EX-99.1 2 a07-22978_1ex99d1.htm EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

FRANK GALLAHER APPOINTED TO DPL BOARD OF DIRECTORS

Former Entergy Executive Joins the DPL Board of Directors

DAYTON, Ohio, August 28, 2007 — DPL Inc. (NYSE: DPL) announced today the appointment of Mr. Frank F. Gallaher to the DPL and The Dayton Power and Light Company Boards of Directors.

“Frank’s extensive experience in the utility business, especially power plant operations, will be a tremendous asset to DPL as we work to grow shareholder value through operational excellence and quality customer service,” said Mr. Glenn Harder, DPL Chairman of the Board.

Mr. Gallaher’s career spanned more than 30 years with Entergy Corporation, a $21 billion electric utility holding company headquartered in New Orleans.  He began at Entergy as an engineer, rising through the organization to hold a number of executive management positions including Group President and Chief Utility Operating Officer, and President of Fossil Operations and Transmission.  Since retiring from Entergy in 2003, Mr. Gallaher has been consulting with a variety of clients throughout the electric utility industry.

Mr. Gallaher earned a Bachelor of Science and a Master of Science in electrical engineering from Mississippi State University.  He also holds a Master of Business Administration and a Juris Doctor from Mississippi College.

Mr. Gallaher will serve on the audit committee as well as the nominating and corporate governance committee.

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 3,750 megawatts of generation capacity, of which 2,800 megawatts are low cost coal-fired units and 950 megawatts are natural gas and diesel peaking units.  Further information can be found at www.dplinc.com.

Certain statements contained in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  Matters discussed in the press release that relate to events or developments that are expected to occur in the future, including management’s expectations,




strategic objectives, business prospects, anticipated economic performance and financial condition and other similar matters constitute forward-looking statements.  Forward-looking statements are based on management’s beliefs, assumptions and expectations of future economic performance, taking into account the information currently available to management.  These statements are not statements of historical fact and are typically identified by terms and phrases such as “anticipate,” “believe,” “intend,” “estimate,” “expect,” “continue,” “should,” “could,” “may,” “plan,” “project,” “predict,” “will” and similar expressions.  Such forward-looking statements are subject to risks and uncertainties, and investors are cautioned that outcomes and results may vary materially from those projected due to various factors beyond DPL’s control, including but not limited to: abnormal or severe weather and catastrophic weather-related damage; unusual maintenance or repair requirements; changes in fuel costs and purchased power, coal, environmental emissions, gas and other commodity prices; volatility and changes in markets for electricity and other energy-related commodities; increased competition and deregulation in the electric utility industry; increased competition in the retail generation market; changes in interest rates; state, federal and foreign legislative and regulatory initiatives that affect cost and investment recovery, emission levels, rate structures or tax laws; changes in federal and/or state environmental laws and regulations to which DPL and its subsidiaries are subject; the development of Regional Transmission Organizations, including the PJM to which DPL’s operating subsidiary has given control of its transmission functions; changes in DPL’s purchasing processes, pricing, delays, contractor and supplier performance and availability; significant delays associated with large construction projects; growth in DPL’s service territory and changes in demand and demographic patterns; changes in accounting rules and the effect of accounting pronouncements issued periodically by accounting standard-setting bodies; financial market conditions; the outcomes of litigation and regulatory investigations, proceedings or inquiries; general economic conditions; and the risks and other factors discussed in DPL’s filings with the Securities and Exchange Commission.

Forward-looking statements speak only as of the date of the document in which they are made.  We disclaim any obligation or undertaking to provide any updates or revisions to any forward-looking statement to reflect any change in our expectations or any change in events, conditions or circumstances on which the forward-looking statement is based.