Dayton, Ohio, September 26, 2022 /PRNewswire/ — Today, AES Ohio, a subsidiary of AES Corporation (NYSE: AES), has submitted its latest Electric Security Plan (ESP) to the Public Utilities Commission Ohio (PUCO).
The company’s ESP is a comprehensive plan to enhance and upgrade its network and improve service reliability, provide greater safeguards for price stability and continue investment in local economic development. AES Ohio intends to increase investments in distribution infrastructure and deploy a proactive vegetation management program.
“We understand, first and foremost, that our customers want reliable service while maintaining affordable rates,” said AES Ohio President and Chief Executive Officer. Christina Lund. “With low delivery rates OhioThis plan provides a mechanism to strengthen reliability in the future and protect our customers from the effects of volatile market-driven costs.”
If approved as proposed, the initial impact would be minimal for AES Ohio residential customers using 750 kilowatt hours per month. $1.00.
Beyond ESP’s various requirements, AES Ohio is proposing new and innovative programs to help customers save money while meeting changing energy needs driven by new smart technologies. The project also has energy efficiency programs for residential and low-income customers, including ways to save using smart thermostat technology.
Lastly, the plan includes new price incentives to encourage the growth and expansion of companies in the region, helping to promote a strong local job market.
“AES Ohio is committed to providing reliable energy at competitive prices, while also investing in and supporting the communities where we live and work,” Lund said. “This project is thoughtfully designed to better serve our customers, reaffirm our commitment to the community and accelerate the future of energy.”
About AES Ohio
AES Ohio DPL Inc . (DPL), a regional power supplier and a major subsidiary of AES Company. AES Ohio, a regulated electric utility, serves 527,000 customers in West Central Ohio. Throughout its long history, AES Ohio has served its customers with the lowest delivery rates Ohio Among investor-owned utilities. Connect with AES Ohio Twitter, Facebook and LinkedIn. Learn more about how AES Ohio is accelerating the future of energy, visit aes-ohio.com/hellofuture.
AES Corporation (NYSE: AES) is a Fortune 500 global energy company that accelerates the future of energy. Together with our many stakeholders, we are improving lives by delivering the green, smart energy solutions the world needs. Our diverse workforce is committed to continuous innovation and operational excellence, partnering with our customers in their strategic energy transitions and continuing to meet their energy needs today.
This press release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements include statements regarding management’s intentions, beliefs and current expectations and typically include, but are not limited to, “expect,” “potential,” “anticipate,” “forecast,” “goal,” “will,” “intend,” “believe, ” “plan,” “estimate,” “plan,” “find” and similar words. Such forward-looking statements include, without limitation, infrastructure improvements, strategic objectives, business prospects, management expectations and AES Ohio’s proposed electric security plan and its effects on AES Ohio’s financial performance and condition. Forward-looking statements are not intended to be guarantees of future results, but rather represent AES Ohio’s current expectations based on reasonable assumptions. The forecasted financial information is based on certain material assumptions. These assumptions include, but are not limited to, the timing of events, accurate projections of market conditions and regulatory rates, future interest rates, commodity prices and continued operational performance and power levels at distribution companies, as well as the achievements of planned productivity improvements. Growth investments at expected rates of return.
Actual results may differ materially from those estimated in our forward-looking statements due to risks, uncertainties and other factors. Important factors that could affect actual results are discussed in DPL’s and AES Ohio’s filings with the Securities and Exchange Commission (SEC), including risks discussed under Item 1A: “Risk Factors” and Item 7: “Management’s Discussion” & Analysis” of DPL’s Form 10-K. and in AES Ohio’s annual report and subsequent reports filed with the SEC. Readers are encouraged to read DPL’s and AES Ohio’s filings to learn more about the risks associated with DPL’s and AES Ohio’s businesses. DPL and AES Ohio may update any forward-looking statements as a result of new information, future events or otherwise. Any security holder desiring copies of DPL’s and AES Ohio’s periodic reports filed with the SEC may obtain copies (other than exhibits) without charge by submitting a request to the Corporate Secretary, DPL Inc., 1065 Woodman Drive, Dayton, Ohio 45432. Exhibits may also be requested, but a fee equivalent to the cost of reproduction thereof shall be made. Copies of periodic reports may also be obtained by visiting AES Ohio’s website at AES-ohio.com/sec-filings.
Source AES CORP.