Update: In February, DP&L and some parties reached an initial settlement regarding DP&L’s proposed credit support rider called the distribution modernization rider (DMR). OMAEG opposed that settlement because it authorized additional riders that were unjustified, did not protect against AES Corporation seeking to recover tax sharing liabilities from DPL Inc. after the expiration of the DMR term, and gave DP&L credit support under the DMR in an amount far greater than what the PUCO approved for FirstEnergy, among other things.

After extensive negotiations, on March 13, 2017, a new settlement was reached between a majority of the parties, including PUCO Staff and OMAEG (as a non-opposing party). Under the new settlement, DP&L will receive from customers $105M/year for 3 years with an option to request a 2 year extension of the DMR, totaling approximately $315M over three years. The Distribution Investment Rider

(DIR-B) was eliminated (which was estimated to cost consumers $207.5M), and DP&L agreed to convert the forgone tax sharing liabilities to AES Corporation into equity payments (estimated by DP&L to be a $300M gain for customers). 

DP&L will also provide several OMAEG members the economic development rider (EDR) credit of $.004/kWh. For OMAEG members that do not qualify for the EDR credit, DP&L agreed to make those members see no increase in their current rates, plus a slight discount. Thus, those members will receive a collective total of $18,000 per year in shareholder dollars to compensate them for the increase in rates due to the DMR.