DAYTON, Ohio - January 6, 2016 - DPL Inc., a subsidiary of AES (NYSE:AES) and the parent company of Dayton Power & Light, has sold its competitive retail electric service (CRES) provider, DPL Energy Resources, Inc. (DPLER), to IGS Energy, an Ohio-based company. As part of the transaction, DPL Inc. and IGS Energy will work to help provide a smooth transition of the business. There will be no interruption of service to customers.
Identifying a buyer with a similar business philosophy was important to DPL Inc. IGS Energy shares the DPL Inc. philosophy of offering superior, customer-focused service and IGS Energy has extensive retail operating experience in competitive electricity markets.
The sale focuses DPL Inc. on its core businesses of electricity generation, transmission, and distribution. DPL Inc. reaffirms its commitment to remain a significant partner in the communities it has served for over 100 years and plans continued economic development and philanthropic support of the Miami Valley.