DAYTON, Ohio, Jan. 18, 2001(BUSINESS WIRE)–DPL Inc. (NYSE:DPL) today announced Phase Five of its regional merchant generation expansion program consisting of four Pratt & Whitney combustion turbine units with a total output of 200 megawatts (MW). These units, located in Wells County, Indiana, represent an investment of $80 million and are expected to be online by June 15, in time for the summer peaking season. All state and local approvals have been obtained, and construction has begun.
“DPL’s peaking generation strategy is a key growth driver for the Company,” said Allen Hill, DPL President and CEO. “We have had great success selling this capacity in the Midwest and to the South. The Indiana location provides us with additional capacity and expands our regional focus.”
These turbines will be developed by DPL Energy, an unregulated DPL subsidiary focused on merchant generation. DPL Energy successfully completed Phases One and Two to provide an additional 475 MW of capacity. Phases Three and Four represent a total of 320 MW and are also expected to be online this summer. The five phases expand DPL’s generation capacity by more than 1,000 MW and represent an investment of $350 million.
DPL Inc. is a diversified regional merchant energy company. DPL’s principal subsidiaries include DPL Energy and The Dayton Power and Light Company (DP&L). DPL Energy operates 3,500 megawatts of generation capacity and markets wholesale energy throughout the eastern half of the United States.
DP&L provides electric services to 500,000 retail customers in West Central Ohio. DPL Inc., through its subsidiaries, has ranked among the top ten energy companies in generation efficiency and productivity for the last ten years. Further information on DPL Inc. can be found at www.dplinc.com.