Discontinued Operations

3 Months Ended

Mar. 31, 2018

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Dispositions

Beckjord Facility – On February 26, 2018, DP&L and its co-owners of the retired Beckjord Facility agreed to transfer their interests in the retired Facility to a third party, including their obligations to remediate the Facility and its site, and the transfer occurred on that same date. As a result, DPL recognized a loss on the transfer of $11.7 million and made cash expenditures of $14.5 million, inclusive of cash expenditures for the transfer charges. The Beckjord Facility was retired in 2014, and as such, the income / (loss) from continuing operations before income tax related to the Beckjord Facility was immaterial for the three months ended March 31, 2018 and 2017. Prior to the transfer, the Beckjord Facility was included in the T&D segment.

Peaker Assets – On March 27, 2018, DPL and AES Ohio Generation completed the sale transaction of the Peaker assets to Kimura Power, LLC for total proceeds of $239.3 million, which will be subject to a customary post-closing reconciliation. This transaction resulted in a loss on sale of $1.9 million for the three months ended March 31, 2018. Prior to the sale, the Peaker assets were included in the Generation segment.

The results of operations of the Peaker assets are presented within continuing operations in the Consolidated Statements of Operations. The income / (loss) from continuing operations before income tax for the Peaker assetswas $7.2 million (excluding loss on sale of $1.9 million) and $0.3 million for the three months ended March 31, 2018 and 2017, respectively.