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Ownership of Coal-fired Facilities
 9 Months Ended
Sep. 30, 2014
Ownership of Coal-fired Facilities

 

4.  Ownership of Coal-fired Facilities 

 

DP&L has undivided ownership interests in seven coal-fired electric generating facilities, various peaking facilities and numerous transmission facilities with certain other Ohio utilities.  Certain expenses, primarily fuel costs for the generating units, are allocated to the owners based on their energy usage.  The remaining expenses, investments in fuel inventory, plant materials and operating supplies, and capital additions are allocated to the owners in accordance with their respective ownership interests.  At September 30, 2014,  DP&L had  $19.0 million of construction work in process at such jointly owned facilities.  DP&L’s share of the operating cost of such facilities is included within the corresponding line in the Condensed Consolidated Statements of Results of Operations and DP&L’s share of the investment in the facilities is included within Total net property, plant and equipment in the Condensed Consolidated Balance Sheets.  Each joint owner provides their own financing for their share of the operations and capital expenditures of the jointly owned units and stations. 

   

DP&L’s undivided ownership interest in such facilities at September 30, 2014 is as follows: 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DP&L Share

 

 

DPL Carrying value

Jointly owned production units and stations:

 

Ownership
(%)

 

Summer Production Capacity (MW)

 

Gross Plant in Service
($ in millions)

 

Accumulated Depreciation
($ in millions)

 

Construction Work in Process
($ in millions)

 

SCR and FGD Equipment Installed and in Service (Yes/No)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beckjord Unit 6

 

50.0

 
207 

 

$
2 

 

$
1 

 

$

 -

 

No

Conesville Unit 4

 

16.5

 
129 

 

 
24 

 

 
1 

 

 

 -

 

Yes

East Bend Station

 

31.0

 
186 

 

 

 -

 

 

 -

 

 

 -

 

Yes

Killen Station

 

67.0

 
402 

 

 
309 

 

 
17 

 

 
2 

 

Yes

Miami Fort Units 7 and 8

 

36.0

 
368 

 

 
213 

 

 
21 

 

 
1 

 

Yes

Stuart Station

 

35.0

 
808 

 

 
213 

 

 
15 

 

 
12 

 

Yes

Zimmer Station

 

28.1

 
365 

 

 
181 

 

 
33 

 

 
4 

 

Yes

Transmission (at varying percentages)

 

 

 

n/a

 

 
42 

 

 
5 

 

 

 -

 

 

Total

 

 

 
2,465 

 

$
984 

 

$
93 

 

$
19 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beckjord Unit 6, in which DP&L has a 50% ownership interest, is currently inoperable, and there are no plans to return it to service.  This unit was retired effective October 1, 2014.

         

DPL revalued DP&L’s investment in the above plants at the estimated fair value for each plant at the Merger date. 

   

As discussed in Note 13, we have reached an agreement to sell our interest in the East Bend station.

   

DP&L [Member]
  
Ownership of Coal-fired Facilities

   

4.  Ownership of Coal-fired Facilities 

   

DP&L has undivided ownership interests in seven coal-fired electric generating facilities, various peaking facilities and numerous transmission facilities with certain other Ohio utilities.  Certain expenses, primarily fuel costs for the generating units, are allocated to the owners based on the energy taken.  The remaining expenses, investments in fuel inventory, plant materials and operating supplies, and capital additions are allocated to the owners in accordance with their respective ownership interests.  As of September 30, 2014,  DP&L had $19.0 million of construction work in process at such jointly owned facilities.  DP&L’s share of the operating cost of such facilities is included within the corresponding line in the Condensed Statements of Results of Operations and DP&L’s share of the investment in the facilities is included within Total net property, plant & equipment in the Condensed Balance Sheets.  Each joint owner provides their own financing for their share of the operations and capital expenditures of the jointly owned unit or station. 

   

DP&L’s undivided ownership interest in such facilities at September 30, 2014, is as follows: 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DP&L Share

 

 

DP&L Carrying value

Jointly owned production units and stations:

 

Ownership
(%)

 

Summer Production Capacity (MW)

 

Gross Plant in Service
($ in millions)

 

Accumulated Depreciation
($ in millions)

 

Construction Work in Process
($ in millions)

 

SCR and FGD Equipment Installed and in Service (Yes/No)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beckjord Unit 6

 

50.0

 
207 

 

$
76 

 

$
74 

 

$

 -

 

No

Conesville Unit 4

 

16.5

 
129 

 

 
22 

 

 
3 

 

 

 -

 

Yes

East Bend Station

 

31.0

 
186 

 

 
2 

 

 
1 

 

 

 -

 

Yes

Killen Station

 

67.0

 
402 

 

 
624 

 

 
311 

 

 
2 

 

Yes

Miami Fort Units 7 and 8

 

36.0

 
368 

 

 
361 

 

 
159 

 

 
1 

 

Yes

Stuart Station

 

35.0

 
808 

 

 
751 

 

 
319 

 

 
12 

 

Yes

Zimmer Station

 

28.1

 
365 

 

 
1,100 

 

 
670 

 

 
4 

 

Yes

Transmission (at varying percentages)

 

 

 

n/a

 

 
98 

 

 
62 

 

 

 -

 

 

Total

 

 

 
2,465 

 

$
3,034 

 

$
1,599 

 

$
19 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beckjord Unit 6, in which DP&L has a 50% ownership interest, is currently inoperable, and there are no plans to return it to service.  This unit was retired effective October 1, 2014.

       

In May 2014, an agreement was signed for the sale of DP&L’s interest in the generating assets at East Bend.  This transaction is expected to close by the end of 2014.