Wed, Mar 5, 11:05 AM (53 days ago)
**DPL Inc. (DPL) and The Dayton Power and Light Company (AES Ohio) Financial Summary for FY 2024** For the fiscal year ending December 31, 2024, DPL reported total revenue of $876.5 million, a slight increase from $861.0 million in FY 2023, driven by higher transmission revenues and new regulatory riders. However, net income decreased by 61% to $13.8 million, impacted by higher operating expenses, notably in O&M and depreciation, and a one-time deferral of purchased power costs. Similarly, AES Ohio's revenue rose to $867.6 million, with net income declining 40% to $36.9 million due to similar cost pressures. DPL's operating expenses totaled $785.4 million, with purchased power costs decreasing to $316.4 million. Interest expenses rose significantly due to increased debt levels, totaling $85 million. DPL's long-term debt stood at $1.84 billion, with a leverage ratio compliant with regulatory requirements. Strategically, DPL is focused on enhancing infrastructure and reliability through its Smart Grid initiatives, with a new distribution rate case filed proposing a $235.2 million increase. The company anticipates continued revenue growth from improved grid reliability and operational efficiency. Key risks include regulatory changes, economic conditions affecting customer demand, and potential litigation impacts. Overall, DPL's financial condition remains stable, with ongoing investment in infrastructure expected to support future growth.