Common Shareholders' Equity (DP&L [Member])

6 Months Ended

Jun. 30, 2013

DP&L [Member]

Common Shareholders' Equity

10.  Shareholder’s Equity 

DP&L has 250,000,000 authorized $0.01 par value common shares, of which 41,172,173 are outstanding at June 30, 2013.  All common shares are held by DP&L’s parent, DPL. 

On August 5, 2013, the Board of Directors of DP&L declared a dividend to the stockholder of record as of the close of business on August 6, 2013 of up to $75.0 million.  This dividend is payable through September 30, 2013.

As part of the PUCO’s approval of the Merger, DP&L agreed to maintain a capital structure that includes an equity ratio of at least 50 percent and not to have a negative retained earnings balance.