Both facilities are older, coal-fired stations operating at a time when coal-fired plants are seen as more costly to run. Coal in recent years has been more expensive than natural gas, thanks to hydraulic “fracking” techniques and other factors.
The J.M. Stuart station and the Killen station are both on the Ohio River in Adams County in Southern Ohio.
The Killen station is co-owned, with DP&L having a 67 percent stake in the facility. The company has a 35 percent stake in the Stuart facility.
DP&L co-owns with other utilities five plants that are coal-fired. About two-third of its power generation is coal-fired and a third is natural gas-generated, DP&L President and Chief Executive Tom Raga told the Dayton Daily News earlier this year.
RELATED: Manufacturers group wary of DP&L charges.
DP&L has an electric security plan or “ESP” before the Public Utilities Commission of Ohio (PUCO), in a bid to make sure its rates are high enough to keep the company financially healthy.
This week, the Dayton Daily News reported that DP&L representatives are lobbying for proposed legislative language that would amend existing state law, letting the PUCO raise electric rates if a utility's financial integrity is at stake.
Last month, DP&L applied to the PUCO for a new rider — or additional charge — to customers’ bills, citing “significant threats to its financial integrity.”
In July, Fitch Ratings revised its outlook for DP&L to “negative” from “stable.” The revision followed the Ohio Supreme Court’s rejection in June of DP&L’s “service stability rider” — a ruling which Fitch said at the time “could have material negative credit impact” on the company.