“The net effect of reverting to (the earlier electric security plan) rates results in the reduction of annual revenues to DP&L by approximately $70 million,” the PUCO said in a statement Wednesday. “Customer rate impacts will be known once DP&L files revised tariffs in accordance with today’s commission order.”
Last month, the PUCO issued an opinion and order that directed DP&L to end the rider in light of a recent Supreme Court of Ohio ruling on a similar charge for another Ohio utility.
In its order, the PUCO found that a June 2018 Ohio Supreme Court ruling “rendered the same charge by DP&L unlawful and directed DP&L to immediately eliminate the charge,” PUCO said in late November.
A PUCO spokesman told the Dayton Daily News last month that DP&L was not ordered to give customers a refund. Instead, the utility was told to file revised rates.
“DP&L is disappointed with this decision because it negatively impacts our ability to move forward with investments in the distribution system that allow us to meet customer needs,” Vince Parisi, DP&L president and chief executive, said in a statement last month. “DP&L customers deserve safe, reliable service and today’s order challenges our capacity to continue meeting those expectations. We will work with the PUCO to resolve their concerns to reach a constructive outcome that will allow DP&L to meet our customers’ expectations.”
A message seeking comment was sent to a DP&L representative.