DPL Inc. News

Loading the latest news for DPL Inc.

1. 5/16/2013 7:55:00 AM 8-K - DPL INC (0000787250) (Filer)
   published by SEC Filings
   Filed: 2013-05-16 AccNo: 0000787250-13-000023 Size: 2 MB Item 1.01: Entry into a Material Definitive Agreement Item 1.02: Termination of a Material Definitive Agreement Item 2.03: Creation of a Direct Financial Obligation or an Obligation under an ...
   
2. 5/10/2013 12:01:00 AM DP&L power plant to close
   published by Dayton Daily News (OH)
   May 10-- The AES Corp., the parent company of Dayton Power& Light, said Thursday that its first-quarter profit fell 76 percent due in part to costs associated with the local utility. In its filing with the Securities and Exchange Commission, the global energy company also disclosed that it plans to close the O.H. Hutchings Generating Station in Miamisburg along the...
   
3. 5/8/2013 4:37:00 PM Reward Offered for Ohios Oldest Refrigerator
   published by Equities.com
   Reward Offered for Ohio's Oldest Refrigerator The Dayton Power and Light CompanyNewsRx.com By a News Reporter-Staff News Editor at Energy Weekly News -- Dayton Power & Light is joining utilities throughout the state to kick off Ohio's Oldest Refrigerator ...
   
4. 5/8/2013 12:04:00 PM Reward Offered for Ohio's Oldest Refrigerator
   published by Energy Weekly News
   By a News Reporter-Staff News Editor at Energy Weekly News-- Dayton Power& Light is joining utilities throughout the state to kick off Ohio's Oldest Refrigerator Contest. To enter the contest, Dayton Power& Light customers simply have to sign up to have their refrigerator or freezer picked up for free and recycled by calling 877-545-4112, or visiting...
   
5. 4/30/2013 11:50:00 AM Dayton Power & Light puts 'bounty' on Ohio's oldest refrigerator
   published by Elp.com
   Sponsored by As part of an energy efficiency initiative, Dayton Power & Light is joining utilities throughout the state to kick off Ohio's Oldest Refrigerator Contest. The winning customer gets a $1,250 prize for the state's most ancient refrigerator or ...
   
6. 4/30/2013 9:57:00 AM Reward Offered for Ohio's Oldest Refrigerator
   published by Company and Organization Website News
   Dayton Power & Light is joining utilities throughout the state to kick off Ohio's Oldest Refrigerator Contest. The winning customer gets a $1,250 prize for the state's most ancient refrigerator or freezer. To enter the contest, Dayton Power & Light ...
   
7. 4/30/2013 9:55:00 AM THE AES CORPORATION : Reward Offered for Ohio's Oldest Refrigerator
   published by 4 Traders
   Dayton Power & Light Announces $1,250 Bounty for State's Oldest Functioning Refrigerator or Freezer Dayton Power & Light is joining utilities throughout the state to kick off Ohio's Oldest Refrigerator Contest. The winning customer gets a $1,250 prize for ...
   
8. 4/30/2013 9:38:00 AM Reward Offered for Ohio’s Oldest Refrigerator
   published by Business Wire
   Dayton Power& Light is joining utilities throughout the state to kick off Ohio’ s Oldest Refrigerator Contest. To enter the contest, Dayton Power& Light customers simply have to sign up to have their refrigerator or freezer picked up for free and recycled by calling 877-545-4112, or visiting dpandl.com/contest, from May through July. The Dayton Power& Light...
   
9. 4/18/2013 1:11:00 AM Fitch Affirms AES' Ratings; Outlook Stable
   published by Company and Organization Website News
   Fitch Ratings has affirmed the Issuer Default Rating (IDR) of AES Corp. (AES) at 'BB-'. Fitch has also affirmed the following ratings: --Short-term IDR at 'B' --Senior secured debt at 'BB+' --Unsecured debt at 'BB' --Trust preferred stock issued by ...
   
