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):   December 28, 2005

DPL Inc.

(Exact Name of Registrant as Specified in Its Charter)

Ohio	1-9052	31-1163136
(State or Other Jurisdiction  of Incorporation)	(Commission File Number)	(IRS Employer 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 7.01                Regulation FD Disclosure

On December 28, 2005, the Company announced that the Public Utilities Commission of Ohio had approved the Rate Stabilization Plan of DPL Inc.’s principal subsidiary, The Dayton Power and Light Company (DP&L).  Under the plan, DP&L will phase into rates the impact of increasing fuel and environmental costs over a five year period, commencing January 1, 2006 through December 31, 2010.  A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference.

Item 9.01 (c).          Exhibits.

99.1                   Press Release of DPL Inc., dated December 28, 2005.

2

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.

	DPL Inc.
Date:  January 3, 2006
	/s/ Miggie E. Cramblit
	Name:	Miggie E. Cramblit
	Title:	Vice President, General Counsel and Corporate Secretary

3

EXHIBIT INDEX

Exhibit No.	Description	Paper (P) or Electronic (E)
99.1	Press Release of DPL Inc., dated December 28, 2005.	E

4

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE CONTACT: 937-224-5940

PUCO APPROVES DP&L RATE STABILIZATION PLAN

DAYTON, OHIO, December 28, 2005 – The Public Utilities Commission of Ohio (PUCO) today approved the Rate Stabilization Plan of DPL Inc.’s (NYSE: DPL) principal subsidiary, The Dayton Power and Light Company (DP&L).

Under the plan, DP&L will phase into rates the impact of increasing fuel and environmental costs over a five year period, from January 1, 2006 through December 31, 2010.  The environmental portion of the increase, which goes into effect in 2007 and runs through 2010, will be avoidable for customers who switch generation providers.  Residential customers will continue to receive the 5% rate discount on generation that began in 2001 and will receive an additional 2.5% discount on generation from 2006 through 2008.  The discount will save residential customers approximately $21 million per year.

“This is our first rate increase since 1991,” said Jim Mahoney, President and Chief Executive Officer of DP&L.  “The plan phases in the increase over five years to ease the impact on customers and at the same time, protects them from the potential volatility of competitive electric generation markets through 2010.”

Prior to the adoption of the new Rate Stabilization Plan, DP&L customers were scheduled to pay market prices for generation beginning in 2009.  The Plan approved today provides customers with price protection through capped generation prices for 2009 and 2010, or an additional two years.

A typical residential customer using 750 kilowatt hours per month will experience a 6.7% increase of $4.76, or $71.42 to $76.18, beginning January 1, 2006.  For the next four years thereafter, the typical residential customer will experience an increase of less than 3% per year.

Utilities across the country, including DP&L, are experiencing the impact of rising fuel prices and increasing environmental requirements.  The market price for the type of coal DP&L uses to generate electricity at its power plants has almost doubled in the past three years.  At the same time, DP&L has recently invested $175 million to reduce nitrogen oxide emissions at its power plants and is in the process of investing an additional $500 million to reduce sulfur dioxide emissions.

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 governmental, 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 fired peaking units.  Further information can be found at www.dplinc.com.