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An Important Milestone Is Reached in the Dayton Power and Light Distribution Rate Review

DAYTON, Ohio–(BUSINESS WIRE)–The Dayton Power and Light Company (DP&L), a subsidiary of The AES
Corporation (NYSE: AES), announces today the Public Utilities Commission
of Ohio (PUCO) staff issued its report and recommendation regarding the
DP&L Distribution Rate application. DP&L initiated the rate review in
late 2015. The staff report and recommendation is the next procedural
step in the regulated rate review process and initiates a formal
schedule, including a local public hearing.

“DP&L’s base rates for maintaining wires and poles have not changed
since 1991 despite continued investments to our distribution system. Our
customers have benefited from stable, low-cost base distribution rates.
As this case moves forward, DP&L’s rates have been and are expected to
continue to be the lowest in Ohio,” said spokesperson Mary Ann Kabel.

With the PUCO staff report issued, DP&L looks forward to moving ahead
with the rate review, and working with the parties to achieve a
favorable outcome which would allow DP&L to continue to provide its
customers with low-cost, safe and reliable distribution service. We are
currently reviewing the report that was released today. The PUCO staff’s
report reviews current operating expenses as well as an audit of assets
and investments since the last distribution rate case in 1991. DP&L
remains committed to its original application, which addresses a fair
proposal while balancing the needs of the customer and the Company, and
expects to work cooperatively with the parties involved to resolve any

About The Dayton Power and Light Company, and The AES Corporation

The Dayton Power and Light Company is the principal subsidiary of DPL
Inc. (DPL), a regional energy provider and an AES company. DPL’s other
significant subsidiaries include AES Ohio Generation, LLC (AES Ohio
Gen), Miami Valley Insurance Company (MVIC), and Miami Valley Lighting,
LLC (MVLt). The Dayton Power and Light Company, a regulated electric
utility, provides service to over 520,000 customers in West Central
Ohio; AES Ohio Gen engages in the operation of merchant peaking and
generation facilities; MVIC, a captive insurance company, provides
insurance services to DPL and its subsidiaries, and MVLt maintains
outdoor lighting to governments and businesses. DPL, through its
subsidiaries, owns and operates approximately 2,175 megawatts of
generation capacity, of which 1,150 megawatts are coal-fired units and
1,000 megawatts are solar, natural gas, battery storage and diesel
peaking units. For more information about the company, please visit www.dplinc.com.
Connect with DP&L at www.twitter.com/dpltoday,
and at www.facebook.com/DPLToday.

The AES Corporation (NYSE: AES) is a Fortune 200 global power company.
We provide affordable, sustainable energy to 15 countries through our
diverse portfolio of distribution businesses as well as thermal and
renewable generation facilities. Our workforce is committed to
operational excellence and meeting the world’s changing power needs. Our
2017 revenues were $11 billion and we own and manage $33 billion in
total assets. To learn more, please visit www.aes.com.
Follow AES on Twitter @TheAESCorp.


The Dayton Power and Light Company
Mary Ann Kabel, 937-224-5940