Dayton Power & Light has filed an appeal to a March order by the Ohio Public Utilities Commission requiring the utility to hasten its divestiture of around 3,400 MW of mostly coal-fired capacity, according to a report from Platts.
The utility stated in the appeal the order would jeopardize its financial integrity, Platts reported. DP&L stated it would not be in a position to spin off the capacity and complete corporate separation until May 31, 2017, 16 months after the commission’s mandated timetable, unless it can find a buyer for the generation assets at an acceptable price.
A commission spokesperson told Platts the commission will need to decide whether to rehear the case, and a final decision could be months away if it does.
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