DPL Inc. sells its retail electric arm
The parent compnay of Dayton Power & Light has sold its retail electric service.
DPL Inc., a subsidiary of AES (NYSE:AES) and the parent company of Dayton Power & Light, has sold its competitive retail electric service provider, DPL Energy Resources, Inc., to IGS Energy, a Dublin, Ohio-based company, DPL Inc. said Wednesday.
As part of the deal, DPL Inc. and IGS Energy will “work to help provide a smooth transition of the business,” the former company said in a statement. “There will be no interruption of service to customers.”
DPL Inc. said, “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 lets DPL Inc. focus on what it called its “core businesses of electricity generation, transmission, and distribution.”