Dive Brief:

• Ohio regulators have directed Dayton Power & Light (DP&L) to speed up plans to offload its power plant fleet and move to full competition.
• The Ohio Public Utilities Commission ordered the AES Corp. subsidiary to divest its roughly 3,450-MW power plant fleet by 2016, up from May 31, 2017. DP&L's fleet is mainly coal-fired.
• The accelerated timetable may be feasible if the company can sell its generating assets. The utility could retain the fleet in an unregulated affiliated company.

Dive Insight:

DP&L said last month it was considering selling its power plant fleet. The company still has more than a year and a half to make that happen.