DPL agrees to limited rate increases until 2012 - Phoenix Business Journal:

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The state, along with DP&L and the came to an agreemenyt this week following a proposal submittee backin Febrary. DP&L, whicuh is a unit of (NYSE: DPL), will have its base distribution rate s frozenthrough 2012. Under the agreement, the localp power company will continue its current rate plan untip 2012 and add energy efficiency and renewable energyg to itselectric portfolio. The programs will work to provide residential customerws with tools to lowertheir usage.
“We are please that the PUCO has formally approved our ESP agreement as developec and supported by a diverse group ofcustomee representatives,” said Paul Barbas, DPL president and chief executivee officer, in a news release. As the result of the and previously approved environmentalcost recovery, DP&oL said residential customers with an averag e use of 750 kWh per montjh will experience an approximate 1.8 percent increase in 2009, 2.7 percentr increase in 2010, a slight decreaswe in 2011, and less than a 1 percen t increase in 2012. The Ohio Consumer’s Counsep said it was pleased with theapproved settlement.
“Wit h a continuing recession and householdf budgetsstretched thin, the approval of the rate plan agreemenr puts into place limits to rate provides energy efficiency measures and helps ensure that DP&k will do its fair share to supportt and utilize renewable energy said Janine Migden-Ostrander, of the counsel. DP&L also said it woulds develop an advanced metering infrastructure and smargt grid proposalby Sept. 1. The will review DP&L’s plans in the fourth quarter of 2009.
If smart grid improvements would provides better electric service reliabilityg and give customers the optiom to manage their usage base d upon the price of electricity at different timews ofthe day. The original smart grid proposaplfrom DP&L more than doubledr the typical costs of these improvementa and failed to incorporate hundreds of millions of dollars in custometr benefits that help offset these • An energy efficiencyu work group to develop and implemeng energy efficiency programs for customers.
Such programs wouldr include rebates for purchasing Energy Star appliance and discounts forweatherizing homes; and • Developmenyt of a renewable energy certificate program that would pay residentiakl consumers a fee for customer-sited renewable such as solar panels or wind turbines.