Ownership of Coal-fired Facilities

3 Months Ended

Mar. 31, 2015

Ownership of Coal-fired Facilities

3.  Ownership of Coal-fired Facilities 

DP&L has undivided ownership interests in five 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 March 31, 2015,  DP&L had $24.0 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 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 March 31, 2015 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)
Conesville Unit 4	16.5	129	$	25	$	2	$	1	Yes
Killen Station	67.0	402		308		22		4	Yes
Miami Fort Units 7 and 8	36.0	368		214		26		3	Yes
Stuart Station	35.0	808		220		17		12	Yes
Zimmer Station	28.1	371		185		37		4	Yes
Transmission (at varying percentages)		n/a		42		6		-
Total		2,078	$	994	$	110	$	24

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

DP&L [Member]

Ownership of Coal-fired Facilities

3.  Ownership of Coal-fired Facilities 

DP&L has undivided ownership interests in five 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 March 31, 2015,  DP&L had $24.0 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 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 March 31, 2015, 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)
Conesville Unit 4	16.5	129	$	24	$	5	$	1	Yes
Killen Station	67.0	402		624		317		4	Yes
Miami Fort Units 7 and 8	36.0	368		361		164		3	Yes
Stuart Station	35.0	808		758		327		12	Yes
Zimmer Station	28.1	371		1,104		679		4	Yes
Transmission (at varying percentages)		n/a		98		63		-
Total		2,078	$	2,969	$	1,555	$	24