S&P shifts DPL, unit views to developing

S&P said it revised the outlooks for DPL Inc. and its subsidiary Dayton Power & Light Co. to developing from negative.

The revision follows the settlement reached between DP&L and the Public Utilities Commission of Ohio staff and other parties over several regulatory matters. Also, DPL’s parent AES Corp. provided a statement of intent to give DPL or DP&L capital contributions, which are not guaranteed and is dependent on certain conditions.

“The settlement suggests AES will likely support DPL with equity, improving DPL’s financial measures over time,” the agency said in a press release.

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