10. 4/18/2013 12:00:00 AM Fitch Affirms AES' Ratings; Outlook Stable
    published by Professional Services Close-Up
    Fitch Affirms AES Ratings Outlook Stable Professional Services Close Up Fitch Ratings has affirmed the Issuer Default Rating IDR of AES Corp AES at BB Fitch has also affirmed the following ratings Short term IDR at B Senior secured debt at BB Unsecured debt at BB Trust preferred stock issued by AES Trust III at B The Rating Outlook is StableThe affirmation reflects an improving business risk profile with the exit from non core markets and sale of non core assets sustainable reduction in corporate overhead costs and new growth investments in long term contractual electricity generation assets located in key regionsKEY RATING DRIVERSDeleveraging Improves Business profile Fitch expects AES to continue to deleverage in absolute terms and it is a key rating driver for the assigned IDR The company repaid 531 million of its recourse debt in 2012 and Fitch expects the company to further deleverage in 2013Exit From Non Core Markets In affirming the IDR Fitch assumed that the company will continue to divest its non core businesses and exit non core regions The company sold a number of non core projects for an expected 1 billion in proceeds and Fitch expects AES to continue to improve its credit and business risk profile by exiting non core markets and narrowing its investment focus in terms of geographical diversityReduced Cash Flow Large capital expenditures will be required in select portfolio investments including Indianapolis Power & Light IPL and internationally in Chile and Asian subsidiaries AES will likely downstream equity as well as face reduced upstream distributions through 2015 The stress on credit metrics during the construction period is manageable AES cash flows are subordinated to substantial levels of project debt and other covenants and restrictions typical in project level financingSovereign Credit Risks AES has a broad exposure to international markets including sub investment grade countries exposing cash flows to various risk factors These risks are common in emerging economies where state finances and the property rights are weak and currency conversions and capital flows can be restricted A large portfolio of investments across many markets reduces this exposure riskManageable Debt Maturities Just 8 million of corporate level debt will mature in 2013 AES debt maturities are 508 million in 2014 and 2015 Fitch views these debt maturities as manageable given AES liquidity and cash flow profileLiquidityAES has sufficient liquidity to meet its short term obligations at least through 2014 The company had 311 million in cash and cash equivalents at the end of December 2012 In addition 795 million was available under its revolving bank credit facilities maturing in 2015 Fitch expects AES to maintain at least between 550 million 650 million in liquidityAdjusted Parent Only Cash FlowFitch analyzes AES as a holding company owning a portfolio of assets and investments in a global electricity sector given its somewhat unique corporate profile and structure Financially this represents a deconsolidated approach with respect to AES cash flows and debt levels Fitch uses adjusted parent operating cash flows APOCF a non GAAP measure with its emphasis on dividends received and return on capital to analyze AES credit metrics This approach similar to the method used by AES lenders in financial covenants recognizes that the subsidiaries are encumbered by individual debt that is structurally superior to the debt of the corporate parent The residual subsidiary cash flow available for upstream dividends and distributions has greater volatility than the direct cash flow of the operating subsidiaries and may be subject to payment restrictions under subsidiary debt covenants corporate by laws or national lawsTrends In Credit MetricsIn 2012 the company benefited from higher free cash flow at its US and Philippines based merchant generation business and higher tariffs in Panama Financial ratios for 2012 were in line with Fitchs guidelines for the BB IDRFitch has assumed that management will adjust its strategy to improve cash flow in light of new regulatory changes in one of its largest strategic regions Brazil In addition Fitch neither assumed any dividends from DPL Inc DPL Fitch BB IDR.
    
11. 4/17/2013 12:54:00 PM Dayton Power & Light Seeks Bids for Coal Supply
    published by Energy Weekly News
    By a News Reporter-Staff News Editor at Energy Weekly News-- The Dayton Power and Light Company has issued a Request for Proposals for coal for use at its two Ohio River electric generating stations in Aberdeen and Wrightsville, Ohio. Proposals can be submitted by email to DPLCoalRFP@dplinc.com or mailed to Fuel Procurement, Dayton Power& Light, 1065 Woodman Dr.,...
    
12. 4/15/2013 12:01:00 PM Fitch Affirms AES' Ratings; Outlook Stable
    published by Business Wire
    --Trust preferred stock issued by AES Trust III at' B+'. The company repaid $531 million of its recourse debt in 2012 and Fitch expects the company to further deleverage in 2013.. The company sold a number of non-core projects for an expected $1 billion in proceeds and Fitch expects AES to continue to improve its credit and business risk profile by exiting non-core...
    
13. 4/9/2013 2:20:00 PM Dayton Power & Light Seeks Bids for Coal Supply
    published by Business Wire
    The Dayton Power and Light Company has issued a Request for Proposals for coal for use at its two Ohio River electric generating stations in Aberdeen and Wrightsville, Ohio. About The Dayton Power and Light Company and DPL Inc.. The Dayton Power and Light Company is the principal subsidiary of DPL Inc., a regional energy company.
    
14. 3/11/2013 3:01:00 AM DPL annual earnings decrease
    published by Datamonitor Energy/UtilitiesWire
    DPL Inc., an electric energy and utility company, has reported earnings on common stock of 90.3 million for the year ended December 31, 2012, compared to 192.3 million for the year ended December 31, 2011. Revenues for the year ended December 31, 2012 were $1.53 billion, compared to $1.68 billion for the year ended December 31, 2011. Operating income for the year...