| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers D > Headlines for Dayton Power and Light Co. > News item |
S&P cuts DPL view to negative
S&P said it revised its outlook on DPL Inc. and its rated subsidiary Dayton Power and Light Co. (DP&L) to negative from stable on elevated regulatory risk. But the ratings of the companies were affirmed.
“The negative outlook reflects the heightened regulatory risk for DPL concerning its future use of the DMR, which the company materially relies on to sustain its credit quality,” S&P said in a news release.
The Supreme Court of Ohio has remanded portions of the distribution modernization rider (DMR) for utilities owned by First Energy Corp. This included ordering the Public Utilities Commission of Ohio to remove the DMR revenue from the affected utilities owned by First Energy.
The First Energy court ruling increases uncertainty around Dayton Power and Light’s use of the DMR, including the risk that the future DMR used by DP&L could be changed, reinterpreted or delayed, S&P said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.