Ownership of Coal-fired Facilities

9 Months Ended

Sep. 30, 2015

Jointly Owned Utility Plant Interests [Line Items]

Ownership of Coal-fired Facilities

Note 4 – Ownership of Coal-fired Facilities

DP&L has undivided ownership interests in fivecoal-fired electric generating facilities, various peaking facilities and numerous transmission facilities with certain other Ohio utilities. Certain expenses, primarily fuel costs for the generating units, are allocated to the owners based on their energy usage. The remaining expenses, investments in fuel inventory, plant materials and operating supplies, and capital additions are allocated to the owners in accordance with their respective ownership interests. At September 30, 2015, DP&L had $25.0 million of construction work in process at such jointly owned facilities. DP&L’s share of the operating cost of such facilities is included within the corresponding line in the Condensed Consolidated Statements of Operations and DP&L’s share of the investment in the facilities is included within Total net property, plant and equipment in the Condensed Consolidated Balance Sheets. Each joint owner provides their own financing for their share of the operations and capital expenditures of the jointly owned units and stations.

DP&L’s undivided ownership interest in such facilities at September 30, 2015 is as follows:

	DP&L Share		DPL Carrying value
Jointly owned production units and stations:	Ownership (%)	Summer Production Capacity (MW)	Gross Plant in Service ($ in millions)		Accumulated Depreciation ($ in millions)		Construction Work in Process ($ in millions)		SCR and FGD Equipment Installed and in Service (Yes/No)
Conesville Unit 4	16.5	129	$	25	$	4	$	1	Yes
Killen Station	67.0	402	340		30		1		Yes
Miami Fort Units 7 and 8	36.0	368	218		31		4		Yes
Stuart Station	35.0	808	234		21		14		Yes
Zimmer Station	28.1	371	186		44		5		Yes
Transmission (at varying percentages)		n/a	42		7		—
Total		2,078	$	1,045	$	137	$	25

DPL revalued DP&L’s investment in the above plants at the estimated fair value for each plant at the date of the Merger.

THE DAYTON POWER AND LIGHT COMPANY [Member]

Jointly Owned Utility Plant Interests [Line Items]

Ownership of Coal-fired Facilities

Note 4 – Ownership of Coal-fired Facilities

DP&L has undivided ownership interests in fivecoal-fired electric generating facilities, various peaking facilities and numerous transmission facilities with certain other Ohio utilities. Certain expenses, primarily fuel costs for the generating units, are allocated to the owners based on their energy usage. The remaining expenses, investments in fuel inventory, plant materials and operating supplies, and capital additions are allocated to the owners in accordance with their respective ownership interests. At September 30, 2015, DP&L had $25.0 million of construction work in process at such jointly owned facilities. DP&L’s share of the operating cost of such facilities is included within the corresponding line in the Condensed Consolidated Statements of Operations and DP&L’s share of the investment in the facilities is included within Total net property, plant and equipment in the Condensed Consolidated Balance Sheets. Each joint owner provides their own financing for their share of the operations and capital expenditures of the jointly owned units and stations.

DP&L’s undivided ownership interest in such facilities at September 30, 2015, is as follows:

	DP&L Share		DP&L Carrying value
Jointly owned production units and stations:	Ownership (%)	Summer Production Capacity (MW)	Gross Plant in Service ($ in millions)		Accumulated Depreciation ($ in millions)		Construction Work in Process ($ in millions)		SCR and FGD Equipment Installed and in Service (Yes/No)
Conesville Unit 4	16.5	129	$	25	$	8	$	1	Yes
Killen Station	67.0	402	655		324		1		Yes
Miami Fort Units 7 and 8	36.0	368	365		169		4		Yes
Stuart Station	35.0	808	771		335		14		Yes
Zimmer Station	28.1	371	1,104		688		5		Yes
Transmission (at varying percentages)		n/a	98		63		—
Total		2,078	$	3,018	$	1,587	$	25