In all, six DPL/AES facilities have been sold to Kimura Power LLC for a total of nearly $240 million, the company said in a filing with the SEC.
The sale of DP&L’s Tait power generating station at Arbor and Carillon Boulevard was recorded Thursday to Tait Electric Generating Station LLC, according to Montgomery County property records.
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The seller was AES Ohio Merger Sub LLC. DP&L is owned by Arlington-Va.-based AES Corp. AES Ohio Merger has the same 1065 Woodman Drive mailing address as DP&L’s Dayton headquarters.
The price for the Tait station was $1,763,053.
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.
Tait station was just one part of the sale of AES Ohio Generation, LLC assets to Kimura Power, DP&L Communications said.
In a filing 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 overall purchase price for all the assets at closing was $239.3 million, the filing said.
DPL said it would use the proceeds to “prepay” some loans and to redeem about $101 million of its outstanding senior unsecured notes 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.
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