Held for Sale (Notes)

6 Months Ended

Jun. 30, 2017

Long Lived Assets Held-for-sale [Line Items]

Discontinued Operations

Discontinued Operations

On January 1, 2016, DPL closed on the sale of DPLER, its competitive retail business. The sale agreement was signed on December 28, 2015 and DPL recorded a gain on this transaction of $49.2 million in the first quarter of 2016. The gain includes the impact of DPLER’s liability to DP&L that transferred with the sale on January 1, 2016 but was eliminated in consolidation as of December 31, 2015.

Operating activities related to DPLER have been reclassified to "Discontinued operations" in the Condensed Consolidated Statements of Operations for the six months endedJune 30,2016.

The following table summarizes the revenues, cost of revenues, operating expenses and income tax of discontinued operations for the periods indicated:

	Six months ended June 30,
$ in millions	2016
Operating expenses	$	(0.7	)
Loss from discontinued operations before income taxes	(0.7		)
Gain from disposal of discontinued operations	49.2
Income tax expense	18.9
Income on discontinued operations	$	29.6

Cash flows related to discontinued operations are included in our Condensed Consolidated Statements of Cash Flows. Cash flows from operating activities for discontinued operations were $(0.7) million for the six months endedJune 30,2016. Cash flows from investing activities for discontinued operations were $75.5 million for the six months endedJune 30,2016. All cash generated from discontinued operations was paid to DPL through dividends for all periods presented.

Assets and Liabilities Held For Sale

On April 21, 2017, DP&L and AES Ohio Generation entered into an Asset Purchase Agreement with subsidiaries of Dynegy Inc., for the sale of DP&L's undivided interests in the Zimmer Station and the Miami Fort Station for cash and the assumption of certain liabilities, including environmental liabilities. The cash purchase price is subject to adjustment at closing based on the amount of certain inventories, pre-paid amounts, employment benefits, insurance premiums, property taxes and other costs prior to closing. The sale is subject to approval by the FERC and is expected to close in the third quarter of 2017.

Accordingly, the assets and liabilities of Zimmer Station and Miami Fort Station were classified as held for sale as of June 30, 2017, but the plants did not meet the criteria to be reported as discontinued operations. The following table summarizes the major classes of assets and liabilities as of June 30, 2017:

$ in millions	June 30, 2017
Assets
Inventories	$	24.0
Property, plant & equipment, net	44.6
Total assets of the disposal group classified as held for sale in the balance sheet	$	68.6
Liabilities
Accounts payable	$	12.9
Accrued taxes	4.9
Asset retirement obligations	4.7
Other liabilities	0.7
Total liabilities of the disposal group classified as held for sale in the balance sheet	$	23.2

Zimmer Station and Miami Fort Station's results are reflected within continuing operations in the Condensed Consolidated Statements of Operations. The combined income / (loss) from continuing operations before income tax for Zimmer Station and Miami Fort Station was $3.0 million and $(9.7) million for the three months ended June 30, 2017 and 2016, respectively, and $2.2 million and $(16.2) million for the six months ended June 30, 2017 and 2016, respectively. Zimmer Station and Miami Fort Station are included in the Generation segment.

Subsidiaries [Member]

Long Lived Assets Held-for-sale [Line Items]

Discontinued Operations

Assets and Liabilities Held For Sale

On April 21, 2017, DP&L and AES Ohio Generation entered into an Asset Purchase Agreement with subsidiaries of Dynegy Inc., for the sale of DP&L's undivided interests in the Zimmer Station and the Miami Fort Station for cash and the assumption of certain liabilities, including environmental liabilities. The cash purchase price is subject to adjustment at closing based on the amount of certain inventories, pre-paid amounts, employment benefits, insurance premiums, property taxes and other costs prior to closing. The sale is subject to approval by the FERC and is expected to close in the third quarter of 2017.

Accordingly, the assets and liabilities of Zimmer Station and Miami Fort Station were classified as held for sale as of June 30, 2017, but the plants did not meet the criteria to be reported as discontinued operations. The following table summarizes the major classes of assets and liabilities as of June 30, 2017:

$ in millions	June 30, 2017
Assets
Inventories	$	24.0
Property, plant & equipment, net	44.6
Total assets of the disposal group classified as held for sale in the balance sheet	$	68.6
Liabilities
Accounts payable	$	12.9
Accrued taxes	4.9
Asset retirement obligations	3.7
Other liabilities	0.7
Total liabilities of the disposal group classified as held for sale in the balance sheet	$	22.2

Zimmer Station and Miami Fort Station's results are reflected within continuing operations in the Condensed Statements of Operations. The combined income / (loss) from continuing operations before income tax for Zimmer Station and Miami Fort Station was $3.0 million and $(9.7) million for the three months ended June 30, 2017 and 2016, respectively, and $2.2 million and $(16.2) million for the six months ended June 30, 2017 and 2016, respectively. Zimmer Station and Miami Fort Station are included in the Generation segment.