XML 38 R20.htm IDEA: XBRL DOCUMENT v3.21.2
Discontinued Operations
6 Months Ended
Jun. 30, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Discontinued Operations Discontinued Operations
Conesville - In May 2020, AEP, the operator of the formerly co-owned Conesville EGU, retired Conesville Unit 4 as planned. On June 5, 2020, DPL and AES Ohio Generation, together with AEP, completed the transfer of their interests in the retired Unit 4, including the associated environmental liabilities, to an unaffiliated third-party purchaser. For the transaction, DPL will make quarterly cash expenditures, totaling $4.0 million, through July 2022, of which $2.6 million has been paid through June 30, 2021. The transfer of Conesville Unit 4 was the last step in DPL's plan to exit its AES Ohio Generation business operations.

DPL determined that the transfer of Conesville along with the transfers of Stuart and Killen in 2019 and the sales of the Peaker Assets in 2018 and Miami Fort and Zimmer in 2017 constitute the disposal of a group of components, which, as a whole, represent a strategic shift to exit its AES Ohio Generation business. As such, the disposal of this group of components qualifies to be presented as discontinued operations. Therefore, the results of operations of this group of components have been reported as such in the Condensed Consolidated Statements of Operations for all periods presented.

The following table summarizes the revenues, operating costs, other expenses and income tax of discontinued operations for the periods indicated:
Three months endedSix months ended
June 30,June 30,
$ in millions2021202020212020
Revenues$0.5 $8.8 $1.4 $22.4 
Operating costs and other expenses(0.7)(10.0)(2.4)(24.4)
Loss from discontinued operations before income tax(0.2)(1.2)(1.0)(2.0)
Gain from disposal of discontinued operations 4.5  4.5 
Income tax expense / (benefit) from discontinued operations 0.7 (0.2)0.5 
Net income / (loss) from discontinued operations$(0.2)$2.6 $(0.8)$2.0 

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 $0.2 million and $(2.7) million for the three months ended June 30, 2021 and 2020, respectively, and $0.0 million and $3.6 million for the six months ended June 30, 2021 and 2020, respectively. Cash flows from investing activities for discontinued operations were $(0.4) million and $(0.6) million for the three months ended June 30, 2021 and 2020, respectively, and $(0.8) million and $4.4 million for the six months ended June 30, 2021 and 2020, respectively.