The price for just the Tait Station property was $1,763,053.
QUICK BUSINESS READS
The Mound is entering a new era
$10 million expansion at Carillon Park: What we know now
Local manufacturing CEO named to national board
Montgomery County 911 center property quietly sold
The same land was transferred last October from DP&L to AES Ohio Merger Sub LLC, records show.
The Tait generation station has seven gas- and/or oil-fired combustion turbines/four diesel generators and several battery power arrays. The station has a summer generating capacity of 586 megawatts, DP&L says.
But Tait Station was only one part of the sale of AES Ohio Generation LLC assets to Kimura Power, DP&L Communications said.
In a filing late last month with the SEC, AES Ohio Generation LLC, a wholly owned subsidiary of DPL Inc., said it sold six facilities to Kimura Power, including the Tait station.
Also sold were the Montpelier combustion turbine generation facility, the Yankee combustion turbine generation and solar facility, the Hutchings combustion turbine generation site, the Monument diesel generation facility; and the Sidney diesel generation facility.
The total purchase price of all the assets at closing was $239.3 million, the filing said.
DPL said it would use the proceeds to “prepay” loans and to redeem about $101 million of its outstanding senior unsecured notes, which are due in 2019. The company will also redeem about $60 million of its outstanding tax-exempt first mortgage bonds, it said in its SEC filing.