Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013



	Successor						Predecessor
$ in millions	Year ended December 31, 2013		Year ended December 31, 2012		November 28, 2011 through December 31, 2011		January 1, 2011 through November 27, 2011
Computation of tax expense
Federal income tax expense / (benefit)(a)	$	(69.9)	$	(588.7)	$	(2.0)	$	88.4

Increases (decreases) in tax resulting from:
State income taxes, net of federal effect		1.7		3.5		0.1		3.8
Depreciation of AFUDC - Equity		(3.2)		(2.4)		(0.3)		(2.9)
Investment tax credit amortized		(0.5)		(0.3)		(0.2)		(2.3)
Section 199 - domestic production deduction		(4.1)		(2.1)		-		(3.6)
Non-deductible merger costs		-		-		0.1		6.0
Non-deductible merger-related compensation		-		0.6		3.5		-
Non-deductible goodwill impairment		107.2		636.0		-		-
Accrual (settlement) for open tax years		(8.8)		(0.1)		0.1		0.1
Compensation and benefits		-		-		-		13.8
Income not subject to tax		-		-		(0.6)		-
Other, net (b)		(0.1)		1.2		(0.1)		(1.3)
Total tax expense	$	22.3	$	47.7	$	0.6	$	102.0

Components of tax expense
Federal - current	$	1.8	$	48.6	$	0.4	$	53.2
State and Local - current		0.7		1.2		0.4		0.9
Total current		2.5		49.8		0.8		54.1

Federal - deferred		18.1		(4.9)		(0.2)		43.2
State and local - deferred		1.7		2.8		-		4.7
Total deferred		19.8		(2.1)		(0.2)		47.9

Total tax expense	$	22.3	$	47.7	$	0.6	$	102.0

Components of Deferred Tax Assets and Liabilities



Components of Deferred Tax Assets and Liabilities (Successor)
	Years ended December 31,
$ in millions	2013		2012
Net non-current Assets / (Liabilities)
Depreciation / property basis	$	(531.5)	$	(517.0)
Income taxes recoverable		(11.4)		(12.3)
Regulatory assets		(15.6)		(20.6)
Investment tax credit		1.0		1.2
Intangibles		(3.9)		(2.4)
Compensation and employee benefits		(2.0)		2.2
Long-term debt		(1.7)		(2.0)
Other (c)		0.8		16.0
Net non-current liabilities	$	(564.3)	$	(534.9)

Net current Assets / (Liabilities) (d)
Other	$	(2.6)	$	4.7
Net current assets / (liabilities)	$	(2.6)	$	4.7

Reconciliation of Unrecognized Tax Benefits



$ in millions
Balance at January 1, 2011	$	19.4

January 1, 2011 through November 27, 2011 (Predecessor)
Tax positions taken during prior period		2.0
Settlement with taxing authorities		3.5
Balance at November 27, 2011	$	24.9

November 28, 2011 through December 31, 2011 (Successor)
Balance at November 28, 2011	$	24.9
Tax positions taken during current period		0.1
Balance at December 31, 2011		25.0

Calendar 2012 (Successor)
Tax positions taken during prior period		(6.3)
Tax positions taken during current period		(0.4)
Balance at December 31, 2012		18.3

Calendar 2013 (Successor)
Tax positions taken during prior period		(0.1)
Lapse of Statute of Limitations		(6.9)
Settlement with taxing authorities		(2.5)
Balance at December 31, 2013	$	8.8

Schedule of Tax Expense Benefit That Were Credited To Accumulated Other Comprehensive Loss (Text Block)



	Successor						Predecessor
$ in millions	Year ended December 31, 2013		Year ended December 31, 2012		November 28, 2011 through December 31, 2011		January 1, 2011 through November 27, 2011
Tax expense / (benefit)	$	15.4	$	(2.5)	$	(1.2)	$	(33.2)

Interest And Penalties Related To Unrecognized Tax Benefits In Income Tax Expense (Text Block)



Amounts in Balance Sheet	Successor
$ in millions	December 31, 2013		December 31, 2012
Liability	$	0.2	$	0.8


Amounts in Statement of Operations	Successor						Predecessor
$ in millions	Year ended December 31, 2013		Year ended December 31, 2012		November 28, 2011 through December 31, 2011		January 1, 2011 through November 27, 2011
Expense / (benefit)	$	(0.6)	$	(0.1)	$	-	$	0.6

DP&L [Member]

Components of Income Tax Expense



$ in millions	Year ended December 31, 2013		Year ended December 31, 2012		Year ended December 31, 2011
Computation of tax expense
Federal income tax expense / (benefit)(a)	$	35.5	$	50.9	$	103.8

Increases (decreases) in tax resulting from:
State income taxes, net of federal effect		0.3		(2.0)		1.4
Depreciation of AFUDC - Equity		(2.5)		3.0		(3.2)
Investment tax credit amortized		(2.5)		(2.5)		(2.5)
Section 199 - domestic production deduction		(4.1)		(2.5)		(4.9)
Non-deductible merger-related compensation		-		0.6		3.6
Accrual (settlement) for open tax years		(8.8)		-		-
ESOP		-		-		13.6
Compensation and benefits		-		-		(5.3)
Other, net (b)		0.7		7.6		(2.3)
Total tax expense	$	18.6	$	55.1	$	104.2

Components of Tax Expense
Federal - current	$	38.6	$	52.1	$	54.9
State and Local - current		(0.1)		1.0		0.9
Total current		38.5		53.1		55.8

Federal - deferred		(20.4)		4.7		47.1
State and local - deferred		0.5		(2.7)		1.3
Total deferred		(19.9)		2.0		48.4

Total tax expense	$	18.6	$	55.1	$	104.2

Components of Deferred Tax Assets and Liabilities



	December 31,
$ in millions	2013		2012
Net non-current Assets / (Liabilities)
Depreciation / property basis	$	(607.1)	$	(622.1)
Income taxes recoverable		(11.4)		(12.3)
Regulatory assets		(15.6)		(20.6)
Investment tax credit		8.8		9.6
Compensation and employee benefits		(0.2)		0.3
Other		(6.8)		(6.9)
Net non-current liabilities	$	(632.3)	$	(652.0)

Net current Assets / (Liabilities) (c)
Other	$	(5.0)	$	2.0
Net current assets / (liabilities)	$	(5.0)	$	2.0

Reconciliation of Unrecognized Tax Benefits



$ in millions
Balance at December 31, 2011	$	25.0

Calendar 2012
Tax positions taken during prior period		(6.3)
Tax positions taken during current period		(0.4)
Balance at December 31, 2012		18.3

Calendar 2013
Tax positions taken during prior period		(0.1)
Lapse of Statute of Limitations		(6.9)
Settlement with taxing authorities		(2.5)
Balance at December 31, 2013	$	8.8

Schedule of Tax Expense Benefit That Were Credited To Accumulated Other Comprehensive Loss (Text Block)



$ in millions	Year ended December 31, 2013		Year ended December 31, 2012		Year ended December 31, 2011
Tax expense / (benefit)	$	7.0	$	(0.8)	$	(7.2)

Interest And Penalties Related To Unrecognized Tax Benefits In Income Tax Expense (Text Block)



Amounts in Balance Sheet
$ in millions	Year ended December 31, 2013		Year ended December 31, 2012		Year ended December 31, 2011
Liability	$	0.2	$	0.8	$	0.9


Amounts in Statement of Operations
$ in millions	Year ended December 31, 2013		Year ended December 31, 2012		Year ended December 31, 2011
Expense / (benefit)	$	(0.6)	$	(0.1)	$	0.6

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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