The local electric utility made those commitments and more in a filing this week before the Public Utilities Commission of Ohio (PUCO).
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The three stations whose ownership stakes DP&L would sell are the Conesville station in Conesville, Ohio, Miami Fort in North Bend, Ohio and Zimmer in Moscow, Ohio. All three are coal-fired facilities.
The company in January already identified two coal-fired stations on the Ohio River in Adams County for closure in mid-2018.
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Within 60 days of PUCO approval, DP&L says it will work with Adams County officials to identify a third-party to administer economic development grants, grants totaling $2 million.
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“The funds will be used specifically for a) economic development activities, b) workforce development and c) direct financial education assistance for job training” for DP&L employees who work at generation stations in Adams and Brown counties, the document says.
“DP&L further agrees to collaborate with local and statewide development organizations to identify and promote potential economic development in Adams and Brown counties,” the company added.
DP&L owner AES Corp. will use proceeds from the sale of coal-generation units to make debt repayments to DP&L and DPL Inc., the filing before PUCO says.
PUCO will decide whether or not to approve the plan sometime around mid-year, DP&L said.
A DP&L spokeswoman referred questions about the future of three power stations to their operators. American Electric Power operates Conesville while Dynegy operates Miami Fort and Zimmer.
Also in the stipulation: A bill decrease of about 25 cents a month for customers who use an average of 1,000 kilowatt-hours on DP&L’s standard service offer. One kilowatt-hour is enough power to cook breakfast for a family of four or to use a computer for several hours.
Also, the company said it will pay $50,000 annually to the city of Dayton for residential energy education and reduction programs.
“The proposed settlement represents a compromise among the parties, while allowing DP&L an opportunity to achieve an investment grade credit rating,” DP&L President and Chief Executive Tom Raga said in the release.
Other points in the filing: AES agrees to keep DP&’s headquarters in Dayton. And the company will start a “special hiring outreach” to Dayton residents. Also: DP&L will pay $200,000 each year to help Dayton with economic development.
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