independent Auditor An external auditor with a certified public accounting designation that qualifies him or her to provide an auditor's report. Notes: These auditors aren't affiliated with the company being audited. by the end of March. 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 markets over 4,600 megawatts of generation capacity 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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