Darren Sweeney for SNL:
Once hopeful and confident about the prospects of receiving an income guarantee for more than 2,000 MW of coal-fired generation in Ohio, Dayton Power and Light Co. pivoted to retiring and selling coal capacity to advance its new, six-year electric security plan.
The AES Corp. subsidiary filed a settlement agreement Jan. 30 with the Public Utilities Commission of Ohio that includes a commitment to pursuing the sale of its ownership interests in the Conesville, Miami Fort and W.H. Zimmer coal plants. DP&L also has reached a separate agreement in principle with the Sierra Club to retire the coal-fired 2,308-MW J.M. Stuart and 600-MW Killen Station plants in June 2018. The Sierra Club, therefore, could sign on to the settlement filed with PUCO this week.
The utility agreed to develop at least 300 MW of solar and wind generation in Ohio by 2022, as well as invest $35 million in smart grid investments and more than $2 million in economic assistance and job training.