Dive Summary:
- Dayton Power & Light (DP&L), which covers parts of Central Ohio, is seeking approval from regulators to charge an additional $5 per household, a total increase of $120 million over five years.
- Although household's energy bills would increase by $5, DP&L argues that rates will only increase by 1% due to reductions on other rates.
- In August, the Public Utilities Commission of Ohio approved a similar request from American Electric Power to increase rates by $500 million over three years, spurring DP&L's recent request.
From the article:
"... The request is similar to what American Electric Power asked for from regulators and was granted in August.
DP&L, whose territory includes parts of Madison, Pickaway and Union counties in central Ohio, wants to charge $120 million per year for five years for a 'service stability rider' to cover the period in which the company will make a transition to market-based pricing. The company’s 'financial integrity will be threatened without such a charge,' according to the application, filed on Friday. ..."
