8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of report (Date of earliest event reported):  March 29, 2007

The Dayton Power and Light Company

(Exact Name of Registrant as Specified in Its Charter)

Ohio	1-2385	31-0258470
(State or Other Jurisdiction	(Commission	(IRS Employer
of Incorporation)	File Number)	Identification No.)

1065 Woodman Drive, Dayton, Ohio	45432
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code:  (937) 224-6000

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01.Other Events

On March 29, 2007, Fitch Ratings announced upgrades of the debt ratings of DPL Inc. and its principal subsidiary, The Dayton Power and Light Company.

A copy of the press release announcing these ratings upgrades is attached hereto as Exhibit 99.1.

Item 9.01.Financial Statements and Exhibits

(d)           Exhibits.

99.1 Press Release of DPL Inc., dated March 29, 2007.

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	The Dayton Power and Light Company
Date:  March 30, 2007
	/s/ MIGGIE E. CRAMBLIT
	Name:	Miggie E. Cramblit
	Title:	Vice President, General Counsel
		and Corporate Secretary

EXHIBIT INDEX

		Paper (P) or
Exhibit No.	Description	Electronic (E)
99.1	Press Release of DPL Inc., dated March 29, 2007	E

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

Fitch Ratings Upgrades DPL and Dayton Power & Light Company

DAYTON, Ohio — March 29, 2007 — Fitch Ratings today announced rating upgrades for DPL Inc. (NYSE: DPL) and its principal subsidiary, The Dayton Power and Light Company (DP&L).

DPL issuer default and senior unsecured ratings were raised from BBB to BBB+.

DP&L issuer default and preferred stock ratings were raised from BBB+ to A- and its first mortgage bonds and secured pollution control revenue bonds were raised from A to A+.

“We are very pleased with today’s announcement,” said Paul Barbas, DPL President and Chief Executive Officer.  “It is another positive reflection on strategic and financial actions that we have taken to improve our credit profile over the past several years.”

Fitch Ratings maintains its Stable Rating Outlook for both DPL and DP&L.

About DPL

DPL Inc. (NYSE:DPL) is a regional electric energy and utility company.  DPL’s principal subsidiaries include The Dayton Power and Light Company (DP&L); DPL Energy, LLC (DPLE); and DPL Energy Resources, Inc. (DPLER).  DP&L, a regulated electric utility, provides service to over 500,000 retail customers in West Central Ohio; DPLE engages in the operation of merchant peaking generation facilities; and DPLER is a competitive retail electric supplier in Ohio, selling to major industrial and commercial customers. DPL, through its subsidiaries, owns and operates approximately 4,400 megawatts of generation capacity, of which 2,800 megawatts are low cost coal-fired units and 1,600 megawatts are natural gas and diesel peaking units.  Further information can be found at www.dplinc.com.

MEDIA CONTACT: 937-224-5940

ANALYST CONTACT:
Joseph R. Boni III, Treasurer
937-259-7230